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South Shore Marina Trades to Safe Harbor
Colliers International’s Leisure Property Advisors team brokered the sale of Sunset Bay Marina, a full-service marina about five miles by water from downtown Boston. Safe Harbor Marinas, the nation’s largest marina owner-operator, purchased the property from the Folsom family for an undisclosed price.
The two-acre marina property is located at 2 A St. on Hull Bay, along Boston’s South Shore. It will be renamed Safe Harbor Sunset Bay.
A Colliers team of Andrew Cantor, Matt Putnam and Dan Grovatt represented both parties in the transaction. Jerry McDonough of Marinevest also assisted with the deal.
“The Folsoms purchased the marina a little over 10 years ago and rebuilt the property,” in the process creating “ a wonderful asset with significant cash flow,” said Cantor. “At the same time, Safe Harbor is in growth mode and this acquisition helps them expand their portfolio in the region.”
Photo credit: Colliers International.
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- ◦Sale/Acquisition
