Michael Bozzuto Of Bozzuto Acquires Marina In Palm Beach Shores For $25 Million

Atlantic Straits Investments LLC acquired a 54-slip marina situated at 176 Lake Drive in Palm Beach Shores. The asset spans 1.51 acres and was purchased for a total of $25,000,000. The transaction excludes the adjacent 36 apartments at Havn Residences & Yacht Club, which remain under separate ownership.

Summary of transaction details:

• Property Type: Marina
• Transaction Amount: $25,000,000
• Buyer: Michael Bozzuto - Bozzuto
• Seller: Jared Frydman - JSB Capital Group
• Seller: Ryan Johnston - Johnston Group Development
• Market: Palm Beach Shores
• Acreage: 1.51

The deal was facilitated by Michael Bozzuto, representing Atlantic Straits Investments LLC. The selling parties include Jared Frydman, representing JSB Capital Group, and Ryan Johnston, representing Johnston Group Development.