Compass Self Storage/Amsdell Cos. Acquires Facilities in Acworth, GA and Jacksonville, FL

Comments
Print

Compass Self Storage LLC, a member of the Amsdell family of companies, recently acquired a self-storage facility in Jacksonville, Fla., and another in Acworth, Ga. The properties will be rebranded as Compass Self Storage. The acquisitions were made by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC.

The facility at 2825 St. Johns Bluff Road in Jacksonville encompasses nearly 60,000 net rentable square feet of storage space. It’s the company’s 12th location in the Florida market. Amenities include drive-up units, video cameras, online-payment options, and moving and packing supplies.

“We are pleased to enter the Jacksonville market and provide top-notch customer service to our new customers in the Jacksonville area,” said Todd Amsdell, president.

The acquisition at 5488 Wade Green Road in Acworth includes more than 42,000 net rentable square feet of storage space. It’s the company’s fifth location in the Georgia market. Amenities match those of the Acworth property but also include outdoor parking.

Company growth is projected to continue in 2014 with the acquisition and development of self-storage properties in select markets, company representatives said in a press release.

Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania and Tennessee.

Sources:

Comments
comments powered by Disqus