Under Armour co-founder seeks $13.5 million for scenic Pennsylvania lodge
Under Armour co-founder Kip Fulks, who is on sabbatical from the company, has listed his historic estate near the town of St. Marys, Penn., for sale at $13.5 million.
Known as North Fork Lodge, the 7,150-acre estate is among the largest Pennsylvania properties owned by a private individual, according to the listing.
Bordered on three sides by state-operated forest and game lands, the rural property consists of a collection of historic buildings, including a 1920s stone lodge. Kitchen and dining facilities, a ski chalet and an accessory building are among the other structures. The buildings combine to accommodate more than 30 guests.
Exterior amenities cater to outdoorsmen and include a brook trout, a main lake and a pond stocked with bass. A ski/sledding slope and skeet and trap shooting areas also lie within the property.
To navigate the estate, there is a private road system consisting of roughly 150 miles of roads and several new bridges.
Keith Lenard of Hall & Hall holds the listing.
Fulks, 44, co-founded the sportswear brand in 1996 with CEO Kevin Plank. He has held several roles with the company, including chief product officer and strategic advisor.
It was announced last month that Fulks was taking a leave from the Baltimore-based company, a benefit available to employees with 10 or more years of service, according to the Baltimore Sun.
News of the sabbatical came roughly two months after Under Armour cut 2% of its global workforce. Last month, the company saw its shares lose almost a quarter of their value after reporting a drop in sales in the third quarter of 2017.
Twitter: @LATHotProperty
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