The William Warren Group Acquires Lock Tite Self-Storage in Florida

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    The William Warren Group (WWG), a privately held, Santa Monica, Calif.,-based self storage development and operating company is announcing the purchase of Lock Tite Self Storage in Florida for approximately $8.1 million. The new facility is located on 4625 Clark Rd., in Sarasota adding 79,355 rentable square feet and 675 units to WWG’s Florida portfolio. “This asset provides a tremendous value-add opportunity and an ability to capitalize on Florida’s continued economic rebound,” said Bill Hobin, president & CEO of the William Warren Group. “This new property will help fill the growing storage needs of Sarasota-area residents. We look forward to providing them with superior service for their belongings.” WWG will rebrand the property as StorQuest Self Storage, their propriety brand, making it their third location in the greater Tampa area and 19th property in their Florida portfolio. With the additional facilities added to the platform, The WWG now has 96 locations in the company’s operating portfolio, 57 of which are branded as StorQuest Self Storage “We believe bringing this property on to the StorQuest platform will improve the occupancy through our more focused and innovative management system,” said Hobin. About The William Warren Group & StorQuest Self Storage The William Warren Group, Inc. (WWG) is a privately held, fully integrated, entrepreneurial real estate company that develops, acquires and operates self storage assets in major metro markets in the US. For the past 20 years, the Santa Monica, Calif., company has taken a long term perspective by focusing on assets that offer growing cash flow and capital appreciation opportunities. To learn more about The William Warren Group and its proprietary brand of StorQuest Self Storage visit: www.williamwarren.com and www.storquest.com.]]>

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