The Amsdell family of companies has acquired three self-storage properties in the Atlanta area. The facilities will be operated by Compass Self Storage LLC, giving the brand a foray into the Georgia market. The properties comprise more than 175,000 net rentable square feet and are located at:
- 1800 Sullivan Drive, Duluth, Ga.
- 2350 Atlanta Road, Smyrna, Ga.
- 3885 Frey Road, Kennesaw, Ga.
The acquisitions were made by separate affiliates of Amsdell Group LLC and Compass. No financial terms were disclosed. JL "Chip" Mack III of McWhirter Realty Partners LLC represented Amsdell in the transaction.
"We are proud to enter the Greater Atlanta market and service our new customers," said Todd Amsdell, president. "We will continue to seek additional quality self-storage properties in this market and other select areas of the country as part of our acquisition program in 2013."
Amsdell’s portfolio now consists of 32 self-storage properties. Fourteen were purchased last year.
Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. The company, which owns and operates self-storage properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania and Tennessee, has since been active in several billions of dollars worth of real estate ventures with a primary focus in self-storage.