Local Partnership Wins Landmark Golf Club

SAN ANTONIO-A local partnership has beat out eight other offers for the 18-hole Quarry Golf Club, paying north of $11 million for the local landmark north of the Downtown. The new owner is G-C Quarry Holdings Joint Venture Ltd.

Jeffrey Hollinden, managing director for Holliday Fenoglio Fowler LP’s Houston office, says the 167-acre golf course at 444 E. Basse Rd. was built over a rock quarry and neighbors the 580,000-sf Alamo Quarry Market, an open-air lifestyle center. Hollinden and HFF associate director Barbara Guffey represented the seller, a local joint venture led by developer Concord Property Corp.

Hollinden says the golf course and lifestyle center are popular destinations. “It’s a stop for tourists if they’re golfers,” he says. “They’ll go to The Alamo, the Riverwalk, Six Flags, then play golf at the Quarry Golf Club.” The Quarry Golf Club also has a driving range, putting green, pro shop, events room and the Back 9 Grille Restaurant. The course is surrounded by high-rise luxury apartments.

The course was designed by Keith Foster and developed by the seller in 1993. The asset was the seller’s only holding and sole golf course development.

Hollinden tells GlobeSt.com that the property attracted numerous offers, with the buyer ending up with it because of its locale and familiarity with the course. “I’m sure they’ll make some changes and put their own stamp on the club, but there really aren’t any upgrades required,” he adds.