Joint Venture to Break Ground on Athens, GA, Self-Storage Facility

A joint venture between Live Oak Capital Partners, Lumpkin Development and MacArthur Holdings LLC will soon break ground on a 97,000-square-foot self-storage facility at 2625 Atlanta Highway in Athens, Ga. The property will include a three-story, 84,000-square-foot, climate-controlled building and 13,000 square feet of drive-up storage. In total, it’ll comprise more than 740 units. The property is expected to open next spring, according to a press release.

The site is near downtown and surrounding neighborhoods. “We are thrilled to be bringing this best-in-class storage facility to The Classic City,” said Brooks Lumpkin, owner of Lumpkin Development. “This will be the largest and closest class-A storage property to the booming downtown, and we believe it will be the largest, nicest and most accessible property in Athens-Clarke County.”

Founded in 2012, Live Oak is a real estate developer focused primarily on “niche property types and off-market” opportunities. Based in Atlanta, it has investment interests in self-storage, industrial, manufactured-housing and office properties.

Based in Pelham, Ala., Lumpkin Development operates more than 4 million square feet of commercial real estate in Alabama and Georgia.

MacArthur owns and develops real estate, primarily in New York City. Its portfolio includes hotel, multi-family, office and retail projects. It also owns commercial and industrial properties in Southern New Hampshire and has multi-family investments in Delaware, New Jersey and Pennsylvania.

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