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Real Estate - Commercial

Shallotte Golf Course Under Contract

By J. Elias O'Neal, posted May 15, 2014
A duo of Arizona investors may soon close on one of Brunswick County’s oldest golf courses.

Shallotte’s Brierwood Golf Club was placed under contract Tuesday by Blum Investment Group Golf LLC for an undisclosed amount, said Garry Silivanch, vice president of investment and development properties for Wilmington-based Coldwell Banker Commercial Sun Coast Partners and vice president with Team Silivanch.

If all parties involved in the transaction reach an agreement, officials could complete the purchase of the golf course sometime in July, Silivanch said.

The 160-acre golf course was listed for $1.25 million, according to the Realtors Commercial Alliance of Southeastern North Carolina Multiple Listing Service. The sale also includes a fleet of 80 golf carts, a full-service restaurant and bar with an up-to-date liquor license, a 10,178-square-foot clubhouse, a pro shop and a putting green.

No pending plans for the site have been released.

Officials with Blum Investment Group Golf did not return calls for comment by Thursday afternoon.

Silivanch said the investors plan to keep the golf course operational as an investment.

Brierwood Golf Club, 27 Brierwood Road SW, is a semi-private, 18-hole golf course established by four local doctors in 1967, according to a marketing flyer.
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