The Mele Group Makes a Move
TAMPA—The Mele Group, an industry-leading self-storage investment team based here with a national reputation, has joined Cushman & Wakefield from Marcus & Millichap.
Since its inception in 1999, at Marcus & Millichap, the team has closed nearly 350 self-storage transactions totaling more than $3.5 billion.
In 2018 alone, the team closed 48 deals for 63 total properties in 16 states. At the group’s previous firm, it consistently ranked as the top self-storage sales team in the country and received numerous production-based accolades.
The 16-person self-storage investment team is led by Vice Chairman Mike Mele, who has 20 years of experience specializing in the sale of self-storage assets. Mele and his team will be based in Cushman & Wakefield’s Tampa office, with several storage advisors sitting in other offices around the country. In addition to Mele, the team includes Executive Managing Director Luke Elliott (Tampa), Senior Director Robert Bloch (Washington, DC), Senior Director Trey Hammond (Tulsa, Oklahoma), Director Devin Beasley (Tempe, Arizona), Senior Associate Brian Fulton (Tampa), and Senior Associate Noah Obuchowski (Washington, DC). Nine non-broker team members will also be based in the Tampa office.
The Mele Group Brokers Sale of FL Facility
Marcus & Millichap’s Tampa-based office arranged the sale of a 746-unit self storage facility in St. Lucie, Fla. The brokerage team represented the seller and secured the buyer.
The Mele Group of Marcus & Millichap Secures Port St. Lucie, Fla. Storage Transaction
PORT ST. LUCIE, Fla., January 18, 2019 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Safe and Sound Storage, a 37,436-NRSF facility located in Port St. Lucie, Fla., according to Ari Ravi, regional manager of the firm's Tampa office.
The Mele Group of Marcus & Millichap Brokers Self Storage Center Portfolio Sale
The Mele Group arranged the deal for three Rhode Island facilities located in East Greenwich, Narragansett and Richmond, totaling more than 175,000 square feet.
Sold! Weekly Self-Storage Round Up 1.16.19
An unidentified institutional investor purchased the three-facility Self Storage Center portfolio in Rhode Island from an unidentified family-controlled LLC. Purchase price wasn’t disclosed. The facilities encompass 1,416 units and 97 rentable parking spaces in 177,575 net rentable square feet. They are at 5805 Post Road in East Greenwich, RI; 39 Walts Way in Narragansett, RI; and 39 Stilson Road in Richmond, RI. Michael Mele and Luke Elliott, both of Marcus & Millichap’s office in Tampa, FL, represented the buyer and seller. Tim Thompson of Marcus & Millichap’s office in Boston, MA, helped close the deal.
An unidentified LLC purchased Tolleson Self Storage in Tolleson, AZ, from an unidentified private investor for an undisclosed amount. The facility, at 9620 W. Van Buren St., encompasses 454 units in 50,450 net rentable square feet. Marcus & Millichap’s Luke Elliott and Michael Mele, along with Devin Beasley from the Phoenix office, represented the buyer and seller.