NitNeil Partners and Live Oak Capital Partners have completed construction and sold a multi-story, climate-controlled self storage facility in Charleston, South Carolina. The buyer was Sovran Self Storage. Located at 1540 Meeting Street, this 71,000-square-foot facility sits in the heart of the Charleston Peninsula and in close proximity to the Historic District.
"We are excited to deliver this best-in-class storage facility to the dynamic and rapidly growing City of Charleston", said Aaron Rowley, the local development partner for both companies. "We believe the design of this building honors the character of the Neck Area and is in keeping with the high standards for architecture on the entire Charleston Peninsula."
This facility commenced construction in mid-2015 and opened to the public in August 2016.
NitNeil Partners and Live Oak Capital Partners have unveiled plans for an adaptive reuse of the historic J.F. Kurfees Paint Building in downtown Louisville, Kentucky. The vacant property was acquired in August and with the intent to transform the 110,000 square foot building into a 4-story state-of-the-art self storage facility. Located at 201 East Market Street, the J.F. Kurfees Paint Building was originally constructed in 1915 and has been designated as a historic landmark by the National Register of Historic Places. The building's Beaux-Arts style is part of an architectural movement that influenced many civic and commercial buildings in Louisville during the early 1900's.
"We are thrilled to breathe new life and define the future of this historic building", said Neil Sapra, Principal for NitNeil Partners. "Louisville is in the early stages of an urban transformation and is well positioned for continued growth given its central geographical location, diverse economy, and quality of life factors."
The building is situated in the heart of the city and in close proximity to the Medical District and the booming NuLu neighborhood. The facility will be open to the public in the summer of 2016.
The Atlanta office market is finally seeing real rent growth.