The Conservation Fund Acquires Richmond Ranch Land In Santa Clara Valley For $16M

The Richmond Ranch, a 3,654-acre property located near San Jose in the Santa Clara Valley, has been sold in a recent transaction. The buyer of this land, valued at $35 million, is Larry Selzer representing The Conservation Fund (TCF), while the seller is Zhang Li from Z&L Properties. The transaction was facilitated by brokers David Wientjes, Scott Vix, and Skip Whitney from Kidder Mathews. The sale price for Richmond Ranch was $16 million, indicating a significant discount from its appraised value.

Summary of transaction details

• Property Type: Land
• Transaction Amount: $16,000,000
• Address: Richmond Ranch
• Market: Santa Clara Valley
• ACRES: 3,654

This deal stands out as a testament to Z&L Properties' commitment to conservation over profits. The Conservation Fund (TCF), represented by Larry Selzer, acquired the property with the support of the Gordon and Betty Moore Foundation and the Wildlife Conservation Network. By facilitating this transaction, Kidder Mathews played a key role, ensuring the successful completion of the deal between the buyer and seller.