It’s the company’s eighth acquisition this year
March 19, 2017: Compass Self Storage, a member of the Amsdell family of companies, has recently acquired a self storage facility in Fort Worth, Texas. The site was purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will be renamed under the Compass name, according to a press release.
The property will have over 49,000 net rentable square feet of storage space in climate-controlled and drive-up units. It also features covered vehicle-storage spaces, a retail office that sells moving and packing supplies, and truck rentals. Compass plans to upgrade the site with a new access-control and security system, the release stated.
The company currently operates 77 facilities nationwide, including five in the Greater Dallas/Fort Worth market. “We are very pleased to announce the acquisition of this great storage center as it broadens the Compass footprint in this fast-growing market. We are excited to bring our top-notch customer-service philosophy and help with the moving and storage needs of more people in this market,” said Todd Amsdell, president.
Based in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. Since its inception, the company has been active in several billions of dollars of real estate ventures, with a primary focus on self-storage. It has owned and operated more than 500 storage centers under various trade names in more than 27 states. It currently owns and operates properties in 15 states.