Integra Investments acquire Sunset Bay Marina | Boating Industry
Miami-based real estate investment and development firm Integra Investments, through its Integra Marinas platform, announced the acquisition of Sunset Bay Marina & Anchorage in Stuart, Florida, just north of Palm Beach. Developed in 2008 and purchased from Pamela Huizenga Alexander and Jay Alexander, the marina is the latest addition to the Integra Marinas portfolio, marking the company’s 10th marina acquisition to date and its seventh active marina alongside partner BLG Capital Advisors and other private investors.
Situated at 615 Southwest Anchorage Way, Sunset Bay Marina is in the heart of Stuart, centrally positioned adjacent to the city’s downtown and within walking distance of popular restaurants and entertainment venues. Its location also affords a seamless connection to the Stuart Riverwalk. Notably, Sunset Bay stands as one of the final stops along the Okeechobee Waterway, a coveted shortcut for boaters en route to the west coast of Florida, highlighting its popularity as a transient marina.
“The addition of Sunset Bay Marina significantly enhances our portfolio, as its strategic location is a core aspect that aligns with Integra’s other marinas in top boating destinations, such as Key West, Miami, Aventura, Jensen Beach, and Tampa,” said Victor Ballestas, principal with Integra. “We are thrilled to welcome this prominent marina into our portfolio and continue to strengthen our presence in coastal boating markets.”
Boasting 198 wet slips and 66 mooring spaces, Sunset Bay caters to both local and transient boaters seeking the vibrant heart of Stuart and all the convenience the marina has to offer. The marina is capable of berthing vessels up to 140 feet in length and delivers a comprehensive boating experience, including gas and diesel fueling stations, a fully-stocked ship’s store, electric service, and vessel pump-out. While staying at Sunset Bay, boaters can enjoy two of Stuart’s premier food and beverage establishments, Sailor’s Return and Gilbert’s Coffee Bar, both located onsite.
“Celebrating our third marina acquisition this year, Sunset Bay is a testament to our pursuit of exceptional assets in coastal locations. Each addition strengthens our commitment to offering unparalleled experiences for the boating community,” added Cory Yeffet, principal with Integra.
Oasis Marinas will manage the property.
Source: https://boatingindustry.com/top-news/2023/12/12/integra-investments-acquire-sunset-bay-marina/
