Safe Harbor buys marinas in Palm Beach
USA: Old Port Cove Holdings (OPC) of North Palm Beach, Florida, is selling its portfolio of Palm Beach County assets to Safe Harbor Marinas.
The sale includes three full-service marina properties – Old Port Cove Marina, North Palm Beach Marina and New Port Cove Marine Center. Cumulatively, the marinas can accommodate nearly 650 vessels ranging in size from 20ft (6m) day boats to 200ft (61m) megayachts. The sale also includes the Cove Plaza office/retail complex and Sandpiper’s Cove restaurant and bar.
OPC president Richard G. Morgan said “the entire OPC team is thrilled and excited to become part of the Safe Harbor family.”
As owner/operator, OPC has been a leader in the marina industry in the Palm Beaches since the early 1970s. Over the years, it has replaced all the docks at each of the marinas while keeping the environment and a boater friendly approach in mind.
“The Old Port Cove team and their first class collection of assets are a great addition to our ever-growing portfolio,” said Jason Hogg, senior vice president of Safe Harbor Marinas. “We understand just how special these assets are and we are committed to see them grow and thrive for years to come.”
Safe Harbor Marinas claims to be the largest owner and operator of marinas in the world.
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