Christie's International Real Estate Affiliate LandVest Brokers Record Sale of Adirondacks Property to International Businessman Jack Ma

BOSTON, MA - Christie's International Real Estate affiliate LandVest has announced the U.S. $23 Million sale of Brandon, a roughly 28,120-acre property in the Adirondacks of upstate New York. Associates Vincent McClelland and Gary Bahlkow of LandVest represented the seller in the transaction. The buyer is Chinese billionaire Jack Ma, co-founder of the e-commerce site Alibaba.

The expansive property epitomizes one of the classic Adirondack preserves that was established in the early 1900’s by successful industrialists and incorporates everything necessary for a top-notch wilderness experience, including crystal-clear waters and one of the finest brook trout fisheries in the eastern United States.

Brandon garnered worldwide interest from institutional investors and kingdom buyers. The subsequent flurry of interest turned into multiple offers, and the property ultimately sold above the asking price. At $23,000,000, the property will go on the record as the highest-priced sale in the Adirondacks -- and appears to have set a new luxury real estate record for northern New England.

“LandVest was particularly well-suited to broker this deal,” said Ruth Kennedy Sudduth, Vice President, LandVest Residential Brokerage division, an affiliate of Christie’s International Real Estate. “LandVest has facilitated sales in the Adirondack region for more than 40 years and our associates know the property well.”

LandVest knew the value of this property transcended the spectacular vistas, the multiple lakes, the classic Great Camp, even the many millions of dollars of timber that abundantly stocked the property. Engaging LandVest's team of experts in timberland, luxury real estate, and trophy properties helped provide a disciplined, rigorous basis for both the record asking and sale price.

“We worked hand-in-hand with LandVest and our partners at Christie’s International Real Estate to reach a sophisticated global audience, essentially bringing competition from both financial centers to a word-class property,” added Kathleen Coumou, Senior Vice President of Christie’s International Real Estate. “This parcel offers the rarest of commodities: peace, quiet and complete privacy.”

Both seller and buyer are pleased with the sale, and through their attorneys, both parties have requested confidentiality.

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About Christie’s International Real Estate

Christie’s International Real Estate is an invitation-only affiliate network composed of the world’s most proven and qualified real estate specialists in the luxury residential sector. The company has offices in London, New York, Hong Kong, Beverly Hills, and Palm Beach, and 140 global affiliates with 32,000 real estate professionals in 46 countries.  For additional information about Christie’s International Real Estate, please visit www.christiesrealestate.com.

About LandVest

LandVest provides comprehensive services to owners and buyers of high-quality residential, investment and timberland properties. New England based and founded in 1968, LandVest services include real estate consulting, marketing and sales, forestry consulting and forest management. LandVest is an affiliate of Christies International Real Estate and has achieved record sales throughout New England.  LandVest provides residential sales services throughout New England, Timberland sales and consulting services nationally, and LandVest provides Real Estate consulting services internationally.  For additional information about LandVest visit www.landvest.com.