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Coldwell Banker Commercial Closes Sale on NC Development Property

Coldwell Banker Commercial Closes Sale on NC Development Property
Posted: 7/19/2017 Link: WilmingtonBiz.com
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In another Brunswick County example, The Rosemyr Corporation, the parent company of AA Self Storage, bought property at 1557 Brunswick Village Road in Leland for the construction of a new 84,000-square-foot storage facility, according to an announcement Tuesday.

Chuck Lydon and Lee Weddle, agents with Coldwell Banker Commercial SunCoast, represented The Rosemyr Corporation in the property sale, the news release said. The seller was Funston Land & Timber LLC, one of the development partners of Brunswick Forest in Leland.

The new AA Self Storage facility is under construction next to the Brunswick Forest Veterinary Hospital and is the newest addition to The Villages at Brunswick Forest, a 160-acre town center comprising more than 500,000 square feet of retail and professional services.

With an estimated completion month of September, the facility will feature 300 climate-controlled units, 47 traditional units and 77 covered boat/RV spaces, according to the release. The Leland facility will be the 13th location for Henderson-based AA Storage, which has facilities in North Carolina and Virginia, and the firm's first location in Brunswick County.

“We have purchased and expanded two AA Self Storage facilities in the Greater Wilmington area since 2010 and we’ve been looking to get into Brunswick County for some time,” said Bill Coffey, president of The Rosemyr Corp., in the release. “This area is really growing and the demand for storage facilities in Brunswick County is very high, as evidenced by the three new locations that are under construction in the Leland area alone. Our location within The Villages at Brunswick Forest gives us a distinct advantage, and we anticipate that a lot of our business will come from Brunswick Forest residents.”

Additional AA Self Storage locations in Wilmington include 8137 Market St. in Porters Neck and 411 Eastwood Road. Lydon also represented AA Self Storage in the acquisition of the Porters Neck location in 2010.

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