Colliers arranges the sale of Fair Haven Yacht Works to Suntex Marinas

FAIR HAVEN, N.J. - Rezul -- Suntex Marina Investors, a leading owner and operator of marina properties, has purchased Fair Haven Yacht Works. The marina attracted a high level of attention from potential buyers, tied to the quality of the property and its location on the Navesink River, just west of the Jersey Shore, in Fair Haven, New Jersey.

Andrew Cantor, Matt Putnam and Dan Grovatt of Colliers' Leisure Property Advisors team represented the seller in the transaction. The sales price was not disclosed.

"Quality marina properties in strong markets continue to be highly sought after by investors," said Dan Grovatt, Leisure Property Advisors, Colliers. "We received multiple offers on this property, which confirms that demand for marinas is strong despite rising interest rates."

Fair Haven Yacht Works, located at 75 De Normandie Avenue in Fair Haven, is an 81-slip full-service marina with four docks that can accommodate boats from 15- to 55-feet in length, along with a large mooring field. Each slip has metered 30- and 50-amp electric, water, Wi-Fi, and the marina has private restrooms and showers available to guests.

More on Rezul News

• HBR Colorado Hosts House Flipping Event For Denver Real Estate Investors
• Waterleaf International, LLC Announces Hiring of Chief Sales Officer
• EVERWILD Returns To Legend Valley With Lineup Featuring Pepper, Bone Thugs-N-Harmony, and host band Tropidelic
• World's First AI-Generated Satirical News Website Launches, Outperforms Humans in Humor and Intelligence
• Genie Script: 20 Word Script by Wesley Virgin

Suntex currently owns five other marinas in New York and New Jersey, including the nearby Channel Club Marina in Monmouth Beach. The company plans to leverage this regional presence and provide boaters with expanded services to enhance their marina membership for Fair Haven Yacht Works members.

"Fair Haven Yacht Works is a vital part of the boating community on the Navesink River," said Grovatt. "We are pleased to be able to find a buyer with a great reputation to ensure that this property will continue providing the Fair Haven community with access to the Navesink waterfront for years to come."

Colliers' Leisure Property Advisors group worked with Suntex early last year in the purchase of Lynn Creek Marina in Grand Prairie, Texas. Grovatt and his team - Matt Putnam and Andrew Cantor – represented the seller in that transaction.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com (https://corporate.colliers.com/en), Twitter @Colliers (https://twitter.com/colliers?lang=en) or LinkedIn (https://www.linkedin.com/company/colliers-inter...).

More on Rezul News

• Jake Paul Teams Up with The Berman Team, Sponsored by Berman Law Group for charity event supporting Boxing Bullies
• Matt Fogelgren to Join Cleartelligence Executive Team as Chief Revenue Officer
• Wyngate At Medford Chooses Corner Property Management AAMC To Manage Scenic Development In Medford
• Ex-global real estate executive aims to build the Zillow of the Metaverse
• Keebos Unveils Keebos 2.0: The Ultimate Crossbody Phone Case

For further information please contact:
Kasey Brennan  | True Blue Communications
(813) 625-0180 | kasey@truebluecommunications.com