JUST CLOSED: JLL Negotiates Sale of ValueSpace Storage Portfolio in Georgia
HOUSTON, August 2015— JLL’s National Self Storage Team is proud to announce the sale of the ValueSpace Storage Portfolio. The portfolio includes two facilities located at 5990 Parkway North Boulevard in Cumming, Georgia, and 141 B Butterworth Road in Canton, Georgia. Cumming and Canton are located approximately 30 miles north of the Atlanta CBD. SecurCare Self Storage will be operating the portfolio.
The total net rentable area of the portfolio is approximately 96,000 square feet and both sites include space for construction of additional buildings. Each facility features high quality construction and is equipped with a number of amenities including climate controlled units, drive-up units, surface parking spaces, mailboxes, security fencing, electronic access control gates and 24 hour video surveillance.
Managing Directors Steve Mellon and Brian Somoza led the JLL team on the transaction.
“The portfolio is well occupied and because each site has room for expansion, the new ownership has the opportunity to create additional revenue,” said Mellon.
About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitwww.jll.com