Growing marina portfolio now includes Hi-Lift Marina in Aventura, Hidden Harbour in Pompano Beach and Palm Harbour in Cape Haze
Southern Marinas Holdings LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced today the purchase of Hi-Lift Marina in Aventura; Hidden Harbour in Pompano Beach; and Palm Harbour in Cape Haze. The premier Florida locations were acquired from Aqua Marine Partners LLC in a deal that brings the growing Southern Marinas portfolio to 10 properties.
Located just off the Intracoastal Waterway in Aventura, Florida, between downtown Ft Lauderdale and Miami, Hi-Lift Marina is a historic landmark marina that features full-service dry storage operations and a showroom of new boats, a boat club and yacht brokerage facilities.
Hidden Harbour is the newest full-service dry storage marina in Pompano Beach, Florida. It can accommodate boats up to 43ft and is capable of withstanding hurricane-force winds up to 140 miles per hour (Category 4). In addition, the marina will soon be neighbours with a vibrant new community being developed by Andy Sturner, CEO of Aqua Marine Partners. This mixed-use development will feature apartments, restaurants and retail and commercial tenants.
“I am delighted to be working with the Southern team as our development moves forward. I have known the principals of Southern for many years, and this will be an ideal situation for both of our organisations,” said Sturner.
Palm Harbour is a boutique, resort-style marina, situated just minutes from Boca Grande Pass – home to the world’s best tarpon fishing. The property features dry stack storage for vessels up to 40ft and the marina’s wet slips can accommodate boats up to 65ft.
“We are excited to add Hi-Lift, Hidden Harbour and Palm Harbour marinas to our rapidly growing portfolio,” says Andrew Gendron, principal and chief investment officer with Southern Marinas. “Our overall goal is to continue to expand the Southern Marinas brand through the purchase of key locations. Our team is always on the lookout for new and exciting opportunities like this one from Aqua Marine.”
While the marinas are currently open and running as normal, Southern’s management team will continue to monitor all government updates on the COVID-19 pandemic. The marinas will be implementing the protocols outlined by these agencies with the primary goal of providing a safe environment for boaters and team members at their locations.