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Locke Acquisition Represents Sovran in Purchase of Four FacilitiesLocke Acquisition Represents Sovran in Purchase of Four Facilities
December 16, 2008
1 Min Read
Angelo Tomasello and Peter Weimer of The Locke Acquisition Group LLC represented Sovran Self Storage Inc. in its acquisition of four self-storage facilities in Miami, Fla., Atlanta and Columbus, Ohio markets. Sovran will operate the properties under the Uncle Bob's Self Storage brand. The portfolio, valued at $26.3 million, was acquired by Sovran through a joint venture with an affiliate of Heitman LLC, and included the assumption of $12.3 million first mortgage. Based in Amherst, N.Y., Sovran operates nearly 400 self-storage facilities in 26 states. For more information, visit www.lockeacquisition.com.
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