Pinnacle buys land, scores construction loan for Jupiter self-storage facility

Project includes demolishing the vacant Ellison Graphics building

TRD MIAMI /
May.May 16, 2018 05:30 PM

Rendering for project at t 1400 West Indiantown Road and Chris Perry (Credit: Pinnacle Storage)

A company tied to self-storage developer Pinnacle Storage just bought land in Jupiter and scored $8.85 million in construction financing to build its planned 97,500-square-foot facility.

The project includes demolishing the vacant Ellison Graphics building at 1400 West Indiantown Road. Property records show Jupiter Self Storage LLC paid $3.5 million for a 1.6 acre site.

Doug Smith of EWM Realty International represented the buyer in the deal. First Southern National Bank provided the financing. Pinnacle President Chris Perry said he plans to start demolition work in June, with completion expected during the summer of 2019.

Self storage company and real estate investment trust Life Storage, based in Williamsville, New York, will be managing the facility, Perry said. Kenneth Carlson Architects designed the project.

Once complete, the three-story self-storage facility will feature 700 climate-controlled storage units. The property sits on the south side of Indiantown Road, across from the Jupiter Medical Center Urgent Care Clinic.

Pinnacle is also behind the recently completed self-storage facility at 1144 Northwest Seventh Street in Miami, just two blocks south of the Miami River and east of Marlins Park. The Jupiter project would be the company’s first in Palm Beach County.


Related Articles

arrow_forward_ios
Bluffs Square in Jupiter (Credit: Google Maps)

Equity One sells Jupiter shopping center to Sterling for $26M

(Credit: iStock)

Hot demand: Pembroke Pines self-storage facility sells for $13M

State report finds open gas valve fueled building explosion at Plantation shopping center

Bayside Marketplace is planning another high-rise entertainment venue with a view

Construction of downtown Hollywood high-rise may start soon

Downtown Abacoa and Michael Nortman of FLF Holdings (Credit: Google Maps)

Dallas firm buys retail component of Jupiter mixed-use project

South Florida firm, partner acquire Tampa office building for $29.4M

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

arrow_forward_ios