Reliant Real Estate Management LLC, a self-storage development and property-management firm, intends to convert a former Kmart store in Greenville, S.C., into a storage facility. The project would refurbish about 4 acres of a 10.5-acre retail center at 640 Sulphur Springs Road. The proposed Midgard Self-Storage facility would comprise about 800 climate-controlled units and feature indoor storage for RVs and other vehicles, according to the source. If approved, the facility is expected to open in May.

October 9, 2015

1 Min Read
Reliant Real Estate Management to Convert Former Kmart to Self-Storage in Greenville, SC

Reliant Real Estate Management LLC, a self-storage development and property-management firm, intends to convert a former Kmart store in Greenville, S.C., into a storage facility. The project would refurbish about 4 acres of a 10.5-acre retail center at 640 Sulphur Springs Road. The proposed Midgard Self-Storage facility would comprise about 800 climate-controlled units and feature indoor storage for RVs and other vehicles, according to the source. If approved, the facility is expected to open in May.

Work is underway at the site to remove asbestos from the building, which opened in 1974. The store has been vacant since 2012. "We specialize in repurposing buildings," partner Lewis Pollack told the source. "We've converted bowling alleys. We've converted skating rinks. We've converted dark commercial boxes like this one."

Reliant submitted its plan for the property with Greenville County officials earlier this month, according to Bob Mihalic, a country spokesperson. The project is still subject to review before a building permit can be issued, the source reported.

The other parcels in the retail center are owned by Hughes Investments Inc. The company is marketing the remaining property for possible development, but no plans were immediately known, according to the source.

Reliant is the management arm of StoreSmart Self-Storage, which owns more than 20 facilities comprising nearly 1.9 million square feet in eight states. The company manages several independent facilities in four states, including South Carolina, and has an “internal development and acquisition pipeline” to help grow its portfolio, according to the StoreSmart website.

Sources:

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