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Marine

PGA Marina Boating center sells for $23.87 million

| SFBW Staff

 NAI Miami’s Christian J. Johannsen has negotiated the $23.87 million sale of PGA Marina Boating Center on behalf of the seller, PGA Marina LTD.

The 7.53 acre property at 2385 PGA Blvd., Palm Beach Gardens, contains dry storage for more than 400 boats, 16 50-foot wet slips, 1,600 feet of wharf dockage and 48,500 square feet of related marine commercial leased space.

The purchaser was AMH PGA LLC and was represented by Carolina Commercial LLC.

According to Johannsen, the transaction was exceptionally difficult to bring to a close as the property was not being actively marketed and there were buyer financing issues. Fortunately, the seller and purchaser became friends, which allowed the transactional difficulties to be overcome.

AMH plans updates that include new storage for boats up to 45 feet, renovated commercial space, an outdoor Tiki Bar and additional retail space.

NAI Miam is affiliated with NAI Global, the largest global network of owner-operated commercial real estate brokerage firms.

SFBW reported recently that Stephen Nostrand, who was previously CEO of Colliers International South Florida, has joined NAI Miami as CEO and COO.

 

 

 

 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.