Self-storage operator Amazing Spaces has purchased a 2.3-acre parcel of land near the upscale neighborhood of Tanglewood in Houston, Texas, where it plans to build a 120,000-square-foot self-storage facility. The property was listed last year for $4.9 million, though the sales price was not disclosed.
Amazing Spaces was represented by David Marshall and Tim Dosch of Apartment Realty Advisors. Bill Blythe of Martha Turner Properties represented the seller, a California resident who inherited the property.
Based in The Woodlands, Texas, Amazing Spaces recently started selling self-storage franchises. In addition to climate control, its facilities include wine vaults, conference centers and reception areas. The Tanglewood facility will be landscaped with fountains and waterfalls.
Amazing Spaces is also under contract on a piece of land near the Texas Medical Center for what will become its fifth property.
Source: Houston Chronicle, Self-storage operator buys parcel near Tanglewood