Famed International Yacht Collection Expands and Relocates

Steve W. Hudson,
International Yacht Collection

Fort Lauderdale, Florida (July 17, 2003) – Fort Lauderdale based International Yacht Collection (IYC), one of the world’s foremost mega-yacht brokerage, charter and management firms, confirmed this week its plans to relocate to the new Portside Yachting Center at 1850 SE 17th Street.

IYC founder Steve Hudson explained the move, “IYC’s relocating because we’re growing dramatically and we wanted maximum exposure to 17th Street which is our industry’s premier address.” Overlooking the Intracoastal Waterway, Hudson confirmed a lease of 11,500 sq. ft at the new complex, with “visibility and signage opportunities you just cannot find on the Causeway” per Hudson.

IYC, with offices in Sint Maarten, Netherlands Antilles and Newport, Rhode Island, specializes in the sale, charter, management, and crew placement of mega-yachts. The company is focused on creating the ultimate one-stop agency, offering a team of experienced industry professionals to assist its clients with all aspects of yachting. Hudson states, “We provide clients a solid base of talented yacht brokers, charter brokers, crew agents, yacht managers and crew training, along with the convenience of offices located in the world’s three most important hubs”.

IYC goes into the 80,000 sq. ft. Portside Yachting Center complex as the lead tenant with its founder and owner Steve Hudson as a co-investor in the purchase of this upscale commercial center by Portside Yachting Center LLC. The buying group plans to orient the leasing to tenants in the robustly growing $20 billion per year marine services and mega-yacht industries. IYC will be relocating from its current location elsewhere on the 17th St. Causeway.

Partners in the undertaking include Andrew Martin of Brickell Sales Corp., leasing agent for the building, and Mark Ellert of IAG Florida, Inc. which arranged financing and will oversee the project’s redevelopment. Martin, who owns numerous retail properties along the Causeway added, “The needs of mega-yacht tenants like International Yachting Collection are unique, especially in terms of their office location, its prestige and proximity to others in the industry. We’re delighted IYC decided to make PYC their home”. “With this project, we fulfill the community’s long-standing need for a first class office destination that caters to yachting and marine services tenants who want or need a presence in Ft. Lauderdale,” commented Ellert.

Adjacent to the Broward County Convention Portside Yachting Center sits at the heart of international yachting activity, including the celebrated Fort Lauderdale International Boat Show, known as the “world’s premier event for super yachts”. The annual event draws spectators and boat enthusiasts from around the globe and is a major source of tourism revenue for the City of Fort Lauderdale.