news 6 days ago

National Land Realty Partners with J. P. King Auction Company to Sell Pine Grove Plantation

The Associated Press

GREENVILLE, S.C.--(BUSINESS WIRE)--May 16, 2019--

National Land Realty (NLR), a full-service real estate brokerage company headquartered in Greenville, SC, is pleased to announce that Pine Grove Plantation in South Carolina was recently sold by auction in partnership with J. P. King Auction Company.

Pine Grove Plantation, located in Camden, S.C., is an almost 200-acre plantation and the birthplace of the S.C. state dog, the Boykin Spaniel. The property features a fully restored home, guest house, 9-acre stocked pond, 2 barns, a horse pasture, dove field, quail woods, managed loblolly pine woods, hardwood bottomland and a pecan orchard.

Jason Burbage, NLR vice president/South Carolina managing broker, and Tyler Stone, South Carolina land professional, worked together with NLR’s exclusive auction partner, J. P. King Auction Company, to put Pine Grove Plantation for sale by auction on March 7, 2019. Over 40 people attended the event that included live music and food.

“Properties like Pine Grove Plantation can be very challenging to sell and the buyer pool for them is small,” Burbage said. “Prior to National Land Realty taking the listing, Pine Grove had been listed with 2 different traditional, residential brokerages. The sellers had reduced the asking price multiple times and were not open to dropping it any lower. Once we had the property listed, we recognized the opportunity to sell the property by auction and brought in our auction partner, J. P. King. After this shift in strategy, we created 12 property viewings over a 30-day period and successfully sold the property.”

About National Land Realty

National Land Realty  is a full-service real estate brokerage company specializing in farm, ranch, plantation, timber and recreational land across the country. Founded in Greenville, S.C. in 2007, the company now has numerous offices spanning the United States. To learn more, visit  www.nationalland.com  or call (855) 384-5263.

About J. P. King Auction Company

As an independent premier real estate auction firm, J.P. King Auction Company pioneered the use of auctions for developers, land and luxury real estate and non-distressed clients. J. P. King's portfolio includes auctioning over a million acres of land, ranches and farms located throughout all 50 states. The firm has sold and closed billions of dollars’ worth of property through its auction events.

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CONTACT: Lizz Pingry

Marketing Director

(864) 331-1600

KEYWORD: UNITED STATES NORTH AMERICA SOUTH CAROLINA

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: National Land Realty

Copyright Business Wire 2019.

PUB: 05/16/2019 11:27 AM/DISC: 05/16/2019 11:27 AM

http://www.businesswire.com/news/home/20190516005820/en