Storage of America Moves Headquarters, Receives Tax Abatement

Storage of America LLC (SOA), which operates seven self-storage facilities in Indiana, Michigan and Ohio, will receive a tax abatement from Anderson, Ind., for moving its corporate headquarters into the former Warner Press building at 1201 E. 5th St., near Anderson University. The project will include 50,000 square feet of self-storage, a retail store, and rentable work space in addition to corporate offices, according to a source.

Storage of America LLC (SOA), which operates seven self-storage facilities in Indiana, Michigan and Ohio, will receive a tax abatement from Anderson, Ind., for moving its corporate headquarters into the former Warner Press building at 1201 E. 5th St., near Anderson University. The project will include 50,000 square feet of self-storage, a retail store, and rentable work space in addition to corporate offices, according to a source.

SOA intends to invest about $200,000 and create 15 jobs at $21.63 per hour, Kathleen Lamb, vice president of operations, told a source. The facility will house the company’s call center, and may eventually include a manufacturing component that would provide parts to its store locations.

The city council granted a 10-year tax abatement that will begin at 100 percent before decreasing annually by 10 percent, a source reported. The abatement was one of three given recently by the council on projects that represent more than $1 million in investment and will create 20 jobs.

Warner Press is a nonprofit business-administration service that provides church and ministry resources, children’s products, and greeting cards to its partners. It's been headquartered in Anderson since 1906. It vacated the 5th Street building in the 1990s when it moved its operation to the Flagship Enterprise Center, according to a source.

Founded in 2003 and currently based in Indianapolis, SOA has 10 self-storage locations under development, according to its website. It uses a vertical-integration model, in which 12 wholly owned subsidiaries perform most of the design, planning and construction on its projects.

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