Shutts Team Helps Grow Southern Marinas Portfolio in $50 Million Transaction

Business

Shutts & Bowen LLP attorneys recently represented Southern Marinas Holdings, LLC (“Southern Marinas”) in its acquisition of three premier Florida properties, in a transaction totaling more than $50 million. On March 17, 2020, Southern Marinas announced its growing marina portfolio. The acquisition from Aqua Marine Partners, LLC brings their total properties to 10, with the newly added Hi-Lift Marina in Aventura, Hidden Harbour in Pompano Beach and Palm Harbour in Cape Haze. The purchase of key locations such as these three new additions has been instrumental in expanding Southern Marinas’ brand and overall growth. The team of Shutts & Bowen attorneys, acting as co-counsel for the purchasers, included Sarasota partners John Patterson and Leah J. Zammit, West Palm Beach partner Matthew R. Chait, Tampa partner Deborah A. Getzoff and Miami partner David J. Coviello. The Shutts & Bowen responsibilities included real property, environmental and land use matters, in addition to assisting in the closing of the acquisition. The Shutts team also worked on the acquisition with co-counselors Mike Sim of Haile, Shaw & Pfaffenberger, P.A. in North Palm Beach, and Todd A. Caraway with Moore & Van Allen in Charlotte, North Carolina. The timing of the acquisition coincides with an increase in boating activity, as people across the State of Florida choose to practice social distancing through acceptable recreational settings. While the marinas are currently open and running as normal, Southern Marinas’ management team will continue to monitor all government updates on the COVID-19 pandemic. The marinas will be implementing protocols and closures outlined by state and local agencies with the primary goal of providing a safe environment for boaters and team members at their locations.

« View The Tuesday Mar 31, 2020 SRQ Daily Edition
« Back To SRQ Daily Archive

Read More

Clive Daniel Home Transforms Homes by WestBay's Newest Models

Clive Daniel Home Transforms Homes by WestBay's Newest Models

Mar 18, 2024

WINDOOR and PGT Products Prominently Featured on HGTV’s Rock the Block

WINDOOR and PGT Products Prominently Featured on HGTV’s Rock the Block

Mar 11, 2024

Grapevine Communications Wins Big at AAF Suncoast ADDYs

Grapevine Communications Wins Big at AAF Suncoast ADDYs

Mar 4, 2024

Gain Financial Guidance with Financial Access Federal Credit Union

Gain Financial Guidance with Financial Access Federal Credit Union

Feb 12, 2024