News
Biggest US Marina Trades Hands
July 16, 2015
DC-based The Carlyle Group acquired Lauderdale Marine Center, the largest yacht repair facility and marina in the US, for an unspecified amount. Stiles Realty's Julie Fisher-Berry tells us that the property benefits from the scarcity of available waterfront land in South Florida, and from having a "strong repeat customer base of mega yacht owners."
“The fact that a global firm has stepped in to acquire this property further solidifies the marine industry in South Florida,” Julie adds. The 60-acre property at 2001 SW 20 St in Fort Lauderdale includes the adjacent Riverbend Marine Center and is at the entrance to Marina Mile. Julie repped the sellers, Selvin Passen and Morio Mito; The Carlyle Group repped itself.
