Amsdell Expands Again and Enters the Memphis Market With the Acquisition of Five Self Storage Centers
CLEVELAND, July 12, 2012 /PRNewswire/ -- Amsdell Storage Ventures VII, LLC is proud to announce its purchase of five institutional grade self storage properties in the greater Memphis area, including over 300,000+ net rentable square feet and over 2,100+ units. The new facilities are operated by Compass Self Storage, LLC (www.compassselfstorage.com) and mark the company's entrance into this market.
The storage centers are located at:
- 7097 Commerce Drive Olive Branch, MS 38654
- 7911 Hacks Cross Road Olive Branch, MS 38654
- 2274 Highway 51 Nesbit, MS 38651
- 8036 US Highway 70 Bartlett, TN 38104
- 4175 Winchester Road Memphis, TN 38118
The facilities represent a significant addition to the rapidly growing portfolio of properties under the Compass flag. On June 28, 2012 various entities of the Amsdell family of companies acquired a five-store portfolio of institutional grade properties in the greater Cincinnati market expanding the Compass brand beyond its other locations throughout Florida, Michigan, Ohio and Pennsylvania. The Memphis area stores offer drive up access, indoor storage, as well as boxes and a full line of packing supplies to help customers with all of their moving and storing needs. "We are thrilled to expand and grow into the greater Memphis market. We look forward to providing quality self storage and moving solutions to our customers. We are proud to continue to expand the Compass brand to this and additional markets," stated Todd Amsdell, President.
Compass Self Storage, LLC, and its affiliates are proud members of the Amsdell family of companies (Amsdell Companies) headquartered in Cleveland, OH. Amsdell draws its roots from the family owned construction company founded in 1928 and has since been active in several billions of dollars worth of real estate ventures with a primary focus on self storage. As industry pioneers, Amsdell has owned and operated over 500 storage centers under various trade names in over 27 states. With over 80 years of doing business, the Amsdell team has extensive experience in property acquisition, construction and property management. Please visit www.amsdellcompanies.com and www.compassselfstorage.com for more information.
SOURCE Compass Self Storage, LLC
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