Partners to Break Ground on New 97,000 Square Foot Self Storage Facility in Athens, Ga.
Athens, Ga. (July 9th 2018) – A joint venture between Lumpkin Development, MacArthur Holdings, and Live Oak Capital Partners is nearing the start of construction on their newest project, a 97,000-square-foot storage facility located at 2625 Atlanta Hwy., close to downtown Athens and the surrounding neighborhoods.
This facility will include a 3-story, 84,000-square-foot, climate-controlled building, more than 13,000 square feet of drive-up storage, and will have more than 740 units. Griffco Design Build will serve as the general contractor for the facility, and BB&T is providing the debt financing for the project.
“We are thrilled to be bringing this best-in-class storage facility to The Classic City,” said Brooks Lumpkin, owner of Lumpkin Development. “This will be the largest and closest Class ‘A’ storage property to the booming downtown and we believe it will be the largest, nicest and most accessible property in Athens Clarke County.”
With construction beginning this summer, the property will be open to the public in spring 2019.
About MacArthur Holdings, LLC
For over half a century, MacArthur Holdings LLC has developed, owned and operated real estate in New York City. The portfolio includes multifamily, retail, office, hotel, and future development sites. (macarthurholdings.com).
About Lumpkin Development, LLC
Lumpkin Development has developed and continues to operate 4 million square feet of commercial real estate in Alabama and Georgia. (LumpkinDevelopment.com).
About Live Oak Capital Partners, LLC
Live Oak Capital Partners acquires and develops high quality real estate assets that will become exceptional investments for our clients, partners, and communities. Based in Atlanta, the firm focuses primarily on niche property types and off market opportunities to add significant value and generate above market returns. To date the firm has acquired, developed, and sold more than $100 million in commercial properties (www.liveoakcp.com).
New Partnership Celebrates Grand Opening of West Palm Beach Self-Storage Facility
West Palm Beach, Fla. (June 12, 2017) – MacArthur Holdings and Live Oak Capital Partners, in a joint venture with West Palm Beach-based SROA Capital, today celebrated the Grand Opening of a new self-storage facility at 1620 N. Congress Avenue in West Palm Beach. Operating under the national brand Storage Rentals of America, the 105,000 sq. ft., three-story facility includes 742 climate-controlled storage units along with a 1,200 sq. ft. first-floor retail space that is available for lease. The location is near the intersection of Palm Beach Lakes Blvd. and I-95, across from the Palm Beach Outlets and next to the Land of the Presidents subdivision and Banyan Cay Resort. The Grand Opening event featured a ribbon cutting including West Palm Beach Mayor Jeri Muoio and representatives from the Chamber of Commerce of the Palm Beaches.
“Demand for new self-storage facilities has been fueled by a growing and increasingly mobile population, multi-family development, and a resilient U.S. economy,” said SROA Capital CEO Benjamin Macfarland.
SROA Capital is a vertically-integrated self-storage operator focused on acquiring, developing and selectively redeveloping undermanaged facilities in select growth markets throughout the U.S. SROA was founded in 2013 by real estate entrepreneur Benjamin Macfarland in partnership with Sidney Kohl (co-founder of Kohl’s Department Stores) and James Jenkins (co-founder of Alliant). Since inception, SROA has aggregated a 4 million rentable square feet, 33,000 unit portfolio comprised of 81 properties. The N. Congress location is the company’s 11th in Florida. – with several more in its pipeline.
“We see continued growth in the industry,” says Steve Tedder, Principal of Live Oak Capital Partners. “This well designed, highly visible facility is the best climate-controlled self-storage in the market and addresses the unmet needs of local residents and businesses.”
