12/31/2013

Burroughs & Chapin has sold the huge-upscale Grande Dunes development to LStar Management of Raleigh N.C.  The 2,200 acre development spans from the oceanfront to west of the Intracoastal Waterway.

Included in the sale is the Members Club and it’s 18 hole golf course; the Ocean Club’s 25,000-square foot oceanfront clubhouse and pool complex; the Tennis Club’s 10 tennis courts, clubhouse and fitness center; the 131-slip Grande Dunes Marina and the Anchor Café.

The deal did not include the public Resort Golf Course, which B&C still owns, or the Marriott and the Marina Inn.

Burroughs & Chapin did not disclose the terms of the deal about the development which it began in the early 2000’s.

McConnell Golf which specializes in managing private courses, will oversee management of the club and golf operations at the Members club at Grande Dunes, Ocean Club at Grande Dunes and the Anchor Café.  McConnell was founded in 2003 and it operates about 153 holes of golf in the Carolinas, including The Reserve Golf Club in Pawleys Island.