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SAVANNAH, GA-Morningstar Marina Management LLC, a division of Charlotte, NC-based Morningstar Properties, has acquired Bahia Bleu Marina on the Intracoastal Waterway in a multimillion-dollar transaction, area brokers who deal in marine properties tell GlobeSt.com. Morningstar president Dave Benson didn’t return a GlobeSt.com phone call to confirm the price of the deal.

In a prepared statement, however, Benson says Bahia Bleu is the third marina in the company’s portfolio. Morningstar also owns the Reserve Harbor Yacht Club in Pawleys Island, SC and the Peninsula Yacht Club in Lake Norman, NC. Bahia Bleu accommodates 225 dry stack boats and has 1,500 linear feet of wet slips for transient and monthly dockage, Benson says. The facility also includes a ship store and three offices.

“Bahia Bleu is a strategic fit in our coastal expansion plan,” Benson says. “We are looking to acquire additional marina operations from Maryland to Florida.” Benson says Morningstar is “the largest storage operator in the Carolinas and the 11th largest in the US, managing 61 storage centers with over 4.7 million sf.” The 25-year-old company develops, builds and operates high-end, self-storage marina properties.

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