Safe Harbor Adds Lauderdale Marine Center
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Lauderdale Marine Center offers extensive repair and refit services and is a Foreign Trade Zone an advantage to brokers and buyers, as foreign-flagged yachts can be shown for sale within the FTZ.
“We are excited to bring Lauderdale Marine Center and their talented team into the Safe Harbor family,” CEO Baxter Underwood said in the statement. “LMC is now connected to our network of superyacht facilities at West Palm Beach, Riviera Beach, Old Port Cove, Charleston City and Newport Shipyard, and will help us further grow along the East Coast.”
Last September, real estate investment trust Sun Communities acquired Safe Harbor Marinas for $2.11 billion.
Dallas marina operator buys superyacht service center for $340 million
It marks the second major acquisition of 2021 for Safe Harbor Marinas.
Dallas-based Safe Harbor Marinas purchased the Lauderdale Marine Center in Fort Lauderdale, Fla., in May 2021 for $340 million.(Courtesy of Safe Harbor Marinas / Safe Harbor Marinas)
11:38 AM on May 4, 2021 CDT
Dallas-based Safe Harbor Marinas is acquiring its second superyacht service center this year with a $340 million deal for Lauderdale Marine Center in Ft. Lauderdale, Fla.
The transaction for the 60-acre service and repair facility closed Monday.
The marine center, founded in 1997, has 106 slips, employs more than 100 workers and houses hundreds of marine industry tenants and contractors.
On March 8, Shelburneâs director of planning and zoning Dean Pierce received an email from the state advisory council on historic preservation asking for information about the Safe Harbor Shelburne Shipyard Marina.
âWe are reaching out to ask if you have any pertinent information about the history and/or significance of this property,â the email said. And it asked for the information to be sent by March 15 for a meeting three days later.
Now locals are worried that the shipyard, possibly the oldest continuously operating of its kind in the country, could lose its historic status.
Shelburneâs historic preservation and design review commission chair Fritz Horton said he was alarmed by the request and upset that so little time was given to gather information.
Sun Communities, Inc. Announces Pricing of Public Offering of Common Stock
March 04, 2021 19:08 ET | Source: Sun Communities, Inc. Sun Communities, Inc. Southfield, Michigan, UNITED STATES
Southfield, Michigan, March 04, 2021 (GLOBE NEWSWIRE) Sun Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing communities, recreational vehicle resorts and marinas, today announced the pricing of an underwritten public offering of an aggregate of 7,000,000 shares of its common stock, consisting of 4,000,000 shares offered directly by the Company and 3,000,000 shares offered on a forward basis in connection with the forward sale agreement described below, at a public offering price of $140.00 per share. As part of the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its