U.S. markets closed

Morningstar Marinas Acquires Vinings Landing Marina on Little Creek

Morningstar Marinas has acquired Vinings Landing Marina on Little Creek in Norfolk, VA, adding to its portfolio of quality marinas across the southeast United States. This is the latest acquisition in Morningstar's ongoing expansion of its marina platform, with plans to add three more marinas within the year.

NORFOLK, Va., March 26, 2020 /PRNewswire-PRWeb/ -- Morningstar Marinas has acquired Vinings Landing Marina on Little Creek in Norfolk, VA, adding to its portfolio of quality marinas across the southeast United States. 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.

"We're excited to welcome Norfolk to the Morningstar Marinas family," said Dave Benson, Chief Executive Officer for Morningstar Properties, which owns Morningstar Marinas. "The marina has fantastic presence, convenience and opportunity, and is located in one of the most dynamic local markets in tidewater Virginia. Our goal at Morningstar is to create the highest quality marina experience for our customers through best-in-class properties. We are eager to begin renovations to modernize the facility and bring the marina to the high standards that boaters have come to expect from Morningstar Marinas."

With direct access to the Chesapeake Bay, Morningstar Marinas at Little Creek offers over 500 wet and dry slips, an onsite restaurant, a full-service gas dock with diesel and non-ethanol, unlimited launches for indoor storage, electric, water and WiFi for wet slips and much more. With the addition of the former Vinings Landing Marina, Morningstar Marinas now owns and operates 10 marinas in 5 states.

About Morningstar Marinas

For more than 15 years, Morningstar Marinas has been recognized as one of the industry's top operators and leading innovators with a dedication to customer service and convenience, as well as an emphasis on community involvement through the Morningstar Cares initiative. Morningstar Marinas is owned and operated by Morningstar Properties, LLC, a vertically-integrated developer, operator and owner of real estate assets, focused primarily on marinas and self-storage. The company is based in Charlotte, NC.

For more information, visit http://www.MorningstarMarinas.com.

 

SOURCE Morningstar Properties