Las Cruces, NM (October 22, 2014) Randy McMillan CCIM SIOR and Jake Redfearn, owners of NAI 1st Valley Realty are pleased to announce the closing of the sale of the 110-acre Las Cruces Country Club golf course to Park Ridge Properties and LC Medical Properties – who represent several local and national development and investment groups.
Mr. McMillan states: “This sale is a major step forward in the redevelopment of this significant infill property that will revitalize the surrounding neighborhoods and bring jobs to the central core of the City.”
Jake Redfearn adds: “After a protracted and well-executed rezoning process, the property will be transformed into a mixed-use, master planned urban village. Planned amenities such as walking paths, bike trails and community gathering spaces will enhance the quality of life for residents in Park Ridge as well as the surrounding neighborhoods. This walk-able/ pedestrian friendly community will bring a diversity of uses, employment opportunities and revenue to the City.”
The Project will transform one of the two main corridors leading to Downtown Las Cruces and from Interstate 25, making it an integral part of the downtown redevelopment. It will be the largest mixed-use, infill development in the region incorporating sustainable design. Park Ridge will incorporate well-planned residential, healthcare, retail, commercial, educational and recreational space.
This investment is envisioned to result in a destination for Las Cruces and the region; and will feature, as a center point of the retail area, the preservation of the original club house which was designed by the famous architect, Henry Trost.
The team at NAI 1st Valley included Mr. McMillan representing the Country Club; and Jake Redfearn, Walter Skowronski SIOR, and Hal Henthorne representing Park Ridge.
Las Cruces Country Club, a non-profit corporation, will pursue closing its purchase of Sonoma Ranch Golf Club. In October of 2013, the Country Club, entered into a purchase agreement with Sonoma Ranch Golf Course to purchase the facility. The closing on the golf course is anticipated to occur in the next few weeks.
About NAI First Valley
NAI 1st Valley is a Las Cruces based Real Estate firm exclusively offering commercial Sales, Leasing, and Property Management Services. Independently owned and operated, NAI 1st Valley was established by Randy McMillan, CCIM, SIOR, in 1979. 1st Valley offers professional services in all sectors – retail, industrial, office, multi-family, land, investment, and business brokering. NAI 1st Valley currently manages over 1,000,000 square feet of property and handles over 190 listings in southern New Mexico. To learn more, visit www.1stvalley.com.
About NAI Global
NAI Global is one of the leading commercial real estate services providers worldwide. Headquartered in Princeton, New Jersey, NAI Global manages a network of 5,000 commercial real estate professionals and 375 offices in over 55 countries, and completes over $45 billion in annual transaction volume. Since 1978, NAI Global clients have built their businesses on the power of NAI’s expanding network. NAI Global’s extensive services include corporate real estate services, brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain consulting and related advisory services. To learn more, visit www.naiglobal.com.