Compass Self Storage, a member of the Amsdell family of companies, has purchased a self-storage facility in Fate, Texas, its second in the market. The property at 159 Riding Club Road will be rebranded under the Compass name. The purchase was made by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC.
The facility comprises 123,000 net rentable square feet of storage space. Compass plans to add another 20,000 net rentable square feet to the property in the immediate future, company officials said in a press release. Facility’s features include climate-controlled and drive-up units, video cameras, and a full line of moving and packing supplies. Truck rental will also be available, according to the release.
Last spring, Compass acquired its first Texas storage property, Abby’s Storage in Cedar Hill. Plans are underway to open new facilities in Grand Prairie and Mansfield, Texas.
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.