DAVENPORT, FLORIDA – June 2025 – Lockhart Management Group (LMG) and Top Hat Commercial Real Estate (THCRE) are pleased to announce the successful sale of a newly developed, Class-A institutional-quality self-storage facility located at 1228 Finley Avenue in Davenport, Florida. Prime Storage acquired the property during lease-up, with occupancy surpassing 40% within the first three months of opening following its completion in March of 2025. Brian Fulton of Top Hat Commercial Real Estate served as the exclusive broker on the transaction, facilitating the successful sale between Lockhart Management Group and Prime Storage.

Strategically positioned just off US-27 and minutes from I-4, the facility benefits from strong demographics, sustained population growth, and increasing demand for high-quality storage options. Situated in one of Florida’s fastest-growing markets, the property offers excellent access to surrounding residential and commercial activity.

Property Highlights:

  • 97,959 GSF | 73,782 NRSF
  • 716 Units | 3 Stories
  • 100% Climate-Controlled

James Lockhart, Owner of Lockhart Management Group, commented:

“Davenport is one of Florida’s fastest-growing markets, and we’re proud to deliver a best-in-class facility that reflects this momentum. It’s a major milestone — our first project built entirely in-house by 116 Construction, and we’re honored Prime Storage made it their second acquisition from our team. Seeing them return is a testament to the strength of our developments and relationships. From site selection to lease-up, our team focused on long-term value creation, and we’re excited to see Prime take it to the next level. Huge thanks to John Paul Judd, Amy Zucker, Maria Garcia, Jenny Evins and Clark Hendin at 116 Construction, Brian Fulton, and the Top Hat Commercial Real Estate team for helping bring this vision to life.”

This milestone further demonstrates LMG’s ability to identify, build, and deliver top-tier storage assets in key Florida submarkets.

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More about Lockhart Management Group:
Lockhart Management Group (LMG) is a self-storage and multifamily development and acquisition company that builds sustainable, high-quality properties through strict market underwriting and multiple levels of due diligence. Led by James Lockhart, LMG has developed or co-developed 25+ properties to date and uses advanced in-house development and site selection technology to ensure efficiency, quality, and execution. The company is committed to creating superb risk-adjusted financial returns through its sustainable developments. LMG is also the owner and manager of 116 Construction, LLC, a licensed Florida General Contractor, enabling the storage development team to now build all deals in-house. For more information, visit: lmgventures.com

More about Top Hat Commercial Real Estate:
Top Hat Commercial Real Estate (THCRE) is a boutique brokerage and development consulting firm headquartered in Tampa, Florida. Licensed in the state of Florida with a team of experts in site feasibility, property development, valuation, cash flow modeling, research, sales, and marketing, THCRE is equipped to handle all aspects of self-storage and multifamily developments. Whether you’re looking to develop a new project or expand your current portfolio, THCRE has the expertise and resources to help you achieve your goals. For more information visit: tophatcre.com