The facility will comprise 103,500 square feet of storage space
November 7, 2018: Mount Pleasant, S.C based real estate developer Ziff Properties Inc. has acquired the former Golden Burley Tobacco Warehouse in downtown Lexington, Ky. They are planning to convert the warehouse to a self-storage facility. The 3.5-acre property at 574 Angliana Ave. is very near to the University of Kentucky.
The facility will be managed by self-storage real estate investment trust CubeSmart and branded under its name. The facility will feature a 103,500 square feet of storage space after the renovation.
Ziff Properties founded in 1992 by Stephen Ziff. It specializes in the acquisition, development and management of commercial properties in the Southeast. The company owns a portfolio of 3 million square feet of self-storage, shopping centers and office buildings.
“With the nearby residential growth, we believe this storage facility will be well received, and we look forward to fulfilling the storage needs of the Lexington community” said by Christian Chamblee, CEO & Director of acquisitions for Ziff.