Public Storage purchased the headquarters of BoatUS in Alexandria, VA, for $13.7 million. The 7.3-acre site at 880 S. Pickett St. includes a 93,000-square-foot flex-industrial building.
It’s not yet known if Public Storage plans to develop the property as self-storage. The site is part of Alexandria’s Eisenhower West Small Area Plan, whose goal is to change the corridor from mostly industrial to mixed use in the next 30 years.
BoatUS, which employs 609 people at its headquarters and also has 24-hour dispatch centers in California and Florida, will leave the current HQ in mid-2018 for a 63,000-square-foot site on Port Royal Road in Springfield, VA. Transwestern brokered the deal on behalf of the seller, Indian Creek Co. LP.
TD Storage plans a new mixed-use self-storage and rental center in Charleston, SC. It will have 92,500 square feet for self-storage plus six retail storefronts as well as two café-style restaurants. The property will be fully LEED-certified/green. Source: TD Storage
Newman Realty Partners finished the entitlements for a 121,284-square-foot, three-story self-storage facility on Gatlin Boulevard in Port St. Lucie, FL. The nine-month project included a change to the property’s comprehensive land use designation, abandonment of a road that bisected the property and site plan approval. A national real estate principal investment firm has bought the property and will develop it. Extra Space Storage will operate the facility. Source: Newman Realty Partners
The Planning and Zoning Commission of Jupiter, FL, will consider a proposal to tear down a single-story vacant building on Indiantown Road and replace with a 700-unit self-storage building at its Nov. 14 meeting. Pinnacle Storage LLC of Hilton Head, SC, wants to replace the 21,000-square-foot Ellison Graphics building with a three-story building of 97,000 square feet. It would be Pinnacle’s first location in Palm Beach County. The construction start is scheduled for spring 2018 and will take about one year.
The Planning and Zoning Commission will make recommendations to the town council, which will vote on the project Dec. 19. Source: Palm Beach Post
Andover Properties LLC (dba Storage King USA) plans to build a 110,000-square-foot self-storage facility after purchasing a three-acre parcel in Homestead, FL. The company will build a Class A facility plus several single-story buildings to house some drive-up units. New York City-based Andover Properties owns and operates 28 self-storage facilities under the Storage King USA name in Florida, Maryland, North Carolina, South Carolina, New Jersey, New York, Pennsylvania, Tennessee and Virginia. Source: Andover Properties
In Alabama, the Birmingham City Council approved a rezoning that will result in a former medical office building in the Crestwood South neighborhood to be redeveloped into a self-storage facility. A 4.70-acre site at 720 Montclair Road will be rezoned from B-6 Health and Institutional District to a C-2 General Business District. The Crestwood South Neighborhood Association also gave its approval. Developer Ed Drummond of Integrated Properties plans to buy the property. The medical office building is 50,000 square feet. Source: The Birmingham News
A 9,000-square-foot self-storage facility is coming to Paris, ME. Dan Reavis will build Paris Self Storage at the former Paris Farmers Union grain mill at 8 Skillings Ave.
He expects to finish the interior by year-end and to paint the exterior in summer 2018. The project will cost about $12,500, which Reavis will pay for with his own money.
Source: Sun Journal
An Extra Space Storage facility is being developed next to a time-share resort near Walt Disney World in Kissimmee, FL. Miami-based HB Capital Group, LLC and partner Liberty Base Investments paid $1.35 million for the site on Vineland Road. They will put up a three-story building with about 900 units. It will have Caribbean-style architecture to go along with the adjacent Calypso Cay time-share resort. Patrick Pilot, a self-storage architect, designed the facility. Source: The Real Deal
All Time Self Storage has opened at 1000 Industrial Blvd. in Southampton, PA.
The site has 378 units and 39,000 square feet of rentable storage space; phase two will add another 40,000 square feet of rentable storage. John Barry owns the facility, which will be managed by Storage Asset Management Inc., which is based in York, PA.
Source: Storage Asset Management Inc.