Print
Real Estate - Commercial

Compass Pointe Developer Plans To Buy Magnolia Greens Golf Course

By Cece Nunn, posted Jun 8, 2015
Bobby Harrelson, a longtime developer and owner of Compass Pointe, plans to buy Magnolia Greens Golf Course, shown above. (Photo courtesy of Magnolia Greens Golf Course)
The owner of Compass Pointe, a 2,200-acre community in Brunswick County, announced Monday that he plans to buy Magnolia Greens Golf Course in Leland.

A firm organized by Bobby Harrelson, owner and developer of Compass Pointe and one of the original developers of Magnolia Greens, has the course under contract with the current owner, Magnolia Greens Ventures, for an undisclosed amount, said Rick Sears, managing partner of the firm selling the course. The deal is expected to close in a couple weeks, Sears said Monday afternoon.

Under the name Brunswick Golf Holdings, Harrelson and Sears will lead the management of the Magnolia Greens course and a golf course under construction at Compass Pointe, according to a news release. The two communities, which both have Leland addresses, are less than six miles from each other. 

"I am delighted to be able to link the area's finest public golf course, Magnolia Greens, with the uniquely designed new course at Compass Pointe," Harrelson, who has been in the development business for more than 50 years, said in the release. "The two courses will complement each other in design and golf programming, and the championship layouts will ensure that northern Brunswick County will be a major golf destination for local, regional, and national golfers in the future."

Harrelson, who was also one of the developers of Magnolia Greens, said he is pleased that both courses will be managed by the same staff "that has brought such positive acclaim to the Magnolia Greens," including Sears; head professional and general manager Rick Ferrell; and superintendent Marty Walker. Tommy Jacobs, former professional golfer and Magnolia Greens Ventures partner, will serve as an honorary head pro for The Pointe Golf Club at Compass Pointe, a Rick Robbins-designed championship golf course expected to open in late fall 2015, according to the release.

Built in 1998, "Magnolia Greens has long been an area favorite and has served as a site for the PGA tour qualifying school as well as numerous state and national qualifying tournament events," the announcement also said. Magnolia Greens has 18-hole and nine-hole golf courses designed by golf course architect Tom Jackson. 

Sears said the responses from residents of both communities to the announcement Monday were positive. Some Compass Pointe residents already play at Magnolia Greens, he said. 

Story On The Map

Ico insights

INSIGHTS

SPONSORS' CONTENT
Burrus rob headshot 300x300

Spreading Wings for Flight: 2nd Annual Trade Show Highlights the Ingenuity of UNCW Business Students

Robert Burrus - Cameron School of Business - UNC-Wilmington
Untitleddesign2

The Importance of Real Estate Appraisals

Steve Mitchell - Cape Fear REALTORS®
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce

Trending News

Riverlights Could Add 73 More Townhomes To Mix, Site Plans Show

Staff Reports - Apr 18, 2024

Game Over For Michael Jordan Museum At Project Grace

Audrey Elsberry - Apr 19, 2024

City Approvals Push Forward Plans For Former Wilmington Fire Stations

Emma Dill - Apr 17, 2024

Surf City Embarks On Park’s Construction

Cece Nunn - Apr 19, 2024

Taking Marine Science On The Road

Lynda Van Kuren - Apr 19, 2024

In The Current Issue

Taking Marine Science On The Road

“My mission and my goal is to take my love of marine science, marine ecosystem and coastal ecosystems and bring that to students and teacher...


With Coffee And Cocktails, Owners Mix It Up

Baristas are incorporating craft cocktail techniques into show-stopping coffee drinks, and bartenders are mixing espresso and coffee liqueur...


Bootstrapping A Remote Option

Michelle Penczak, who lives in Pender County, built her own solution with Squared Away, her company that now employs over 400 virtual assist...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season