News and announcements
OCTOBER 29, 2021
SOUTHERN MARINAS ACQUIRES GRAND HARBOR CONDOMINIUMS AND MARINA
Premier Marina Portfolio Adds Popular Resort Destination Along America’s Great Loop
North Palm Beach, Fla. – Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, announced that it has acquired Grand Harbor Condominiums and Marina on Pickwick Lake in Tennessee.
Grand Harbor Condominiums and Marina is perfectly situated on the Tennessee/Mississippi border and is less than a mile from the Alabama state line. The resort is a popular stopover for transient boaters who are navigating America’s Great Loop, the 6,000-mile trip along the Atlantic Intracoastal Waterway. The full-service marina and resort is comprised of covered wet slips, vacation condo rentals, an extensive boat rental fleet, a ship’s store, fuel dock, lakeside pool, tennis courts, fitness center, and a spa.
“Consistent with our goal of acquiring best-in-class, strategically located marina and resort properties, Grand Harbor is a unique asset that attracts boaters and vacationers from a broad demographic area,” said Gary Rosmarin, principal with Southern Marinas. “By the addition of Grand Harbor, our portfolio now extends its geographic footprint from the Northwest through the Midwest, and into the Southeast.”
Grand Harbor Condominiums and Marina sits on beautiful Pickwick Lake, which runs 50 miles from Wilson Dam in Florence, Alabama, to Pickwick Dam in Tennessee. It is surrounded by nearly 500 miles of winding shoreline, and has both recreational and historical area attractions nearby. Pickwick Lake is truly a boater’s paradise.
This purchase marks Southern Marinas’ sixth acquisition in 2021. By year-end, the portfolio will include 10 marina and resort properties. For more information on Southern Marinas and its current portfolio of marinas, please contact [email protected] or visit www.southernmarinas.com.