Update 9/24/20 – Burlington Self Storage has opened its Lantana Road location. The new facility comprises 146,000 square feet in 1,000 units. Features include smart access control, temperature- and climate-controlled (dehumidified) units, a loading dock, and covered parking for RVs.
10/23/18 – Burlington Self-Storage, which operates six facilities in three states, will soon begin construction on a 168,500-square-foot facility in Lake Worth, Fla. The 4.5-acre property at 4829 and 4849 Lantana Road formerly housed a plant nursery and container-storage site. Burlington purchased the property in January for $1.81 million, according to the source.
Construction is expected to be complete in 15 to 18 months. The two-building complex will contain 973 units in more than 110,000 square feet. It’ll include covered, drive-through access on the larger building, while the second structure will be traditional drive-up. The site will also offer some climate-controlled storage and vehicle storage.
Belmont Savings Bank provided the $11.5 million construction loan to the operator’s affiliate, Burlington Self-Storage of Lake Worth LLC. The financing was arranged by Lindsay Feig, analyst, and Casimir Groblewski, senior managing director, for Fantini & Gorga, according to a source.
Founded in 1990, Burlington Self-Storage has two other Florida facilities, one in Oakland Park and another in Wellington. It also operates facilities in Burlington and Wilmington, Mass.; and Derry and Salem, N.H.
Burlington Self Storage, Burlington Self-Storage Opening Soon in Lake Worth, FL
Boston Real Estate Times, Fantini & Gorga Arranges $11.5 Million Construction Financing in Florida
South Florida Business Journal, Developer Nabs $11.5M Construction Loan to Begin Palm Beach County Project