Compass Self Storage LLC, a member of the Amsdell family of companies, has purchased a self-storage facility in Manville, N.J., its fourth location in the state. The property was purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will be rebranded under the Compass name.
The facility at 55 Beekman Road is comprised of more than 45,000 net rentable square feet of storage space. Features include drive-up units, climate control, electronic access, individual door alarms, video cameras, and a retail center that offers moving and packing supplies. Truck rental and outdoor-vehicle parking will be available.
There’s also a satellite self-storage facility affiliated with this property on South Main Street. The rental office at the Beekman Road facility will service rentals at both properties.
"We are thrilled to expand our footprint to Manville, and believe our top-notch service and product will bring value to the community. We will serve as a convenient, one-stop shop for the moving and storage needs of our new customers," said Todd Amsdell, president.
Earlier this month, Compass acquired its eighth self-storage facility in Greater Atlanta. The company has opened seven stores under the Compass flag this year.
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 properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, Tennessee and Texas.