Compass Self Storage/Amsdell Cos. Acquires Facility in Deptford, NJ

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Compass Self Storage LLC, a member of the Amsdell family of companies, recently acquired a self-storage facility in Deptford, N.J. The property at 1310 Delsea Drive encompasses more than 34,000 net rentable square feet of storage space. It will be rebranded as Compass Self Storage. Property amenities include drive-up units, video cameras, online-payment options, outdoor parking, and moving and packing supplies.

“We look forward to getting involved in the local community and servicing the moving and storage needs of our new customers in the Deptford area with the acquisition of this top-notch self-storage center,” said Todd Amsdell, president.

The acquisition was made by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC. It is the company’s third purchase in the past two weeks. The company also acquired facilities in Acworth, Ga., and Jacksonville, Fla. The Compass Self Storage portfolio now includes 44 locations.

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.

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