CBRE Announces the Sale of DuPont Country Club in Wilmington Delaware
12 Jun 2018
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CBRE has announced the recent sale of DuPont Country Club, which occupies more than 500 acres in northern Delaware Brandywine Valley.
Jeff Woolson, an executive vice president with CBRE who serves as the managing director of its Golf & Resort Group, represented the seller DuPont in the transaction, along with fellow professionals in CBRE’s Wilmington, Delaware office including Dan Reeder, executive vice president; Brian Hopkins, first vice president; and John Kaczowka, senior vice president. The buyer is a local investment group that includes former DuPont executives Ben duPont and Don Wirth.
Established in 1920, the legendary club was originally built as an amenity for DuPont company employees. Recreational amenities include three 18-hole golf courses and 25 tennis courts, complemented by a stately clubhouse measuring approximately 113,000 square feet. A key component of the property is the 60-acre Brantwyn Estate, which features a three-story 28,000 square foot mansion surrounded by manicured gardens that is utilized for weddings and other special events.
Mr. Woolson commented that, “Private clubs of DuPont’s magnitude rarely trade and the new buyers plan to spend $18 million on improvements, which include a swimming pool, fitness center and new driving range, which will elevate this iconic club to its former glory.”
The DuPont championship course has hosted many professional and prestigious amateur golf tournaments over the years, most notably serving as the home of the LPGA Tour’s McDonald’s Championship from 1987 through 2004.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.