Westport Properties Inc. (WPI), which operates more than 120 self-storage facilities under the US Storage Centers brand, has acquired three A+ Storage facilities in La Vergne and Nolensville, Tenn., both suburbs of Nashville. The company now operates 11 locations in the state, according to a press release.
The property at 5565 Murfreesboro Road in La Vergne comprises 68,660 square feet in 641 units. The other location in the city, 211 New Paul Road, contains 59,590 square feet in 485 units. The Nolensville property at 2001 Johnson Industrial Blvd. comprises 67,113 square feet in 528 units. All three sites offer drive-up and climate-controlled units as well as vehicle-storage spaces.
“We have made a concerted effort to grow and be competitive in the Nashville area,” said Charles Byerly, CEO and president of WPI. “These three new institutional-quality assets provide even better branding and operational efficiencies to our already strong existing portfolio in this area.”
US Storage Centers represented itself in the transaction. The seller was represented by Ashley Compton, national director of Collier’s International, a global commercial real estate services firm that offers a variety of services for investors, business owners and developers.
Founded in 1985 and based in Irvine, Calif., WPI is a real estate investment company that acquires, develops and operates self-storage facilities, and provides third-party management services. Its portfolio comprises more than 9 million rentable square feet in 15 states.
The A+ Storage brand is operated by A+ Storage of Tennessee LLC. Founded in 2003, the company operates five facilities in Columbia, Cordova, Murfreesboro and Nashville, Tenn.