News and announcements

May 15, 2019

SOUTHERN MARINAS ACQUIRES RIVERWATCH MARINA

Growing Marina Portfolio Adds Stuart, Florida Location

North Palm Beach, Fla. – Southern Marinas Holdings, LLC, a partnership between a New York-based investment firm and Southern Marinas, announced today the purchase of Riverwatch Marina in Stuart, Florida.

Conveniently located in the heart of Martin County, Riverwatch Marina is perfectly positioned to provide storage and marina services to the cities of Hobe Sound, Palm City, Jensen Beach, and Stuart. The full-service marina features 368 dry and wet slips, a comprehensive marine service department, a fuel dock, a boat brokerage, and a boat club. For more than 15 years, Riverwatch has been owned and operated by a private investor in Stuart, Florida. During that time, the marina has enhanced its reputation, and has become a fixture within Stuart’s active boating community. 

“We are fortunate to acquire such a wonderful asset in a great boating market,” said Andrew Gendron, principal and chief investment officer with Southern Marinas. “Riverwatch Marina is the perfect addition to our growing portfolio of marinas that will extend our footprint into the Florida market.”

Over the past six months, Southern Marinas has developed a strong pipeline of assets and, in 2019 and beyond, will be acquiring a select number of best-in-class marinas in the Southeast and other strategically located geographic regions of the country.

For more information on Southern Marinas Holdings, LLC or 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!