Compass Self Storage, a member of the Amsdell family of companies, has acquired Lake Warehouse & Storage in Tavares, Fla. The company now operates 16 locations in the state and 83 nationwide. The purchase was made by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC. The facility will be branded under the Compass name, according to a press release.
The property at 2601 State Route 19 comprises more than 96,000 net rentable square feet of storage space. Compass plans to upgrade the facility with climate-controlled units and new access control. It’ll also offer moving and packing supplies, and truck rentals.
“The acquisition of this self-storage center broadens our footprint in the Central Florida market, where we have had a presence for several years. Our newest location will continue to offer our residential and commercial customers a one-stop shop for their moving, storing and packing needs,” said Todd Amsdell, president.
Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, Tennessee and Texas.
Source:
PR Newswire, Compass Self Storage Acquires Storage Center in Central Florida
