Storage Post Expands Brand with Multi-Property Self Storage Portfolio in South Florida Company moves into Florida market with highly-occupied and well-positioned locations
ATLANTA, May 29, 2014 /PRNewswire/ -- Storage Post Self Storage, a private company operating along the East Coast and in the South, today announced the addition of a multi-property self storage portfolio in the greater Fort Lauderdale area to its platform. The portfolio includes mixed-use space, including commercial and retail frontage, and 8 self storage offices located throughout Pompano Beach, Fort Lauderdale, Lauderhill and Oakland Park.
The properties comprise a combined total of 800,000 rentable square feet and more than 8,000 storage units, and includes climate-controlled units, rental parking and traditional drive-up units. Common features throughout the assets are gated security, key code access, moving and packing supplies, daily access and 24-hour video recording. Many of the stores are positioned near highly-trafficked roads and highways, such as Sunrise Boulevard and Highway 441, NW 19th Street and I-95, and along South Dixie Highway East.
Jack Giannola, Storage Post's director of acquisitions, commented, "We targeted Florida for expansion due to its stabilizing economy, increasing population and healthy self storage industry. This portfolio is really a great selection of properties that will add value and serve as a springboard for additional opportunities in this underserved region. This is just the latest of what we believe will be successful expansion into new markets and new regions."
"We've been watching the self storage climate across the U.S., and we've pinpointed cities and metropolitan areas with the highest barriers to entry and the most storage demand. Florida's self storage industry has been thriving, and we knew we wanted to enter the market," said Storage Post Chief Operating Officer Dylan Delaune. "When we saw this multi-property portfolio with its fantastic locations in both residential and industrial areas, we jumped at the chance to add it to our brand."
Storage Post has expanded its brand to more than 2.8 million square feet of self storage in metropolitan areas across the East Coast, including the greater New York area, Georgia, Louisiana and South Florida. The company expects continued growth in 2014 and 2015 through acquisitions, development and third-party management.
About Storage Post
Storage Post employs the best and brightest people to provide modern, convenient, secure and customized self storage. The company aims to delight a growing community of discerning customers in neighborhoods across the United States through straightforward pricing and highly-trained staff. For more information on Storage Post and its executive leadership team, visit www.storagepost.com.
Director of Acquisitions
SOURCE Storage Post