Marina owner, operator and developer Port 32 Marinas acquired the Marina at Ortega Landing in Jacksonville, Fla., which is part of a community development.
Located in a protected cove near the confluence of the St. Johns and Ortega rivers, the marina is composed of 192 slips and can accommodate boats to 130 feet. The new owner plans to rename the facility Port 32 Jacksonville.
“The Marina at Ortega Landing … fits well into our portfolio of Class A marina assets,” Port 32 Marinas CEO Joe H. Miller IV said in a statement. “We believe we are buying the best wet-slip marina in the Jacksonville market both from a physical plant and amenity standpoint.”
The marina is part of a community development and includes a pool, a clubhouse, grilling areas and on-site security. With its Florida investments in Palm Beach Gardens, Fort Lauderdale, Tampa and Tierra Verde, Port 32 now owns 8 marinas in Florida and manages 3 marinas in Charleston, S.C. The company offers more than 4,300 dry and wet slips, and approximately 140,000 square feet of commercial tenant space.
Steven Fass of Bixby Bridge Capital, which has owned Ortega Landing since 2010, said Port 32 is the right fit for the facility.
“We have great confidence that Port 32 will manage this facility exceptionally well, which is a key reason that led us to sell the marina to [them],” Fass said. “We're glad to see a like-minded operator focused on continuing our tradition of delivering remarkable experiences in a resort-like marina setting.”