An official Call for Offers and expressions of interest campaign will open Mar. 28 for the 2,300-acre Adena Springs Farm in Lexington, which was listed for sale last summer for $55 million. The campaign will conclude May 6, with final bids due by May 15.
Icon Global is handling the campaign and will issue final sale process and campaign details by Mar. 28. The sealed bidding and offer process guidelines to be released will include a buyer’s ability to submit offers via Stalking Horse Bids, Sealed Bids, or Conventional Private Contract formats within the expressions of interest received on or before the closing deadline. The seller will reserve the right to negotiate and accept early offers at any time prior to the campaign close of May 15.
Buyers will be able to choose a single sale opportunity or choose from any combination of one or more subdivision parcels together with various barns, pastures, amenities, and improvements.
The farm, which was built in 2007, includes 20 barns and over 250 stalls.