2:00 PM
Newmark Cornish & Carey Wine Services and auction leader Williams & Williams Worldwide Real Estate Auction will commence the auction of its first property together on Friday, June 26th at 2:00 P.M. Pacific Time with the auction of award-winning Chatom Winery and Vineyards. The approximately 775-acre property will be offered in two parcels at auction with equipment and bottled estate wine inventory included for beginning immediate operations. Parcel One includes the fully operational Winery with current production averaging approximately 12,000 cases annually (permitted to 25,000 cases) and Parcel Two is comprised of the approximately 744-acre ranch with a 64-acre vineyard and residence.
“It is a pleasure working with Newmark Cornish & Carey to auction the beautiful Chatom Winery and Vineyards,” said Fontana Fitzwilson, executive vice president of Williams & Williams. “It is a true team effort that is already generating a lot of excitement in the auction community. Rarely does a buyer have an opportunity to realize the dream of winery ownership or expanded grape or wine production in a single day.”
Designed to be eco-friendly with a rammed-earth designed structure, Chatom Winery is the centerpiece of the 32-acre Parcel One which comprises a tasting room with office space and an upstairs apartment unit, crushpad, barrel room, wine cellar and catering equipment to host events in the landscaped gardens. Located at 1969 Highway 4 in Douglas Flat in the heart of California’s “Gold Country,” Chatom Winery has a loyal clientele, subscription wine club and an annual contract for third party crush services.
Located just 12 miles from the Winery in the picturesque Esmeralda Valley of Calaveras County, Chatom Vineyards is part of Parcel Two, an approximately 744-acre working ranch which also includes an approximately 4,000-square-foot main residence with swimming pool, homes for the ranch managers and hands, barns, sheds, workshops and small livestock pasture. Notably, the main residence was reportedly built on the site of the old Post Office where Mark Twain mailed his now famous manuscript, “The Celebrated Jumping Frog of Calaveras County,” Ms. Fitzwilson said. The historical site also contains Indian grinding rocks and mine claims from the gold rush days with mine shafts and antique mining equipment remaining on site.
Chatom Vineyards consists of 64 acres of approximately 30-year-old vines planted to Chardonnay, Sauvignon Blanc, Cabernet Sauvignon, Syrah, Zinfandel, Merlot, Sangiovese, Semillon and five Portuguese varietals. It sits at a 1,500-foot elevation in the Sierra Foothills Appellation of Northeastern California where hot, dry days and nightly cool mountain breezes create the perfect climate for growing premium varietals. The compact mountain valley grapes are high in quality and flavor and the wines are typically higher in alcohol, intense in flavor and pair well with most foods. Chatom Vineyards continues to produce concentrated, fruit forward wines that drink well now and develop in complexity as aged.
“We are excited to bring Chatom Winery and Vineyards to auction,” said Kevin Foster, the Newmark Cornish & Carey associate director heading the Wine Services group with Senior Managing Director Preston Smith. “Auction is the right sales approach for Chatom - a time-definite sale ensures that the seller can retire on her own timeline and our expansive and aggressive marketing outreach will bring new buyers to the table.”
The auction will take place at Chatom Winery with nominal opening bids of $500,000 per parcel. Bidders are able to attend the live auction onsite or may bid simultaneously online from anywhere around the world through Williams & Williams sister company at auctionnetwork.com.
About Newmark Cornish & Carey
A dominant regional real estate force since 1935, Newmark Cornish & Carey has an expansive reach as part of Newmark Grubb Knight Frank, one of the world’s leading commercial real estate advisory firms. Regionally, Newmark Cornish & Carey has more than 280 agents in 13 strategically located offices throughout Northern California, creating a powerful platform from which to deliver superior services locally, while upholding its core values of integrity and knowledge. For further information, visit www.newmarkccarey.com.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,000 professionals operate from more than 330 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
About Williams & Williams
Williams & Williams (www.williamsauction.com) is a worldwide real estate auction firm and the leader in global live and interactive auctions. With more than a century of experience, Williams & Williams provides a broad range of real estate services to private, public and institutional sellers interested in the benefits of time-definite sales solutions that deliver the best value. A full-service brokerage with an operating footprint in all 50 United States and U.S. Territories, Williams & Williams also cooperatively partners with residential, commercial and land brokers to auction properties throughout the United States and abroad.
About Auction Network
www.AuctionNetwork.com is a subsidiary of Williams, Williams & McKissick, LLC, whose holdings include Williams & Williams. Auction NetworkTM is a 24-hour global broad-b nd television network that lets bidders participate from anywhere in the world, on any device during live and online auctions.