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
Jasonpathfinder3

Finding Success in Succession Planning

Jason Wheeler - Pathfinder Wealth Consulting
Ubs chadpearson headshotresized

The Three Dimensions Of Selling Your Business

Chad Pearson - UBS Decision Point Wealth Consulting
Tommytaylor ceo unitedway

I Got 99 Problems But a 501(c)(3) Ain’t One

Tommy Taylor - United Way

Trending News

Sweyer Property Management Announces New CEO

Staff Reports - Aug 15, 2022

Several Wilmington-area Businesses Land On Inc. 5000 List 

Johanna F. Still - Aug 16, 2022

Wrightsville Beach Mainstay To Unveil New Look And Menu

Jenny Callison - Aug 17, 2022

CIL Capital Taps Former Airport Authority Chair As Chief Strategy Officer

Staff Reports - Aug 16, 2022

New Pizzeria Opens On Oleander Drive

Justin Williams Pope - Aug 17, 2022

In The Current Issue

Commercial Tenants Navigate Rent Spikes

One of the realities small businesses throughout the area face when trying to find commercial space, which also include increasing rents and...


Schools Face Nursing Shortage Crises

The pandemic-induced havoc on hospitals around the country still ricochets across systems today. A dire trend accelerated and emerged: a sho...


Beach Equipment Rentals Sizzle

For some beachgoers, their perfect day is lazing on the shore, soaking up rays. For others, it’s water sports or maybe biking alongside the...

Book On Business

The 2022 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100