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Russo Marine acquires Massachusetts property

The new location is in Hingham, Mass., on Route 3-A at the Hingham Shipyard.

Russo Marine, after recently moving its flagship store and showroom from the Boston area to the northern shore of Massachusetts, purchased a 3-acre site on the state’s southern shore.

The new location is in Hingham, Mass., on Route 3-A at the Hingham Shipyard.

“After a successful 2015 opening of our new dealership facility on the North Shore in Danvers, Mass., we began the search for a complementary opportunity on the South Shore,” Russo Marine president and CEO Larry Russo Sr. said in a statement.

“The Boston market has three, distinct boating regions; the North Shore, Boston Harbor and the South Shore,” Russo said. “Since we have established facilities on the North Shore and Boston Harbor, it made sense for a South Shore location to better serve the entire market.

“We acquired the property, which is currently the home of Eastern Yacht Sales, a longtime sailboat dealer-broker,” he said. “Eastern will be relocating later this year. We will have a sales presence this spring, and we are now working on future development plans.”

Russo Marine is a fourth-generation family business that was founded in 1940 and has locations in Boston and Danvers, Mass., and Wakefield, R.I. The dealership carries the Sea Ray, Meridian, Boston Whaler and Sailfish brands.

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