Le Lézard
Classified in: Business
Subject: RLE

Eastern North Carolina farm sold for $25,700,000


VANDEMERE, N.C., Sept. 3, 2021 /PRNewswire/ -- Murray Wise Associates LLC, Kander LLC, and National Land Realty acted as broker and transactional advisors in connection with the sale of a 4,528 acre farm located in Pamlico County, North Carolina to Promised Land Opportunity Zone Farms I, LLC for $25.7 million after an extensive national sale marketing process.  The property is widely recognized as a high quality farm known for producing chipping potatoes in a desirable seasonal window.  The farm will be managed by Farmland Partners Inc.   

According to Eric Sarff, President of Murray Wise Associates, "MWA, Kander and NLR each has tremendous experience representing buyers and sellers of agricultural property, but also have a strong track record of collaborating on large projects like the sale of this farm.  The team on this assignment leveraged our firms' unique capabilities  as well as deep relationships with both the buyer and seller and produced an outstanding transaction result." 

"It is unique to find such a high quality specialty produce farm of this size anywhere in the USA today," said Ken Nofziger of Kander.  "Demand and values for farmland across different varieties and geographies have been increasing throughout the last couple of years and this sale just reinforces the strength of the current market."  

Ben Crosby of National Land Realty Florida added,  "Collectively, we are very pleased to assist two long-time clients complete a transaction on this excellent asset. Our team takes pride in delivering these opportunities, even in tight markets. We look forward to doing more business together with all parties in the future."

Murray Wise Associates LLC, headquartered in Champaign, Ill., is a leading national agricultural real estate marketing, management, and investment firm with additional offices in Naples, Florida and Clarion, Iowa.  https://www.murraywiseassociates.com

Kander LLC is a strategic and financial advisory firm dedicated to helping business owners, managers, investors, and lenders create and maximize value in a wide range of situations within the farming, food and agribusiness sectors. https://www.kanderllc.com

National Land Realty (NLR) is based in Greenville, SC and has agents in 38 states. The NLR Florida office is based in Winter Haven, FL with Benjamin Crosby as Managing Broker. National Land Realty provides a full range of land and commercial real estate services throughout the United States. https://www.nationalland.com 

SOURCE Murray Wise Associates LLC


These press releases may also interest you

at 12:55
Institute for Supply Management® (ISM®) has selected the 2024 recipients of the R. Gene Richter Scholarship, an award presented annually to the top supply management students from across the United States. Recipients were determined based upon a...

at 12:55
BAE Systems (LON: BA) received a $754 million contract award to continue producing the Armored Multi-Purpose Vehicle (AMPV) family of vehicles (FoVs) for the U.S. Army. This contract begins the second phase of full-rate production of AMPVs between...

at 12:50
Scotiabank is pleased to announce it will be recognized on The Globe and Mail's 2024 Report on Business magazine's annual Women Lead Here list for the fourth consecutive year. This annual editorial benchmark identifies top-level Canadian businesses...

at 12:47
"We are profoundly saddened at the passing of our firm's senior counsel Senator Joe Lieberman. We were honored when this great statesman joined our firm when he retired from the Senate over ten years ago. We are grateful for his many contributions to...

at 12:46
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:...

at 12:46
Olympus, a leading global medtech company providing innovative solutions for medical and surgical procedures, announced today a milestone for its iTindtm device with its availability and greater patient access through the largest healthcare group...



News published on and distributed by: