22 Jan Amsdell Cos./Compass Self Storage Acquires Facility in McDonough, GA
Compass Self Storage, a member of the Amsdell family of companies, has acquired McDonough-Henry Self-Storage in McDonough, Ga. It’s the company’s 12th location in the Greater Atlanta market, according to a press release. The site was purchased by separate affiliates of Amsdell Group LLC and Compass Self Storage LLC and will be rebranded under the Compass name.
The property at 230 McDonough Parkway comprises more than 72,000 net rentable square feet, some of which is climate-controlled. Compass plans to expand the property with additional drive-up units. It’ll also upgrade the security system with the installation of individual access control. The facility offers truck rentals, and a retail center that sells moving and packing supplies.
“This well-maintained, single-story property in an upscale and growing submarket is a great addition to our Compass footprint in Atlanta. Compass Self Storage will proudly offer our new customers top-notch product and customer service to make moving and storing as pleasant as possible,” said Todd Amsdell, president.
Compass was represented in the transaction by J.L. “Chip” Mack III, a partner with real estate firm McWhirter Realty Partners LLC.
Compass completed 13 purchases and developments last year, the release stated. Last month, it acquired American Storage Center in Snellville, Ga., which is also in the Greater Atlanta market.
Headquartered 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 Florida, Georgia, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania, Tennessee and Texas.