Financing will be provided by Planters Bank of Mississippi
July 3, 2017: Absolute Storage Management, a self-storage owner and property-management firm, is building a new self storage facility in Starkville, Miss., with joint-venture partners Jim Burrow, an independent investor, and Billy Orgel, CEO of Tower Ventures, a telecommunications company. The facility is expected to open early next year.
The 6-acre property is on Highway 25, near a Super Walmart retail store. Phase one of the project will encompass 65,000 square feet of self-storage and 9,000 square feet of covered vehicle parking.
In January, ASM purchased two Madison, Ala., facilities in another joint venture with an affiliate of The Natchez Group, a self-storage developer. The sites, Balch Road Self Storage and Madison Boulevard Mini Storage, comprise 83,000 square feet of storage space. ASM plans to upgrade the offices and security systems at each facility, according to a company press release.
ASM has been in business since 2002 and manages over 88 self-storage facilities, 16 of which are owned and operated in joint ventures with the company. Based in Memphis, Tenn., it has regional offices in Atlanta; Charlotte, N.C.; Jackson, Miss.; and Nashville, Tenn.