Updated 9/26 to include additional information

Topgolf Germantown is now under new ownership, according to a Washington Business Journal report.

The Germantown Topgolf property was listed back in July by Frederick-based Matan Cos. for just under $26 million and though details for the sales price are not currently available, it did make its listing price (a little over $25.5 million) in the sale to a California developer.

The sale doesn’t put the location in danger of closing, as Topgolf has sold many locations that have continued to successfully operate recently. The Doral, Florida property sold for $41.86 million in early summer, according to the South Florida Business Journal, and a location in Richmond, Virginia sold for $32.3 million earlier this year, Richmond BizSense reported.

Germantown also ranks 15th out of 55 Topgolf locations for traffic, according to the Business Journals report.

The location is owned and operated by Calloway Golf Co., which merged with (acquired) Topgolf Entertainment Group in a deal that was announced in October of 2020.

According to Biz Journals, the land that goes with the Germantown Topgolf acquisition is zoned to allow for more than 1 million square feet of dense development, including office, restaurants, hotels and multifamily, which made it an even more attractive deal for the California investor.