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Amsdell Cos./Compass Acquires Franklin Park Self Storage in Sewickley, PA

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Compass Self Storage, a member of the Amsdell family of companies, has acquired Franklin Park Self Storage in Sewickley, Pa., at Certificate of Occupancy. It’s the company’s second location in the Greater Pittsburgh market, according to a press release. The purchase was backed by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will be rebranded under the Compass name.

The property at 2404 Nicholson Road was completed in October, according to a press release from SkyView Advisors, the real estate firm that brokered the transaction. Situated on 5.64 acres, it consists of seven buildings comprising 51,488 net rentable square feet in 522 climate-controlled and drive-up units. It includes access-controlled entry, truck rentals, and a retail center that sells moving and packing supplies.

"Our newly constructed self-storage center in the Sewickley/Franklin Park area offers our new customers all the top modern amenities they would want for their self-storage experience,” said Todd Amsdell, president. “We’re proud to expand our service area further in this market and to make moving and storing with Compass Self Storage an easy process.”

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 78 properties in 15 states.

SkyView is a boutique firm specializing in self-storage acquisition, development, facility expansion and renovation, refinancing, and sales. Based in Tampa, Fla., the firm also has offices in Cleveland and Milwaukee.

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