How much did Texas company pay for Palm Beach County marinas? $57 million and counting

Dallas-based Suntex Marina Investors this week announced that it bought five Loggerhead Marina locations in Palm Beach County, but it didn’t disclose a price. Now details are showing up in property records, and Suntex appears to have paid nearly $57 million for four of the Loggerhead properties.

For the four-acre Inlet Marina of Palm Beach Ltd. property in Riviera Beach, Suntex paid $25.8 million. The marina last sold for $1.3 million in 2001.

The five-acre GMC of Lantana site at 870 N. Dixie Highway: $12.8 million. The property last sold for $2.9 million in 2002.

The Loggerhead Jupiter Ltd. property in an unincorporated area near Jupiter: $9.95 million. That site sold for $4.9 million in 2009.

The half-acre Frenchmans Marina Resort in Palm Beach Gardens: $8.3 million. The facility last sold for $1.8 million in 1995.

A deed has yet to be recorded for the Loggerhead property at the Moorings of Lantana.

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