Huneeus Vintners buys 161-acre vineyard east of Napa for $24 million
September 05, 2017
Huneeus Vintners has purchased a 161-acre vineyard east of Napa for $24 million, according to public records.
The deed, signed on Aug. 15, indicates the property was transferred from SPP Napa Vineyards LLC, an entity of Westchester Group Investment Management Inc., to a company named “1455 Coombsville Road LLC.”
“1455 Coombsville Road LLC” is registered with the California Secretary of State to 1040 Main Street, suite 204, in Napa, where Huneeus Vintners’ offices are located, according to the state agency’s website.
The company, owned by the Huneeus family, leased the property on Coombsville Road from SPP Napa Vineyards LLC. The vineyard is planted with about 110 acres, according to Napa County records.
Representatives for Huneeus Vintners and Westchester Group Investment Management Inc. could not be reached to comment on the sale. Westchester, a division of TIAA, the giant pension fund, has offices in Napa.
Huneeus Vintners owns Quintessa and other brands, including “Faust.”
In 2016, Huneeus Vintners created a stir in the wine industry when it sold The Prisoner to Constellation Brands for a reported $285 million, according to press reports.
Huneeus Vintners then purchased VML winery in Healdsburg in July. The Russian Valley winery has now relocated to a sister winery on Dry Creek Road, according to news reports.
In November, Huneeus Vintners purchased St. Clement Vineyards near St. Helena from Treasury Wine Estates. That winery remains closed.
Huneeus Vintners has a pending application with the California Department of Alcoholic Beverage for that address. The business name on that application is listed as “Faust.”