Carlyle Set Sail for Largest Marina in the US

A division of The Carlyle Group has recently cast the anchor at the largest yacht repair facility and marina in the United States.

Lauderdale Marine CenterA division of The Carlyle Group has recently cast the anchor at the largest yacht repair facility and marina in the United States. The D.C.-based global asset management firm acquired Lauderdale Marine Center for an undisclosed amount.

Located at 2001 SW 20 St. in Fort Lauderdale, Fla. at the entrance to Marina Mile, the approximately 60-acre property includes the adjacent 8.5-acre Riverbend Marine Center. It is easily accessible from virtually all parts of South Florida via Interstate 95, and it is less than five miles from the Fort Lauderdale/Hollywood International Airport. It has several operating units, including 156 wet slips, an office complex, contractor bays, covered sheds, covered in-water dockage, and a large basin for mega-yachts.

Stiles Realty Broker Associate Julie Fisher Berry represented the sellers, Selvin Passen and business partner Morio Mito, with no other broker involved in the transaction. According to Julie Fisher Berry, who is also a principal of Stiles Realty’s Marina Investments Group, Passen and Mito purchased the property in multiple stages, starting with 33 acres in 1997 and then another 17 acres in 2004. The partnership acquired Riverbend Marine Center last year, and the facility was planned for redevelopment to further expand Lauderdale Marine Center.

Photo courtesy of John Terrill Photography (via lauderdalemarinecenter.com)