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Billionaire Campbell’s Soup heiress buys equestrian land for $14M

Billionaire Campbell’s Soup heiress buys equestrian land for $14M
The 55-plus acre property includes a dairy farm, stables and horse track
December 07, 2015 03:00PMBy Katherine Kallergis

Equestrian land that Mary Alice Dorrance Malone purchased

Updated, Tuesday, Dec. 8, 4:30 p.m.: A company managed by billionaire Mary Alice Dorrance Malone paid $14.4 million for an equestrian estate in Wellington, state and county records show.
Malone, heir to the Campbell Soup fortune, is estimated to be worth $3.6 billion, according to Forbes. The South Florida Business Journal first reported the buyer’s identity.
Meinse LLC purchased the properties at 4035, 4107, 4179 and 4219 130th Avenue South. They total 55.89 acres and include a dairy farm, horse track and stables. Glenshore LLC and Lypaca LLC sold the land. The companies are managed by Thomas and Carlos Morrison of West Palm Beach.
The Malone-led LLC also owns four other properties in Wellington: at 4221, 4271 and 4231 128th Terrace and at 4595 125th Avenue South.
Wellington is known as an international center for equestrian sports, and is home to a number of high-end equestrian estates. The city plays host to a number of horse races and championships, including the Winter Equestrian Festival — a 12-week international competition. 
In November, Douglas Elliman opened an office at the city’s Palm Beach Polo & Country Club.
An earlier version of this story incorrectly identified the buyer and some of the addresses of the parcels that sold. Glenshore and Lypaca II sold the land at 4035, 4107, 4179 and 4219 130th Avenue South to Meinse LLC, a company managed by Mary Alice Dorrance Malone.

Source: The Real Deal

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