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Morningstar Marinas Adds Vinings Landing Marina on Little Creek to Portfolio of Marinas in Southeast
Friday 27 March 2020

27 March 2020 - North Carolina, US-based Morningstar Marinas has expanded its portfolio of marinas in the Southeast with the acquisition of Vinings Landing Marina on Little Creek, located in Norfolk, Virginia, the company said.
Terms of the transaction were not disclosed.
This is the latest acquisition in Morningstar's ongoing expansion of its marina platform, with plans to add three more marinas within the year.
Beginning immediately, Morningstar Marinas at Little Creek will undergo extensive renovations to rebuild its dock systems, add a brand new ship's store, and restore the property to its place as one of the premier marinas in the lower Chesapeake.
With the addition of the former Vinings Landing Marina, Morningstar Marinas now owns and operates 10 marinas in 5 states.
Morningstar is owned and operated by Morningstar Properties, LLC, a vertically-integrated developer, operator and owner of real estate assets, focussed primarily on marinas and self-storage.
Details
Date Published: 27/03/2020

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