Shutts & Bowen helps grow Southern Marinas portfolio with $50 million transaction

Shutts & Bowen Law represented Southern Marinas Holdings, in its acquisition of three premier Florida properties, in a transaction totaling more than $50 million.

The acquisition, from Aqua Marine Partners, 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, according to a statement.

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 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, a statement said.

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