Southern Marinas Holdings LLC, a partnership between a New York-based private investment firm and Southern Marinas, announced the purchase of Hi-Lift Marina in Aventura, Fla.; Hidden Harbour in Pompano Beach, Fla.; and Palm Harbour in Cape Haze, Fla.
These locations were acquired from Aqua Marine Partners LLC in a deal that brings the growing Southern Marinas portfolio to 10 properties.
The Hidden Harbour Marina in Pompano Beach will soon be neighbors with a vibrant new community being developed by Andy Sturner, CEO of Aqua Marine Partners.
“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 organizations,” said Sturner in a statement.
The company is touting boating as the perfect outdoor activity while socially distancing due to COVID-19.
While the marinas are currently open and running as normal, Southern’s management team will continue to monitor all government updates on the pandemic, according to the company.
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.