Topgolf property buyer, sale price made public - Albuquerque Journal

Topgolf property buyer, sale price made public

An aerial view of Albuquerque’s Top Golf location at 1600 Desert Surf Circle NE. (Roberto E. Rosales/Journal)

The property housing Albuquerque’s Topgolf location sold below the list price last month to a Nevada-based limited liability corporation, according to the broker representing the buyer.

Ami Meng, transaction manager for real estate brokerage Marcus & Millichap, told the Journal the property was sold in October to an entity known as TG Albuquerque LLC.

The entity is registered at 9811 W. Charleston Blvd. in Las Vegas, Nevada, with Michael Wang-Lu and Frank Wang-Lu listed as managers, according to the Nevada Secretary of State’s office. The pair were listed as managers of several other Nevada limited liability corporations, according to the state agency.

Meng said the property sold for just over $15.3 million after being listed on the real estate website LoopNet in September for $16 million. The sale was finalized Oct. 21, Meng said.

Topgolf’s first New Mexico location opened at 1600 Desert Surf Circle NE in February. The Texas-based company operates climate-controlled sports entertainment complexes where customers play a variety of games using micro-chipped golf balls.

A package of city and county incentives totaling $4.3 million helped support the development. Albuquerque Mayor Tim Keller vetoed the city’s incentive package before the City Council overrode the veto in August 2018, according to previous Journal reporting.

Home » ABQnews Seeker » Topgolf property buyer, sale price made public


Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

1
Son of man suspected of killing Muslim men arrested ...
ABQnews Seeker
The son of the man suspected ... The son of the man suspected of shooting Muslim men around the city has been federally charged with providing a false address when he ...
2
I-25 Studios to become Cinelease Studios
ABQnews Seeker
It's official. After years of being ... It's official. After years of being for sale, I-25 Studios is becoming Cinelease Studios. The deal was announced on Wednesday as the longtime company ...
3
Man fatally shot at park in Santa Fe
ABQnews Seeker
A 60-year-old man was shot to ... A 60-year-old man was shot to death at a park early Wednesday morning in Santa Fe. Santa Fe Deputy Chief of Police Benjamin Valdez ...
4
Police arrest suspect in killings of Muslim men
ABQnews Seeker
Man from Afghanistan charged in two ... Man from Afghanistan charged in two of four homicides
5
Eisenhower sixth graders get a jump on the school ...
ABQnews Seeker
Newcomers are getting help from the ... Newcomers are getting help from the big kids on campus
6
Man arrested in suspected DWI crash that killed a ...
ABQnews Seeker
Victims were hit by a truck ... Victims were hit by a truck that ran a red light while speeding on Lomas
7
Rain revives Rio Grande flows
ABQnews Seeker
Extra water has helped restore consistent ... Extra water has helped restore consistent irrigation
8
Ronchetti rally to feature Gov. DeSantis
2022 election
Republican Ron DeSantis, the governor of ... Republican Ron DeSantis, the governor of Florida and a potential 2024 presidential candidate, is set to appear at a rally for Mark Ronchetti's gubernatorial ...
9
Guadalupita man charged with vehicular homicide
ABQnews Seeker
Passenger died after truck was driven ... Passenger died after truck was driven into water