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Rosemurgy Properties/Sentry Self Storage Develops 2 New Facilities in Florida

Update 11/14/19 – Rosemurgy Properties and Sentry Self Storage completed construction on the partnership’s Hollywood facility, holding a grand-opening even on Nov. 7. The design by Kenneth Carlson Architects includes a two-story glass storefront. The property features covered parking and loading zones, multiple freight elevators, and zoned keycode access for customers, according to a press release.

“With the growth of the local area and the downsizing of both rental and for-sale living units that East Hollywood and Fort Lauderdale are experiencing, the need for storage space is increasing,” Rosemurgy said. “Sentry Self Storage-Hollywood is located in a prime location for these markets. As these areas continue to grow and businesses expand, commercial storage needs will continue to increase accordingly.”

“We were ecstatic to partner again with Rosemurgy Properties to bring this beautiful project to the city of Hollywood,” added Norman Schulman, CEO of Sentry. “We wanted to create a consumer-friendly, secure self-storage facility with all the modern conveniences that make it easy for customers to move and store their belongings, and that’s exactly what we built. The Carlson design team worked closely with us to create this modern and architecturally beautiful building in this growing Hollywood market.”


10/3/18 – Rosemurgy Properties and Sentry Self Storage received a $10.4 million construction loan for their self-storage development project in Hollywood, Fla. The lender is BB&T Corp., a bank-holding company based in Winston-Salem, N.C. The partners paid $885,000 for the 32,200-square-foot lot in 2016, according to the source.

Once complete, the facility will contain 870 climate-controlled units.


4/6/18 – Rosemurgy Properties and Sentry Self Storage have completed their conversion project in Deerfield Beach, Fla. The two-story site contains 726 units. Features include three freight elevators, a double-bay loading dock and controlled gate access. 

The companies also broke ground on the new development in Hollywood, Fla. Slated to open in summer 2019, it’ll be built by DC Construction Associates Inc. of Boca Raton, Fla., according to a press release.

“Exciting growth is occurring in both cities, which is creating a strong demand for these projects,” Rosemurgy said.


5/4/18 Rosemurgy Properties, a privately owned commercial real estate development, investment and management firm, and Sentry Self Storage LC, an industry consulting and management firm, are developing two new facilities in Florida. One will be a newly built property while the other is a conversion of an existing structure.

The partnership purchased a .78-acre site at 2060 Coolidge St. in Hollywood, Fla., to build Sentry Self Storage-Hollywood. The five-story facility will comprise 121,000 square feet of climate-controlled space. The project will break ground in the fall, with completion slated for summer 2018.

The partnership also acquired and plans to convert the 3.2-acre site at 545 S. Federal Highway in Deerfield Beach, Fla., to Sentry Self Storage-Deerfield Beach. Expected to be finished this summer, the facility will comprise 93,163 square feet of climate-controlled space.

Kenneth Carlson - Architect P. A. of Deerfield Beach is designing the new facility. The firm is also working in conjunction with Gallo Herbert Architects, also of Deerfield Beach, on the conversion project.

“We are excited to partner once again with Sentry Self Storage and bring two best-in-class developments to Broward County,” said Alex Rosemurgy, CEO of Rosemurgy Properties. “We are looking forward to adding these locations to our existing portfolio.”

Established in 1977 and headquartered in Deerfield Beach, Rosemurgy Properties’ portfolio includes multi-family, office, retail, self-storage and undeveloped land with the focus of a long-term diversified investment strategy. The company, which includes construction and property-management services, continues to expand its portfolio through acquisition and development.

Based in Coral Springs, Fla., Sentry Self Storage manages more than 30 properties in several states, and works with 14 ownership groups.

A rendering of the new Sentry Self Storage in Hollywood, Fla.

Source:

The Real Deal, Rosemurgy, Sentry Score Financing for New Hollywood Self-Storage Facility


 

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