SOURCE: Murray Wise Associates LLC

Murray Wise Associates LLC

May 18, 2011 15:26 ET

South Dakota Ranch Sells for $1.7 Million

RAPID CITY, SD--(Marketwire - May 18, 2011) - A 2,485-acre ranch in South Dakota's Pennington County sold for $1.7 million, with Murray Wise Associates managing the sale.

The ranch, previously known as the Gordon and Connie Howie Ranch, sold as an entirety to a single buyer.

"We are very pleased to have achieved a positive result that satisfied the needs of the lender on this property. With today's strong prices on agricultural properties, we continue to see that this is both an excellent time to invest and an excellent time to sell and realize long term profits," said Murray Wise, president of the company.

Gordon and Connie Howie said that "it has always been our intention to pay our debt, and we are thankful that this sale satisfied the lender and made it possible."

About Murray Wise Associates LLC
Murray Wise Associates LLC, headquartered in Champaign, Illinois, with additional offices in Florida and Iowa, is a leading national agricultural real estate marketing and auction company. The company also manages farmland assets for individual clients in Iowa, Kansas, Kentucky, Missouri, Minnesota, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin. More auction information.

Contact Information

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    Carl Carter