Self-storage developer Rosemurgy Properties has acquired a 3.2-acre site in Deerfield Beach, Fla., for $6 million on which it intends to build a storage facility. The property at 545 S. Federal Highway was purchased by subsidiary Sentry Deerfield Beach from a family trust. The facility will comprise 93,163 square feet and is expected to open in the fall. It will be managed by Sentry Self Storage, according to the source.
“We are excited to partner with Sentry Self-Storage to bring a best-in-class development to Deerfield Beach,” Alex Rosemurgy, CEO of Rosemurgy Properties, told the source. The two companies previously collaborated on a $1 million joint venture in Miami.
The Deerfield Beach facility will replace an industrial building that currently stands on the site. The property last sold for $4.7 million in 2013, according to the source.
Sentry Self Storage Management was founded in 1997. The company manages 23 facilities in Florida, Georgia, South Carolina and Texas. Sentry also owns two facilities in Florida. The company’s portfolio of owned and managed facilities comprises more than 1.8 million square feet.
Founded in 1977 and headquartered in Deerfield Beach, Rosemurgy Properties is a privately owned commercial real estate development, investment and management firm. Its portfolio includes land, multi-family, office, retail and self-storage properties.
Sources:
- South Florida Business Journal: Rosemurgy Properties Plans Project on Newly Acquired Broward Site
