TD&A Represents StorageMart in Two-Property Baltimore Acquisition

 

November 22, 2021

 

Baltimore, MD – Steven Cornblatt & Coleman Tirone of TD&A announce StorageMart’s simultaneous purchase of Golden Ring Mini Storage & Ritchie Mini Storage. The facilities are located at 8821 Philadelphia Rd, Rosedale, MD 21237 & 20 Ertel Rd. Glen Burnie, MD 21060 respectively.

 

Cornblatt & Tirone represented StorageMart in this transaction; the Seller, subsidiaries of Mt. Royal Management, represented itself.

 

The two properties combine for 131,345 Net Rentable Square Feet, totaling 1,407 storage units and 105 parking spaces between the two facilities. These acquisitions come on the heels of StorageMart’s entry into the Baltimore market with their August purchase of 3000 Eastern Boulevard in Middle River.

 

States Tirone: “This acquisition shows StorageMart’s desire to enlarge their footprint in major MSA’s of the Mid-Atlantic, which certainly includes Baltimore. StorageMart never wants to enter a market with only one facility. They have acquired three properties in the Greater Baltimore Area in the second half of this year, and now have a total of five stores throughout Maryland. They are a fantastic operator whose resume speaks for itself, and they will continue to thrive in the current self-storage climate. I’m excited for what the future holds for StorageMart in Maryland.”

 

TD&A represents StorageMart in numerous markets throughout the United States, including the Mid-Atlantic Region. TD&A will continue its search for operating “off-market” self-storage opportunities throughout MD, VA, DC, DE, PA and WVA with an emphasis on Virginia and Washington, D.C.

 

For more information or to discuss other self-storage opportunities, contact Steven Cornblatt at 443-921-9331 or scornblatt@troutdaniel.com or Coleman Tirone at 443-921-9328 or ctirone@troutdaniel.com

 

About StorageMart

StorageMart is the largest privately held self-storage company in the world, headquartered out of Columbia, MO. They have over 245 stores throughout the United States, Canada, and the United Kingdom. StorageMart is a family run company that has been in the storage industry since the 1970s and brothers Mike & Cris Burnam serve as CIO and CEO respectively. StorageMart will continue to be aggressive in their acquisitions of operating self-storage facilities.

 

About TD&A

TD&A is a full-service commercial real estate brokerage serving businesses throughout the mid-Atlantic and beyond. The firm takes a highly customizable approach to providing a full range of commercial real estate services, including brokerage, development, consulting and management to the retail, office, industrial, multi-family and investment market segments. For more information, call: 410-435-4004 or visit: www.troutdaniel.com.