Riverwatch Marina and Bradenton Boat Club were sold to Southern Marinas Holdings in May

Southern Marinas Holdings, a new partnership between 70-year-old Palm Beach, Florida-based Southern Marinas and a New York investment firm, completed the purchase of two Florida properties in May.

Riverwatch Marina in Stuart, with 368 dry and wet slips, a comprehensive marine service department, fuel dock, boat brokerage and a boat club, closed in Mid-May while the purchase of Bradenton Boat Club in Cortez was finalised at month’s end. The marina features 345 slips with valet boat service, an onsite service department, fuel dock, and boat brokerage.

“We are fortunate to acquire such a wonderful asset in a great boating market,” said Andrew Gendron, principal and chief investment officer with Southern Marinas in a statement. “Riverwatch Marina is the perfect addition to our growing portfolio of marinas that will extend our footprint into the Florida market.

“As Southern Marinas continues to expand its presence in the Florida market, we view the acquisition of Bradenton Boat Club as a welcome addition to our growing portfolio of best-in-class marinas,” Gendron said.