{"id":1004143589,"date":"2016-05-09T05:05:13","date_gmt":"2016-05-09T13:05:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004143589"},"modified":"2022-12-07T20:28:29","modified_gmt":"2022-12-08T04:28:29","slug":"gregory-boat-and-marina-continue-under-the-lormax-stern-flag","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gregory-boat-and-marina-continue-under-the-lormax-stern-flag\/","title":{"rendered":"Gregory Boat and Marina Continue Under the Lormax Stern Flag"},"content":{"rendered":"

By Alexandra Pacurar, Associate Editor<\/em><\/p>\n

\"Gregory<\/a>

Gregory Boat Company<\/p><\/div>\n

Detroit<\/strong>\u2014Lormax Stern<\/a>, a Bloomfield Hills-based real estate development firm, announced the acquisition of the century-old family businesses Gregory Boat Company and Gregory Marina. Both will remain fully operational following the transaction, but under different names.<\/p>\n

The Gregory Marina, located on Clairpointe Street on the Detroit River, is now called KAM Marine and KAM Yacht Sales.\u00a0 The facility retained its staff and its activity. Therefore, it will continue to offer winter storage, service\/sales, while increasing the variety of boats it sells, now ranging from 20-80 feet in length.<\/p>\n

The Gregory Boat Company<\/a>, founded in 1906, situated on E. Jefferson Avenue, returned to its historic 1940s name, the Detroit Boat Basin. Kathy Gregory will maintain her position as president of the company and she will continue to work with her team, offering a full range of marina services, including brokerage, service\/sales, and storage.<\/p>\n

\u201cWe have been given a tremendous opportunity to continue serving Detroit River boaters and buyers. We proudly embrace our own future and that of the city of Detroit<\/a> as we return to our roots. Lormax Stern has given us a new future at a time when it appeared uncertain for us, and as the entire riverfront continues to see development and growth, we will remain part of that positive change,\u201d said Kathy Gregory.<\/p>\n

Lormax Stern announced it will focus on the expansion and growth of the two Detroit landmarks, while also preserving their legendary status. \u201cWe saw the immediate business opportunity, but moreover we saw the need to preserve two entities that are important to Detroiters and the Detroit Riverfront. We\u2019re committed and look forward to \u2018steering\u2019 these two regional institutions in the right direction\u2026 continued growth and expansion\u201d, said Daniel Stern, partner of Lormax Stern.<\/p>\n

The transaction strengthens\u00a0Lormax Stern\u2019s policy to work closely with the communities they serve to ensure long term results that benefit the entire area.<\/p>\n

Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The historic waterfront properties will carry on operations under new names as the new owner announces growth and expansion. <\/p>\n","protected":false},"author":236,"featured_media":1004143591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1495,21748,21783,13,21742],"tags":[],"class_list":["post-1004143589","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-detroit","category-industrial","category-investment","category-midwest","category-latest"],"acf":[],"yoast_head":"\nGregory Boat and Marina Continue Under the Lormax Stern Flag - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/gregory-boat-and-marina-continue-under-the-lormax-stern-flag\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gregory Boat and Marina Continue Under the Lormax Stern Flag\" \/>\n<meta property=\"og:description\" content=\"The historic waterfront properties will carry on operations under new names as the new owner announces growth and expansion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gregory-boat-and-marina-continue-under-the-lormax-stern-flag\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-09T13:05:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:28:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/05\/gregory-boat-detroit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1171\" \/>\n\t<meta property=\"og:image:height\" content=\"762\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexandra Both\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gregory-boat-and-marina-continue-under-the-lormax-stern-flag\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/gregory-boat-and-marina-continue-under-the-lormax-stern-flag\/\",\"name\":\"Gregory Boat and Marina Continue Under the Lormax Stern Flag - 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