Frank Melchert, SIOR – a Principal at Cawley Commercial Real Estate, a leading commercial real estate brokerage and property management company – recently facilitated the successful property and business sale of Sunset Bay Marina to Chicago Yacht Works.
Sunset Bay Marina is a premier Chicago marina located along the Calumet River, granting boaters easy access to Lake Michigan. The acquisition included 12.5 acres of prime waterfront property, a 50,000 square-foot storage facility, and over 300 feet of newly installed sea wall and docks.
“By aligning Chicago Yacht Works and Sunset Bay Marina’s goals, we were able to secure a deal that benefited both parties,” said Melchert. “This acquisition will build upon improvements previously initiated by the seller, and Chicago Yacht Works’ expansion into this region will continue to enhance the area’s existing appeal.”
“Frank made us feel like we were on a team with a leader who was out there going to battle for us each and every day,” said the seller, Bill Pacella. “We knew that our sale was going to be complicated and time consuming; but Frank’s energy, knowledge, and ability got us through it better than expected.”
“Successfully navigating complex transactions like this highlights our commitment to delivering exceptional results for our clients,” said Zach Pruitt, CEO of Cawley CRE. “Our team’s extensive market knowledge and dedication were crucial in facilitating Chicago Yacht Works’ strategic acquisition of Sunset Bay Marina.”
Melchert, SIOR, leveraged his 20 years of commercial brokerage experience and extensive local market knowledge to navigate this high-profile deal successfully. His exceptional guidance and industry insight were pivotal in achieving a favorable outcome for all parties involved.
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