Split into a northern and southern portion, NRG’s total holdings consist of approximately 9,938 acres located between Highways 31 and 287 and bordered by the Trinity River to the west. The northern edge of the property sits about 75 miles
southeast of Dallas, Texas, just south of the town of Malakoff. Owned by an NRG subsidiary, Texas Genco Services, LP, the site was originally purchased by Houston Lighting & Power (HL&P) for construction of a coal mine and power plant, though
the project was never built. Through several acquisitions HL&P was eventually acquired by Texas Genco.
NRG has no current or future development plans for the site and has sold several portions of the property in recent years. The majority of the property is leased for cattle grazing and agricultural purposes. While some plugged oil wells do exist on
site, previous owners made extensive mineral reservations leaving only small fractional ownership of oil and gas rights with Texas Genco. Additionally, North American Coal Company retained all coal and lignite rights prior to Texas Genco ownership. Documented by NRG, brine leaks from a pipeline operator do exist on a portion of the property.
Acreage (Deeded & Leased)
Tracts 2 – 4 Grouping
Tracts 5, 6 and 7
Tracts 9 – 12
Tracts 13 – 16
Summary of Terms:
- A 6% buyer's premium will be added to the final bid price(s) to determine the total contract price(s).
- A 10% earnest money deposit of the total contract price will be due immediately from all successful bidders.
- The property is being sold "AS IS, WHERE IS" and without any contingencies including financing.
- Closing will be set 45 days from the auction date or as soon thereafter as closing documents are available
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“Most brokers have a strong sense of independence, so brokerages work around that, but Hall and Hall is not about the one working alone—their strength and longevity is built on the group, on the family,” explains Tyler Jacobs. “It’s the basic fundamentals and traditional values that we’ve thrived on since the company was founded back in 1946.”
Our Hall and Hall broker, Randy Shelton, kept us in the loop as though it were. Our sale hinged on that of larger surrounding parcels, and when an initial offer fell through, Randy went back to the drawing board and found a suitable buyer who shared our values. That meant a lot to us, as our property had been in the family for more than 100 years.
From the first time I walked through the door, I sensed Hall and Hall’s highest goals were to understand who I was and build a relationship, to understand what made my property special, and to find the buyer. Their discipline and focus was apparent. Throughout the entire process, their approach towards reality was different from the experiences I have had previously. Genuine would be the word I would use to describe everyone at Hall and Hall.
I interviewed 4 agents and selected Hall and Hall because of the agency’s reputation for expertise in high end ranch property and global marketing. I had the pleasure of working with Tim Murphy on the sale of a family property in the Paradise Valley, Montana. We believe he represented our family interests well and contributed to the integrity of the property by joining together buyer and seller and a shared love for this special place in our lives.
Bill McDavid was an outstanding and very patient partner in this sale. His expertise in the market and marketing of the property was excellent. I would use him again in a heartbeat to either buy or sell a ranch property.
“Guns, bear spray and handsaws: These aren’t the tools of your average luxury real-estate agent. But ranch brokers like Mr. Murphy, a Bozeman-based partner at Hall & Hall, occupy a unique and increasingly challenging niche in the world of multimillion-dollar property.”
“When it was time to invest in a ranch for our family, we knew we needed to work with Hall and Hall. The expertise is unsurpassed.”
In 1988, Joel Leadbetter became a partner at Hall and Hall where he has been instrumental in completing complicated, high-profile deals such as the recent sale of Texas’ historic 512,000-acre Waggoner Ranch.
“The professionalism, preparation, and overall positive demeanor exhibited… were truly impressive… I have never before worked with a more dedicated, knowledgeable, and level-headed sales professional.”
I had been looking for the right property for several years and Elliott Davenport’s insight into the quail plantation market and his ability to think strategically was instrumental in helping me find our new place. Elliott was helpful on all technical aspects of contracting and due diligence. His post closing help with hiring and contractors made the process much easier as well.
I have purchased 4 ranches through Hall and Hall over the past 20 years, and there is simply no other team in the world like them. They have navigated complexity, professionally attended to every detail, operated with fairness and integrity, and demonstrated an unwavering commitment to me– whether representing me or the person on the other side of the deal.
Having been in our family for 70 years, selling Loveridge was a big decision for our family and we needed the right person to walk us through this process. Elliott Davenport has exceeded our expectations and represented our family very well through this sale. His depth of knowledge for the Red Hills, his critical thinking, intimate understanding of the market, and honest approach has made this process very pleasant and rewarding for us. Simply, he gets it and that has served us very well.
Positioning a high-end Luxury Farm in the market to maximize Seller value requires a special set of skills along with a true understanding of the audience. Having a National presence and the knowledge of how to market into that audience is key to executing a successful transaction. Elliott Davenport of Hall & Hall and his team of seasoned professionals are uniquely qualified to deliver these results. They exceeded our expectations! We could not be more thrilled with their performance.
“Having spent the last 18 months immersed in the process of (successfully) selling a large family sporting property, I can’t imagine going through it without Elliott Davenport. His incredible knowledge of the market, deep understanding of and appreciation for our land, thoughtful and resourceful guidance throughout the process, tenacious attention to detail, and his collaborative approach with our on-site land management staff was nothing short of invaluable. He came to us highly recommended by fellow landowner friends, and now it is easy to see why. I and my family would not hesitate to recommend him in a heartbeat to anyone.”