VINTAGE WINE TRUST INVESTS IN OREGON WINERY
Vintage Wine Trust announced it has made its first investment outside of California, with the purchase of the Farmer Road Vineyard in Oregon. The property, located in the Willamette Valley AVA, was purchased for $1.27 million.
The Farmer Road Vineyard consists of 45 total acres, 37.5 acres of which are planted vineyard, and 5 acres which will be planted in Spring 2008. The property is leased to A to Z Wineworks ("A to Z"), the largest wine producer in Oregon. The vineyard is planted predominantly to Pinot Noir and Chardonnay which A to Z will use in its own brands including Rex Hill. The initial lease term runs through December 31, 2016, with three five-year options to extend the lease.
The Farmer Road Vineyard consists of 45 total acres, 37.5 acres of which are planted vineyard, and 5 acres which will be planted in Spring 2008. The property is leased to A to Z Wineworks ("A to Z"), the largest wine producer in Oregon. The vineyard is planted predominantly to Pinot Noir and Chardonnay which A to Z will use in its own brands including Rex Hill. The initial lease term runs through December 31, 2016, with three five-year options to extend the lease.
posted at 1:38 PM
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