High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Boston & New England CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Boston & New England  + Metro Boston  + Hospitality  | 

Rockland Trust Lends on Acquisition of Kingston Country Club

Rockland Trust financed the acquisition of Indian Pond Country Club (IPCC), a private championship golf club in Kingston, MA. The buyer, Bobby Palma, is a Kingston native, longtime IPCC member and South Shore entrepreneur with deep ties to the region. The Boston Business Journal reported the sale price as $12 million.

“IPCC has been a special place for me for many years, not only as a member, but as someone who grew up here in Kingston and cares deeply about this community. Owning the club is both a personal honor and a significant responsibility,” said Palma.“I’m grateful to Rockland Trust for their partnership and support in helping make this vision a reality.”

Founded in 2001, IPCC is set among wooded conservation land and the Indian Pond Estates residential community. Indian Pond’s experienced management team will continue to oversee daily operations across golf, dining, events, and facilities.

Connect

Inside The Story

Rockland Trust

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing