Rosemurgy Properties, a privately owned commercial real estate development, investment and management firm, and Sentry Self Storage LC, an industry consulting and management firm, are developing two new facilities in Florida. One will be a newly built property while the other is a conversion of an existing structure.
The partnership purchased a .78-acre site at 2060 Coolidge St. in Hollywood, Fla., to build Sentry Self Storage-Hollywood. The five-story facility will comprise 121,000 square feet of climate-controlled space. The project will break ground in the fall, with completion slated for summer 2018.
The partnership also acquired and plans to convert the 3.2-acre site at 545 S. Federal Highway in Deerfield Beach, Fla., to Sentry Self Storage-Deerfield Beach. Expected to be finished this summer, the facility will comprise 93,163 square feet of climate-controlled space.
Kenneth Carlson - Architect P. A. of Deerfield Beach is designing the new facility. The firm is also working in conjunction with Gallo Herbert Architects, also of Deerfield Beach, on the conversion project.
“We are excited to partner once again with Sentry Self Storage and bring two best-in-class developments to Broward County,” said Alex Rosemurgy, CEO of Rosemurgy Properties. “We are looking forward to adding these locations to our existing portfolio.”
Established in 1977 and headquartered in Deerfield Beach, Rosemurgy Properties’ portfolio includes multi-family, office, retail, self storage and undeveloped land with the focus of a long-term diversified investment strategy. The company, which includes construction and property-management services, continues to expand its portfolio through acquisition and development.
Based in Coral Springs, Fla., Sentry Self Storage manages more than 30 properties in several states, and works with 14 ownership groups.