News and announcements

July 15, 2021

SOUTHERN MARINAS ACQUIRES ELLIOTT BAY MARINA

Growing Marina Portfolio Adds Iconic Seattle, Washington Location

Elliott Bay Marina
North Palm Beach, Fla.
 – Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, announced today the purchase of Elliott Bay Marina in Seattle, Washington.

Elliott Bay Marina is one of the largest, private marinas on the West Coast with 1,200 wet slips for vessels up to 300 feet, 10 miles of moorage, and a country club environment with panoramic views of the Seattle skyline, and Mount Rainier in the Olympic Mountains. Along with being conveniently located just minutes from downtown Seattle, the full-service marina features repair facilities, a fuel dock, a convenience store, a Freedom Boat Club, and several notable retail vendors. It is also home to two popular Landry’s restaurants, Palisades and Maggie Bluffs.

Over the past 30 years, Elliott Bay Marina has become a one-of-a-kind community whose heart and soul are the boaters that have chosen Elliott Bay as their home for recreational boating. “My partners and I have been most fortunate to see our vision for Elliott Bay Marina come to fruition, but the timing is right for our ownership group to transition the marina to a team whose principal focus is both marina and resort operations. We have found such a group in Southern Marinas,” said John Kaiser, principal with Elliott Bay Marina, Inc.

“We are truly honored that John Kaiser and his partners have selected Southern Marinas to be the new stewards of Elliott Bay Marina and to have an opportunity to add to the incredible legacy that they have created,” said Gary Rosmarin, principal with Southern Marinas. “Elliott Bay is the perfect addition to our growing portfolio of properties that will expand our footprint into the Pacific Northwest market.”

Southern Marinas has a strong pipeline of assets, and, in 2021 and beyond, they will be acquiring a select number of best-in-class marinas strategically located across the United States.

For more information on Southern Marinas and its current portfolio of marinas, please contact info@southernmarinas.com or visit www.southernmarinas.com.

Jim Behun’s experience spans more than 30 years in the Southern California boating industry. He served on the board of directors of the Marine Recreation Association and as past president of the San Diego Dockmasters Association, and is an active member of the San Diego Port Tenants Association and an affiliate member of the California Yacht Brokers Association. Immediately prior to joining the Southern Marinas team, Jim served as the general manager of Sunroad Resort Marina & Yacht Center in San Diego, a facility with over 600 slips, leased commercial space, and three well-known restaurants. During his 13-year tenure as the marina’s chief operating officer, Jim developed and produced the renowned San Diego Boat Show, which grew from a small, local gathering of boat dealers to a major, annual event attracting more than 100 dealers, brokers, and vendors, and 13,000+ boating enthusiasts.

Jim, a native of Annapolis, Maryland, has logged many hours sailing and boating on both coasts, including boat deliveries and charters to various coastal areas. In the early ’90s, he was the general manager of the 444-slip San Diego Marriott Marina. From there, Jim moved to a position with the National Marine Manufacturers Association to manage boat shows on both coasts and in Canada. He also developed and produced the first Mexico National Boat Show in Puerto Vallarta. Jim is a firm believer in managing facilities to ensure boating is safe and enjoyable for all!