Brick Cos. Adds Annapolis-Area Marina to Its Portfolio
Published by The Baltimore Business Journal on November 5, 2019
The Brick Cos. added a third marina to its portfolio of recreational properties with a deal to acquire Ferry Point Marina & Yachtyard for $7.25 million.
The Edgewater-based real estate company has renamed the five-acre Arnold property the Atlantic Marina at Ferry Point. The deal closed Oct. 5.
With the acquisition, members of the company’s other two marinas, Atlantic Marina on the Patapsco and Atlantic Marina on the Magothy, will also have access to amenities at Ferry Point, which sits on the Magothy River north of Annapolis.
The property has more than 100 deep-water slips, several acres of land storage and offers complete yacht maintenance. It’s also home to The Point Crab House and Grill, a waterfront seafood restaurant. The average rate for an annual slip at the marina is $3,000.