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).