The Real Deal Miami

Port 32 acquires Tampa marina for $21.5M

The South Carolina-based company operates marinas under the Port 32 brand in Fort Lauderdale, Palm Beach Gardens and St. Petersburg
September 16, 2018 04:00PM

Port 32 Palm Beach Gardens (Credit: Yelp.com)

Marina owner, operator and developer Port 32 bought a full-service marina with the only dry dock boat storage in Tampa for $21.5 million.

Charleston, South Carolina-based Port 32 bought and plans to renovate Tampa Harbour Marina, a 12.1-acre property with 40 wet boat slips and 600 dry storage slips.

Tampa Harbour Marina property also includes retail and office space and a restaurant.

Port 32 will rename the property Port 32 Tampa.  The company operates marinas under the Port 32 brand in Fort Lauderdale and Palm Beach Gardens and the Tierra Verde Marina Resort in St. Petersburg.

The Tampa marina is near Old Tampa Bay and the 52-acre, mixed-use Westshore Marina District development, designed a collection of restaurants, retail stores and residential units.

The property was listed for sale in June by the Tampa- and Atlanta-based Leisure Property Advisors team at brokerage firm Colliers International.

Andrew Cantor, Matt Putnam, and Dan Grovatt lead the team, which focuses on the sale of marinas, resorts and leisure properties nationwide.

“This sale shows the health of the marina market in Florida, and the demand for waterfront commercial property,” Putnam said in a prepared statement. “This transaction happened fairly quickly from the time we put it on the market.” – Mike Seemuth