Safeguard Self Storage, which operates more than 60 facilities throughout the eastern states, has added 195 drive-up units to its existing Palmetto Expressway facility in Miami. The new units, which opened for rental yesterday, were built on land adjacent to the existing property at 16701 Park Centre Blvd.
“South Florida is a terrific market for Safeguard and provides the company with the opportunity to add value to the Safeguard portfolio,” said CEO Allan Sweet. “This property is in a region where the company already owns and operates nine other stores and where two others are in the final stages of construction.”
This expansion was designed to meet a need in the market the company was not providing, said Ken Finlay, senior vice president of operations. “The new units will complement our product offerings in Miami, and enable customers who needed drive-up capability to get it at a very high quality.”
Founded in 1989 and headquartered in Atlanta, Safeguard Self operates 63 facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. The company is owned and operated by Morgan Stanley’s Prime Property Fund.