Hess Collection Purchases Iron Corral Vineyard

May 6, 2019

(WB) - The Hess Collection has expanded its portfolio with the purchase of a vineyard in east Napa County from a Texas pension fund.

The Pope Valley property, known as Iron Corral vineyard, is 420 acres, 186 of which are planted primarily in Cabernet Sauvignon, according to the company. The Hess Collection purchased the land from the Dallas Police and Fire Pension System.

The Hess Collection did not disclose the purchase price for the property; however, public records indicate the land sold for $23.5 million. Escrow closed May 1, according to The Hess Collection. The deed was recorded Wednesday in Napa. 

The Hess Collection’s holdings until now included 455 planted vineyard acres in Napa County. With the purchase, the company now owns 872 arable vineyard acres in the county, according to the winery. 

The acquisition of Iron Corral Vineyard is part of a long-term strategy to expand its holdings in Napa County and zero on the production of luxury-priced wines, according to a company written statement.

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