Stor-All Storage, which operates three self-storage properties in Florida and Georgia, is proposing to build a new facility in West Palm Beach, Fla. The 1.7-acre site is just west of the downtown area off South Australian Avenue. The development will be reviewed by the city’s planning board on Nov. 17, according to the source.
The plans include a five-story, 110,900-square-foot building at 1301 Mercer Ave. The property is owned by Clear Lake View LLC, which is managed by Richard Callahan of West Palm Beach. Miller Land Planning Inc., a Boynton Beach, Fla., firm, submitted the application to the city on behalf of Stor-All. The architect is Gregory Anderson Architecture in Deerfield Beach, Fla.
The property last traded for $2.75 million in 2005, the source reported. It’s currently under contract to an affiliate of Stor-All.
Founded in 1967 and based in Deerfield Beach, Fla., StorAll draws it roots from a construction company founded by brothers Norman and Robert Anderson. Its national portfolio was sold to self-storage real estate investment trust Public Storage Inc. for $430 million in 2013. The 44-property portfolio included facilities in five states and encompassed 2.7 million square feet in more than 26,300 units.
- South Florida Business Journal: StorAll Proposes Self-Storage Facility in West Palm Beach