Clients in the News
SOUTHERN MARINAS ACQUIRES SEQUOYAH MARINA
Growing Marina Portfolio Adds Popular East Tennessee Lake Location
North Palm Beach, FL (July 23, 2021) – Southern Marinas Holdings II, LLC, a partnership between a Denver-based private investment firm and Southern Marinas, LLC, announced today the purchase of Sequoyah Marina, located on Norris Lake in Andersonville, Tennessee.
Sequoyah Marina is ideally located in picturesque East Tennessee, just 25 miles from Knoxville, Tennessee. Situated on Norris Lake, boaters have access to 800 miles of shoreline covering 34,000 acres of pristine waters, hundreds of secluded coves, wildlife, and two state parks. Norris Lake is a popular destination for boating, watersports, fishing, hiking, and camping. The full-service marina encompasses over 430 wet slips for vessels up to 80’ and the facility features a restaurant, boat rentals, a ship’s store and fuel dock. In operation for over 30 years, Sequoyah has been through multiple expansions, including: additional wet slips, an enlarged ship’s store and restaurant, and a private banquet room overlooking the lake that can be rented for private events.
“Sequoyah Marina is truly a beautiful location with fantastic amenities and unlimited potential,” said Andrew Gendron, principal and chief investment officer with Southern Marinas. “It is the perfect addition to Southern’s rapidly growing portfolio of premier marinas, and we look forward to further enhancing the customer experience at this location.”
For imagery and other editorial requests, please contact:
Josalyn Claussen – Marketing & Communications, Southern Marinas
(815) 904-3098; [email protected]
“Sequoyah Marina is truly a beautiful location with fantastic amenities and unlimited potential,” said Andrew Gendron, principal and chief investment officer with Southern Marinas. “It is the perfect addition to Southern’s rapidly growing portfolio of premier marinas, and we look forward to further enhancing the customer experience at this location.”
About Southern Marinas, LLC:
Southern Marinas, LLC is a premier owner and operator of properties strategically located across the United States. Their experienced leadership team has more than 75 years of combined experience and specializes in marina acquisition and management. Their philosophy is to extend a warm welcome and gracious hospitality across all touchpoints of the customer experience. The proven systems, strategies, and philosophy that they have implemented across their marina portfolio allows them to maximize operational efficiency and deliver premium value to their members, associates, business partners, vendors, and investors.
This purchase marks Southern Marinas third acquisition within the last 30 days as they continue to build a strong portfolio of best-in-class marinas strategically located across the United States.
For more information on Southern Marinas and its current portfolio of marinas, please contact [email protected] or visit www.southernmarinas.com.
The ALS Team congratulates our client, L&L Holding Company, on completing $9111.4 million financing on the iconic 47-story office tower at 425 Park Avenue. The finance package, obtained through a consortium of lenders led by Blackstone Real Estate Debt Strategies, replaces 425 Park’s original construction loan and will cover the final stages of the project, including full lease-up, before being replaced by permanent financing.
We are proud to have had the opportunity to support L&L Holding Company’s risk management needs on this project!
Imagery from Commercial Observer
