Genmar sells marina for $3 million

swadminDecember 18, 2009

ORONO, Minn. — Genmar Holdings Inc. has sold a marina the company owned on Lake Minnetonka in Orono, according to a report in the Minnesota business daily Finance & Commerce.

The $3 million deal closed on Nov. 30. The 3.28-acre property has 111 boat slips, Finance & Commerce reported.

Commercial real estate broker NorthMarq, which represented Genmar in the deal, is also marketing boat manufacturing facilities in Florida and Oregon for Genmar, but neither has sold yet.

swadminDecember 18, 2009

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