Member News: Port 32
By: MIASF Staff
Date posted: Dec 22, 2021 Wed
PORT 32, an owner, operator, developer, and acquirer of Class A coastal marinas, announced the acquisition of The Marina at Ortega Landing. Situated in Jacksonville, FL, the marina is part of Ortega Landing, a luxury marina and river home development at the intersection of the St. Johns and Ortega Rivers. The marina consists of 192 wet slips, accommodating boats from 30 to 130 feet, in a protected cove. The marina will be renamed PORT 32 Jacksonville.
The Marina at Ortega Landing features a desirable Jacksonville location with protected anchorage and a best-in-class Bellingham concrete floating dock system. Ortega Landing boasts numerous amenities for tenants including a professionally designed Captain's clubhouse, pool & hot tub, outdoor grilling patio, secure docks, and a variety of hosted weekend events, that together make for the most desirable lifestyle marina in the surrounding trade area and greater Jacksonville. Following this acquisition and the completion of redevelopments in Fort Lauderdale and Palm Beach Gardens, PORT 32 will own and operate approximately 4,300 dry and wet slips and over 140,000 SF of commercial tenant space.
Joe H. Miller, IV, Chief Executive Officer of PORT 32, stated "The Marina at Ortega Landing is an extremely well built and fully occupied wet slip marina in a core Florida market. Ortega fits well into our portfolio of Class A marina assets. We believe we are buying the best wet slip marina in the Jacksonville market both from a physical plant and amenity standpoint. The marina has a very loyal and discerning customer base which creates a unique and welcoming community environment. We embrace this lifestyle culture and intend to preserve that legacy."