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The $15 million sale of Martha Clara Vineyards in Riverhead to the Rivero-González family—a Mexican wine producer in Parras, Coahuila—was announced last Wednesday. The sale closed on April 20.
“The Rivero-González family has 15 years of experience in the Mexican wine industry and is excited about this acquisition, which will help the members of the family expand their interests beyond Mexico,” said María Rivero, who was appointed CEO of the acquisition.
The 205-acre farm, including the 113 acres of grapevine, nine barns, three cottages, manor house, a wine club gallery, event and tasting rooms, and culinary education center, were included in the sale.
In 1978, when the Entenmann family bakery giants agreed to sell the famous Brooklyn-based bakery, Robert Entenmann had bought a Riverhead potato farm and transformed it into a thoroughbred race farm: Big E Farm. Mr. Entenmann decided to plant 18 acres of vineyard. He then planted 100 additional acres of vine over the following four years. Mr. Entenmann named the winery after his mother, Martha Clara. His family also owned a home in Montauk—where he kept his boats. Mr. Entenmann died in September 2016.
Now, the property is in the hands of María Rivero.
“Likewise, the Riveros are willing to work with the local community in order to encourage and enhance the legacy of the former owners of Martha Clara Winery in a successful way,” Ms. Rivero said.
The sale of Big E Farm and Martha Clara Vineyards is the second-highest real estate transaction in North Fork history, behind The Corcoran Group’s sale of a 135-acre estate that closed for $19.5 million in 2008, which was also brokered on both sides by Sheri Winter Clarry.
First Long Island Investors managed the sale of Martha Clara Vineyards and Big E Farm for the Entenmann family. The firm has been the Entenmann family’s wealth adviser for decades.
“Martha Clara Vineyards is a part of the Robert Entenmann legacy and while we are sad to see it change hands, we believe this is appropriate for the family at this time and wish the new owners the best of luck with this gem of a property,” said First Long Island Investors CEO Robert Rosenthal.
on Apr 25, 2018