"We are very pleased with this sale,” said Scott Shuman of Hall and Hall Auctions. “I think the auction process exceeded the expectations of nearly all parties involved."
Dallas, TX (PRWEB) September 15, 2011
One of Texas’ largest and most historic ranches, the 10,600 +/- acre Camp Cooley Ranch in Franklin, TX, sold for $28.5 million at auction to Circle X Land and Cattle. The ranch, centrally located between Dallas and Houston, boasts incredible rolling topography, lakes, wildlife, wetlands, and a 1,000‐acre exotic game preserve once frequented by President Lyndon Johnson and Texas Governor John Connally. For more information on this sale, contact Scott Shuman, head of Hall and Hall Auctions, at 1-800-829-8747 or http://www.hallhall.com.
“We are very pleased with this sale,” said Shuman. “I think the auction process exceeded the expectations of nearly all parties involved.”
Twenty-two qualified bidders along with their families, attorneys, lenders, and consultants attended the private auction. The $28.5 million sale price included surface and mineral/royalty interests. All equipment and personal property was offered through a separate transaction.
Known for years as one of the nation's top purebred cattle operations, Camp Cooley Ranch includes lush grasslands, mineral rights and wetlands. The ranch has three sets of cattle working facilities, a sale barn, offices, and a main house with 8,590 square feet, six bedrooms and 7½ bathrooms, as well as three smaller brick homes and five wood-frame homes.
To see a video of Hall and Hall auctioning the ranch, click here.
About Hall and Hall:
Hall and Hall was formed in 1946 as an agricultural mortgage company, and has since branched out into farm and ranch brokerage, auctions, appraisals, resource management and enhancement, retained search, and consultation on conservation easements and stewardship plans. Hall and Hall has emerged as the largest full service rural real estate firm in the Rocky Mountain West and Great Plains regions, managing more than 800,000 acres of land, and servicing a loan portfolio of more than $400 million. A unique partnership between its offices in Montana, Wyoming, Idaho, Texas, Kansas, and Colorado ensures that the client receives local knowledge and personal service as well as the international perspective needed to make informed acquisition and management decisions.