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RE/MAX Advance Realty in South Florida Negotiates $10.5M Sale of Key Largo Fisheries

Key Largo Fisheries will have new owners after a nearly $11 million sale of the company, the surrounding land and other facilities were sold to Summit KLF LLC, led by Bob Charney and Marc Anderson. Located at 1313 Ocean Bay Drive in Key Largo, Key Largo Fisheries encompasses one of the few remaining authentic fisheries in the Florida Keys as a renowned seafood company, restaurant and bait shop. It has passed through four generations of owners after initially opening as “Jack Hill Bait and Seafood” by Jack and Dottie Hill in 1972. The business evolved into one the area’s most renowned seafood company, restaurant, and bait shop.

“This transaction was the perfect match of local seller and buyer, and we were honored to help facilitate it,” Skomp says. “All multi-generational business owners dream of finding local buyers who respect and admire the original company’s legacy and values, and that’s exactly what we have here between the Hills, Bob, and Marc.”

Other facilities included in the purchase, which Advanced Realty Miami brokered, include a 32-slip marina and a 4,500 square foot waterfront warehouse building. Three parcels of land covering more than one acre of prime waterfront property and the basin bay bottom and bay bottom of the entire channel leading out to the Atlantic Ocean were included in the transaction. The area is located on a deep water boat basin in a Commercial Fishing Special District (CFSD) zone, designed to preserve and protect the area’s fishing industry.

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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.