AMSDELL EXPANDS AGAIN WITH THE ACQUISITION OF A SELF STORAGE CENTER LOCATED ON THE NEW JERSEY SHORE
Compass Self Storage LLC, a member of the Amsdell family of companies, is proud to announce the purchase of an institutional grade self storage property in the Jersey Shore area. The new facility, which has over 50,000 net rentable square feet, will be operated by Compass Self Storage, LLC ( www.compassselfstorage.com ) and marks the company’s entrance into this market.
The storage center is located at 1109 Ninth Avenue Neptune, NJ and offers indoor storage, climate controlled units, outdoor parking and a full line of boxes and packing supplies. This transaction marks the third acquisition in the past six weeks as Amsdell continues to rapidly grow its portfolio of properties under the Compass flag. On June 28, the company entered the greater Cincinnati market with the purchase of a five property portfolio. On July 12, the company purchased 5 self storage centers in the greater Memphis area. Compass also has locations throughout Florida, Michigan and Pennsylvania.
“We are excited to expand and grow into the New Jersey market”, stated Todd Amsdell, President. “We look forward to providing quality self storage solutions and services to our new customers.”
The above-mentioned acquisitions were 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 it’s 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.