About MacArthur Holdings, LLC
For over half a century, MacArthur Holdings LLC has developed, owned and operated real estate in New York City. The portfolio includes multifamily, retail, office, hotel, and future development sites. It also owns office, warehouse, manufacturing and distribution facilities for clients operating in southern New Hampshire and is an investor in numerous multifamily properties in New Jersey, Delaware and Pennsylvania. MacArthur often partners with local owners and developers. Our core philosophy is developing long term strategic relationships and having local management with a stake in ownership (macarthurholdings.com).
About Live Oak Capital Partners, LLC
Live Oak Capital Partners acquires and develops high quality real estate assets that will become exceptional investments for our clients, partners, and communities. Based in Atlanta, the firm focuses primarily on niche property types and off market opportunities to add significant value and generate above market returns. To date the firm has acquired and developed more than $100 million in commercial properties (www.liveoakcp.com).
About SROA Capital, LLC
SROA Capital is a real estate investment company focused on the acquisition and development of self-storage properties as well as direct equity investments with developers and operators across the country possessing a proven track record in self-storage. SROA operates under the brand Storage Rentals of America (www.sroa.com).
Investor Interest in Self Storage Remains High
MJ Partners Self Storage Market Overview: Analysis of First Quarter 2018 Earnings Results
MJ Partners - Self Storage Market Overview - Third Quarter 2017
NitNeil, Live Oak Receive Award for Louisville Self Storage Conversion
Louisville Downtown Partnership Recognizes Significant Downtown Development Projects With 2017 Cornerstone Awards
The Louisville Downtown Partnership (LDP) announced the recipients of the 2017 Cornerstone Awards at their annual celebration of Downtown development on Wednesday, Oct. 11th at The Brown Hotel rooftop garden event space. The Cornerstone Awards were given to 13 significant Downtown projects completed in 2016, which represents nearly $100 million invested in Downtown Louisville. NitNeil Partners and Live Oak Capital Partners were recognized for the $3.4 million adaptive reuse of the historic Kurfees Paint Building into Extra Space Storage — a state-of-the-art, climate controlled self-storage facility with covered loading bays and modern leasing office.
Somebody's Making Money Off of All Our Junk
Metro Atlanta Experiencing Population Surge
Corporations are leaving suburbs: Can anything reverse the trend?
Population Growth and Affordable Cost of Living Accelerate CRE Renaissance in the Southeast
Americans resume trek to Sun Belt states
https://www.theatlantic.com/business/archive/2016/03/2006-all-over-again-suburbs/475290/
Partnership Breaks Ground on West Palm Beach, FL, Self-Storage Facility
Partnership to Develop 100,000 SF Self-Storage Facility in West Palm Beach
NitNeil, Live Oak Capital Partners Open State of the Art Facility in Mount Pleasant, SC
NitNeil Partners and Live Oak Capital Partners have opened a second new facility for the Charleston region in the prestigious suburb of Mount Pleasant, South Carolina. The three-story building features 52,500 square feet of climate-controlled self storage and is located at 1426 U.S. Highway 17 North, near the intersection with Interstate 526. This property is centrally located along the city's primary commercial corridor with superb visibility from both U.S. Highway 17 and Interstate 526.
"With excellent schools, sophisticated restaurants and high end retail, Mount Pleasant offers residents a high quality of life in close proximity to Downtown Charleston and the surrounding beach communities", said Steve Tedder, Principal of Live Oak Capital Partners. "This well designed, highly visible facility is the highest quality, climate controlled self storage in the market and addresses the unmet needs of local residents and businesses."
Construction began at the beginning of 2016, and the property opened to the public in February 2016.
MJ Partners Q3 2016 Self Storage Results
SkyView Advisors Q3 2016 Self Storage Industry and REIT Report
REITWorld 2016 Recap
Here is an insightful recap from REITWorld 2016 in Phoenix, Arizona:
Big Data Is a Big Deal for Real Estate
A Glorified Sidewalk, and the Path to Transform Atlanta
New York Times article about the Atlanta Beltline and how it is helping to transform the city.
http://mobile.nytimes.com/2016/09/12/us/atlanta-beltline.html