
PORT 32 Adds Refit and Service Capacity at Fort Lauderdale Yard
ExpansionOct 2026
PORT 32 Marinas has built out its New River property in Fort Lauderdale into a full yacht repair, refit and service yard, installing industry veteran Brian Kelley as general manager of the marina and boatyard. The move signals continued operator appetite for service-heavy revenue at scarce New River waterfront, where repair and refit income can materially lift NOI above pure dockage yields.
Why This Matters
Platform operators expanding their footprint signals consolidation momentum. These moves often drive up valuations in target markets and create competitive dynamics for remaining independents.
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