Safe Harbor Marinas said it acquired Grand Isle Marina in Grand Haven, Mich., about a three-hour drive from Chicago and Detroit.
Located along 21 miles of inland waterway and minutes from Lake Michigan, Grand Isle Marina has 400 permanent boat slips and about 150 dry racks.
Safe Harbor Marinas said it is seeking to strategically expand and diversify its inland and coastal marina portfolio. The company said one of the key reasons the company acquired Grand Isle Marina is its proximity to another marina that Safe Harbor owns along the same waterway.
The company projects that the common ownership will help develop transient boating opportunities in the region. Grand Isle Marina is the company’s second property in Michigan and its fourth in the Great Lakes region.
“We are thrilled to welcome Grand Isle Marina into our growing portfolio. The property has developed the reputation of being the boaters’ utopia of the Midwest, and as such is the perfect fit to join our collection of high-quality marinas,” Safe Harbor Marinas vice president of investments Jason Hogg said in a statement.
“We know many boaters have a sense of adventure and would like the opportunity to explore more waterways or take longer boating trips. Bringing Grand Isle Marina into the Safe Harbor family creates more of those opportunities in the Great Lakes region, and we plan to further expand our presence in the area.”
Safe Harbor Marinas said it owns and operates 36 properties in 14 states.