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Public Storage buys 9 facilities for $141.7M in Palm Beach County
It has added 872,314 square feet of space through its affiliate, PS Florida One

August 20, 2013- One of the 9 sellers was an affiliate of Palm Beach Gardens-based Southern Self Storage. It is managed by Robert A. McIntosh. The 9th property was part of a personal limited partnership.


The self-storage properties acquired by Public Storage include:

  • 4085 Burns Road, Palm Beach Gardens. The property has 140,098 square feet. It was sold by Burns Road Associates for $27 million.
  • 11655 U.S. Highway 1, North Palm Beach. The property has 88,872 square feet. It was sold by North Palm Storage Partners for $21.6 million.
  • 200 Holland Dr., Boca Raton. The property has 147,280 square feet. It was sold by John A. Grant, Jr. Limited Partnership for $21 million.
  • 801 Clint Moore Road, Boca Raton. The property has 102,874 square feet. It was sold by Boca Storage Partners for $19.2 million.
  • 8452 Okeechobee Blvd., West Palm Beach. The property has 85,486 square feet. It was sold by Okee Storage Partners for $12.2 million.
  • 4801 E. Park Drive, Palm Beach Gardens. The property has 80,575 square feet. It was sold by Burns Road East Associates for $12 million.
  • 1859 N. Jog Road, West Palm Beach. The property has 74,673 square feet. It was sold by Jog Storage Associates for $10 million.
  • 401 Northlake Blvd., North Palm Beach. The property has 78,730 square feet. It was sold by Northlake Storage for $9.7 million
  • 455 Hypoluxo Road, Lantana. The property has 73,726 square feet. It was sold by Lantana Storage Partners for $9 million.

Public Storage has interests in 2,081 self-storage facilities spread across 38 states. It also own 188 storage facilities in seven European countries.


Read complete article on: www.insideselfstorage.com