Established in 1849, the Waggoner Ranch spans six Texas counties and covers almost 800 square miles. The 510,527-acre ranch’s asking price was $725 million; no terms were disclosed. “This is an incredible opportunity and an even greater responsibility,” said Kroenke in a press release. “We are honored to assume ownership of the Waggoner — a true Texas and American landmark — and are deeply committed to continuing the proud legacy of W.T. ‘Tom’ Waggoner, his family, and his descendants. Our gratitude to them and to the many parties involved in this process is immense. We will continue to preserve and protect this uniquely American treasure.” Joel Leadbetter of Hall and Hall and Sam Connolly, general manager of Kroenke Ranches, represented Stan Kroenke. Sam Middleton of Chas. S. Middleton & Son and Bernard Uechtritz of Briggs Freeman Sotheby’s International Realty represented the owners.
Read more about this 2015 Land Report Deal of the Century in the Spring issue of The Land Report.