The Amsdell family of companies has acquired a self-storage facility in East Lansing, Mich. The facility at 4200 Hunsaker St. encompasses more than 52,000 net rentable square feet and will be operated by Compass Self Storage LLC. In addition to offering drive-up and climate-controlled self-storage units, the facility sells moving and packing supplies, and offers online payment options.
The property will be the ninth location for Compass in the greater Michigan market. This acquisition also marks the companys 10th self-storage acquisition this year. Company growth is projected to continue with the acquisition and development of self-storage properties in select markets, the company said in a press release.
We look forward to serving the storage needs of our new customers in East Lansing, said Todd Amsdell, president.
The acquisition was made by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC.
Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. The company, which owns and operates self-storage properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania and Tennessee, has since been active in several billions of dollars worth of real estate ventures with a primary focus in self-storage.
