COMPASS SELF STORAGE OPENS STATE-OF-THE-ART SELF STORAGE CENTER IN RIVER GROVE, IL
Cleveland, OH – April 23, 2015 – Compass Self Storage, a member of the Amsdell family of companies, proudly announces the opening of their newest self storage center, located at 3000 N. River Road in River Grove, IL. This brand new, high end self storage center offers over 56,000 net rentable square feet and is located in a former warehouse that was converted into a state-of-the-art; climate controlled self storage center. This is the fifth Compass Self-Storage location that the company has opened since 2015 began.
Construction was just completed on the River Grove self storage center, which offers indoor climate controlled units, digital surveillance, electronic access, online payments and a full line of moving and packing supplies. The company has plans to expand the product offering at the property to also include outdoor, drive up self storage in the near future, as well as truck rental. “We are thrilled to open this brand new, state-of-the-art self storage center in River Grove and believe our exceptional product and top notch service will bring value to the community. We will serve as a convenient, one-stop shop for the moving and storage needs of our customers,” stated Todd Amsdell, President.
The above-mentioned acquisition was made by separate affiliates of Amsdell Group, LLC and Compass Self Storage, LLC. The Amsdell family of companies (Amsdell Companies) is 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 85 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.
Amsdell/Compass Self Storage Opens Conversion Project in River Grove, IL
The Amsdell family of companies recently converted the former Fort Lock Corp. property in River Grove, Ill., which has been vacant since 2006, into a 90,000-square-foot storage facility. The 3.5-acre property at 3000 River Road opened this week and will be operated by Compass Self Storage LLC.
Dash’s Markets Plan to Convert Former Grocery Store to Self-Storage Rejected in Buffalo, NY
Update 4/24/15 – The Buffalo Zoning Board of Appeals unanimously rejected the Dash’s Markets proposal to convert one of its former grocery stores into self-storage. Board members voted 3-0 against the plan in an effort to preserve the retail-commercial environment in that portion of the neighborhood, according to the source.
World Class Capital Group Buys 4 Self-Storage Properties in IL, NY
Real estate investment firm World Class Capital Group LLC (WCCG) recently purchased two separate self-storage portfolios containing two properties each in Illinois and New York. The facilities will be rebranded and managed by Great Value Storage, the firm’s storage-management platform.
South Florida needs more self-storage space, commercial real estate broker says
The late George Carlin famously kvetched about needing a place for his stuff. Self-storage developers in South Florida haven’t heeded his call, according to a new report from commercial real estate brokerage Marcus & Millichap.
“Nationwide, self-storage supply is estimated at 8.3 square feet per capita,” the company says. “The self-storage supply in the Miami-Fort Lauderdale-West Palm Beach MSA is well-below the national average at 5.2 square feet per capita. It also falls well below the state average of 9.4 square feet per capita.”
At least one developer sees opportunity, though. Elite Stor last year paid $750,000 for a former mattress warehouse at 1016 Clare Ave. in West Palm Beach. It says its 20,000-square-foot, high-tech storage facility opens this month.