Carlyle, Westport to build Kendall self-storage center

Miami /
Aug.August 21, 2016 11:40 AM

The Carlyle Group and self-storage operator Westport Properties Inc. paid $4 million for an industrial building in Kendall that they plan to replace with a self-storage center.

A joint venture between Carlyle and Westport intenda to replace the 21,786-square-foot industrial building with a six-story U.S. Storage Centers facility with 169,712 square feet.

Miami-Dade County already has approved the self-storage development by Carlyle and Westport.

The industrial building occupies a 43,259-square-foot lot at 13301 Southwest 77 Avenue near The Falls shopping center. The seller of the industrial building, Wildlands Holdings LLC, had acquired it for $1.3 million in 1983.

Carlyle and Westport have another joint self-storage development under way in North Miami.

Washington, D.C.-based Carlyle is a worldwide alternative asset manager with $188 billion of assets under management.

Irvine, California-based Westport has a self-storage portfolio with more than 7 million square feet of space available to renters in 13 states. [Inside Self-Storage] — Mike Seemuth


Related Articles

arrow_forward_ios
1930 Northwest 23rd Street with (from left) Shane Neman, Richard Kilstock and David Aaron (Getty, Arkadia, Neman Ventures)
Arkadia buys cold storage warehouse in Allapattah for $5M
Arkadia buys cold storage warehouse in Allapattah for $5M
Dan Azel with 8900 Southwest 107th Avenue and 10700 Southwest 88th Street (Credit: Google Maps)
Construction honcho pays $17M for Kendall office buildings
Construction honcho pays $17M for Kendall office buildings
Vladislav Doronin (Credit: Gesi Schilling via Wikipedia)
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Billionaire developer Doronin buys Fort Lauderdale assemblage for $63M
Seth Wise, Co-CEO of The Altman Companies, Altís Ludlam Trail
Altman scores $55M construction loan for Ludlam Trail project
Altman scores $55M construction loan for Ludlam Trail project
Joseph Swedroe (Corcoran, iStock)
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Corcoran agent in Miami loses job over “racist and fear-based” marketing
Vanessa Grout with Vladislav Doronin
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Vanessa Grout leaves Ugo Colombo’s firm to lead OKO Group’s real estate arm
Rendering of the project with Jon Paul Pérez (top) and Jorge Pérez 
Related switches gears on Terminal Island project, now plans low-rise offices
Related switches gears on Terminal Island project, now plans low-rise offices
Edgardo Defortuna and a rendering of La Playa de Varadero
Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
Not stopping for the pandemic: Fortune, Château could launch Sunny Isles project by year-end
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...