Trico Investments Announces Purchase of Commercial Center Self Storage

Jul 21, 2015, 06:00 ET from Trico Investments

FORT LAUDERDALE, Fla., July 21, 2015 /PRNewswire/ -- Trico Investments proudly announces the acquisition of their newest Self Storage facility, Commercial Center self storage located at 1121 E Commercial Blvd, in a highly dense and populated area of Fort Lauderdale. The property is strategically located with great visibility from highly trafficked Commercial Blvd and Old Dixie Hwy. The facility will be rebranded to Trico's flagship Lighthouse Self Storage and managed by Trico's affiliate management company Progressive Realty Partners. 

To take advantage of the strong market, Trico plans to demolish one of the existing buildings and replace it with a new state of the art multi-story all climate-control storage building. "We look forward to continuing to build our brand presence and servicing the local communities within Southeast Florida," said Mike Rolfes, CEO of Trico Investments.

Trico Investments, headquartered in Irvine, CA is a real estate fund manager specializing in the acquisition and redevelopment of self-storage properties. The firm is vertically-integrated, with in-house property management, design and entitlement, and construction services supporting Trico's investing activity and 3rd party clients. Trico and its affiliates have designed, managed, developed or owned nearly 100 self storage facilities and manage more than 20,000 units in CA and FL.

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SOURCE Trico Investments