Panama City, Panama, is home to a new Red Box self-storage facility composed of climate-controlled and traditional units, as the facility recently hosted its grand opening.

Self-storage consultancy Better Management Systems LLC worked with the owner to create the design, layout, unit mix and office design. Janus International provided the hallways and doors. PTI Security Systems provided the individual alarms and access controls. SMD Software Inc. provided the property-management software.

Better Management Systems identified Panama City as one of Latin America's growing economies with potential for self-storage development. Based in Coral Gables, Fla., the company provides self-storage management services, feasibility studies, management consulting and assistance to first-time facility developers. It also provides guidance for new-facility startups, unit mix, site plans and marketing, and has clients throughout Central America, South America and Europe.