Update 10/10/18 – The Natchez Group has opened Northshore Self Storage in Chattanooga. The facility comprises 53,146 square feet of rentable storage space in 541 interior, climate-controlled units. It’ll serve the communities of North Chattanooga, Red Bank and Woodland Heights, according to a press release.
The property is near several businesses including The Ark Pet Spa & Hotel, the Chattanooga Bridge Center and PrintTree Printing & Signage. It’s also less than a mile from multi-family housing such as Douglas Heights Apartments.
A grand-opening celebration that’ll include facility tours and refreshments is in the planning stages. Event details will be posted on the company’s Facebook page.
The facility will be managed by Absolute Storage Management (ASM), a self-storage owner and property-management firm. Founded in 2002, ASM operates more than 100 properties in 15 states. Headquartered in Memphis, Tenn., it has regional offices in Atlanta; Charlotte, N.C.; Jackson, Miss.; and Nashville, Tenn.
3/16/2017 – Self-storage developer The Natchez Group recently acquired a 2.5-acre lot in Chattanooga, Tenn., on which it intends to build a self-storage facility. Northside Self Storage will comprise 75,000 square feet in more than 600 units and sit at the rear of a mixed-use project with about 12,000 square feet of retail or other commercial space, according to the source.
The property at 1105 Dayton Blvd. is the former home of the Cherokee Motel. It’s in an area that has seen an increase in self-storage development due to residential growth in the vicinity, John Mitchum, a real estate broker with ReMax Renaissance Realtors, told the source.
Last week, the Natchez Group also finalized the purchase of Main Street Storage at the corner of Main and Carter Streets for $2.4 million, the source reported. The developer has been active in the state in recent weeks, including a planned three-story facility in Spring Hill and two other projects in Franklin and Nashville.
The Dayton Boulevard project is about a half-mile from a new self-storage development being constructed by Pratt Home Builders. The single-story facility is about three months from completion and will comprise 35,000 square feet in 266 units, according to the source.
The Natchez Group focuses on self-storage development and investments in Central Tennessee and the Southeast. In the past four years, the company has been involved in more than 500,000 square feet of self-storage projects.
Sources:
The Chattanoogan.com, New Self Storage Facility Opens on Dayton Boulevard
Nooga.com, Residential Growth Drives Demand for New Storage Facilities
