Suntex Marinas expands into the Florida Panhandle with acquisition of iconic Legendary Marina
by Suntex Marinas 11 Oct 2022 17:06 PDT
Legendary Marina © Andrew Golden
Suntex Marina Investors, LLC (Suntex), the premier owner and operator of best-in-class marina properties, announced today its first acquisition on the Florida panhandle with the purchase of the Legendary Marina in Destin, Florida.
Legendary Marina, located in one of Florida's most popular tourist destinations, is among the largest dry storage facilities in the United States with over 180,000 square feet of space to accommodate 780 vessels. The property has six marine forklifts with the ability to lift boats up to 53-feet in length. Amenities include unlimited in-and-out of water services; an exterior soap wash; complimentary engine flushes; waste pump-out; a fish cleaning station; ship store with refreshments, boating necessities and apparel; gasoline and diesel fuel; and on-site sales, service and parts. In addition, guests and members can take advantage of a spacious, private bar, gym, locker room with showers, an infinity pool and a patio area that can accommodate up to 200 people.
The Legendary barn, that once stood as a blank canvas, is now home to world-renowned marine artist Wyland's Whaling Wall #88, Marine Life of the Gulf. Boasting the largest marine mural in the world, Legendary Marina is recognized as a historical and iconic landmark. To follow, the roof was adorned with a large American flag and the verbiage "God Bless America". In 2017, the Guinness Book of World Records officially named the flag the largest painted flag mural in the world - measuring in at 3.8 acres. The stars are a staggering 17-feet, 8-inches from point to point.
"We approach each of our acquisitions as a unique opportunity to build upon the personality each marina has established since being built," said Bryan Redmond, CEO, Suntex Marinas. "In the case of Legendary, the facility is not only a world-class destination, but Peter Bos and the Legendary Companies designed and built a work of art. We look forward to taking the reins and applying our industry-leading service to give visitors a once-in-a-lifetime experience."
Destin offers 24 miles of sugar white beaches and mild weather making it a perfect year-round boating destination. The property is located on the Choctawhatchee Bay giving boaters convenient access to the bay and to the Gulf of Mexico through the East Pass attracting boats of all sizes.
"We could not be more excited to enter the Florida panhandle and Legendary Marina fits perfectly into our strategy of coming into a market with a best-in-class asset," said Chris Petty, Senior Vice President of Investments, Suntex Marinas. "This transaction kicks off a strategic relationship with Peter Bos and the Legendary Companies to bring further development and investment to the boating community in the near future."
The Suntex portfolio includes marinas located in Arizona, California, Florida, Georgia, Illinois, Iowa, Kentucky, Maryland, New Jersey, New York, Oklahoma, Texas, Tennessee and Virginia. For more information on Suntex Marina Investors LLC, or the complete portfolio of Suntex marinas, please contact or visit suntex.com.