Greenspoon Marder Shareholder Barry Somerstein Represents Seven King Holdings in Largest Transaction of Florida Boating History

Apr 23, 2017

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Michelle Martinez Reyes, Chief Marketing Officer
954.333.4357 | [email protected]

GREENSPOON MARDER SHAREHOLDER BARRY SOMERSTEIN REPRESENTS
SEVEN KING HOLDINGS IN LARGEST TRANSACTION OF FLORIDA BOATING HISTORY

FORT LAUDERDALE – April 23, 2017 – Greenspoon Marder shareholder Barry Somerstein recently represented Seven King Holdings of Jupiter in what is said to be the largest marine transaction in the history of boating in Florida. Mr. Somerstein spearheaded the sale of 11 Loggerhead marinas that were acquired by Suntex Marina Investors, making the Dallas-based company Florida’s largest marina operator. Mr. Somerstein worked together with Suntex legal counsel, Powell Coleman & Arnold, to work through the very complex issues involved in connection with the transaction.

“Suntex is renowned for offering the finest facilities in the industry,” said Raymond Graziotto, president, Seven Kings/Loggerhead Marina, in a statement to the Sun Sentinel. “We are excited to be part of a brand that shares our core values of providing the highest quality family experience as well as protecting our environment for the enjoyment of current and future generations.”

Seven Kings Holdings is one of Florida’s premier real estate land developers, managers, and operators. The privately held corporation has engaged in marina, multifamily, community, commercial, hotel, industrial, and resort development. As part of the deal, Suntex is pledging to maintain a philanthropic partnership with the nonprofit as Loggerhead Marina had done, and is donating $400,000 to support its work.

Mr. Somerstein’s practice focuses on real estate transactional law, finance, leasing, and land use. He has represented many clients in the negotiation, structuring and documenting of real estate asset transactions, primarily, in connection with shopping centers, hotels and office buildings. In addition to his busy practice, he is a Nova Ambassador Board Member, and an Executive Board Member of the Broward Performing Arts Authority Foundation. Mr. Somerstein is an Executive Board Member and General Counsel of the Greater Fort Lauderdale Alliance.

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 225 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has maintained a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

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Natalie Villanueva, Director of Marketing
954.333.4308 | [email protected]

This Greenspoon Marder LLP Client Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.

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Greenspoon Marder Shareholder Barry Somerstein Represents Seven King Holdings in Largest Transaction of Florida Boating History

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