Compass Self Storage, a member of the Amsdell family of companies, has acquired an existing facility in Philadelphia and a brand-new build in Ponte Vedra, Fla., bringing its total number of locations to 81 nationwide. The company plans to upgrade the former and expand the latter this summer. The purchases were made by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC. Both will be branded under the Compass name, according to a press release.
The property at 1831 W. Allegheny Ave. in Philadelphia comprises 71,000 net rentable square feet. It includes a drive-through building for loading and unloading. Planned upgrades include individual access control and security improvements.
The facility at 1120 Preservation Trail in Ponte Vedra features modern amenities. Additional space will open as construction is completed, the release stated. The property offers traditional drive-up and climate-controlled units.
Both locations will offer moving and packing supplies, and truck rentals.
“The development and acquisition of these two new Compass Self Storage centers marks our expansions in two markets where we believe we can offer a superior customer experience,” said Todd Amsdell, president. “Both locations will proudly offer our new customers top-notch product and convenient options, such as moving and truck-rental solutions, to make the entire process easy.”
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 Opens Brand New Storage Center in Ponte Vedra, FL, and Acquires Self Storage Center in Philadelphia, PA
