LOXAHATCHEE GROVES, FLORIDA – October 2023 – Lockhart Management Group (LMG) and Top Hat Commercial Real Estate (THCRE) proudly announce the successful sale of this newly built Class-A Institutional Quality Self-Storage Asset upon receiving its certificate of occupancy in October 2023. Conveniently positioned on Southern Boulevard just west of the Palm Beach International Airport in Loxahatchee Groves, Florida, this property has been acquired by Prime Storage, offering excellent access to the nearby affluent community of Wellington.

PROPERTY HIGHLIGHTS:

  • Total Gross Square Footage: 97,352 GSF
  • Net Rentable Square Feet: 74,957 NRSF
  • Number of Units: 737
  • Storage Type: 100% Climate-Controlled

This thoughtfully designed facility, strategically positioned to cater to the evolving storage needs of customers, boasts exceptional visibility along the newly expanded Southern Boulevard in Loxahatchee Groves, offering convenience and accessibility.

Brian Fulton, Broker of THCRE, reflected on the collaborative journey and dedication in finalizing the successful sale to Prime Storage.

“Collaborating with James Lockhart, Owner of LMG, underlines our commitment to clients and dedication in finalizing the successful sale to Prime Storage. Spearheading property discovery and closely working with James during a two-year rezoning process, I secured an exclusive designation. This rezoning prohibits any other self-storage facility within a 2-mile radius along Southern Boulevard, reaffirming our dedication to developing top-tier storage solutions.”

LMG and THCRE celebrate the successful sale, reaffirming their dedication to developing superior storage solutions.

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More about Lockhart Management Group:
Lockhart Management Group (LMG) is a self-storage development and acquisition company that builds sustainable, high-quality facilities through strict market underwriting and multiple levels of due diligence. Led by James Lockhart, LMG has developed or co-developed 26 properties to date and uses advanced in-house development technology and site selection technology to ensure efficiency, quality, and execution. The company is committed to creating superb risk-adjusted financial returns through its sustainable self-storage developments. For more information visit: buildselfstorage.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 development. Whether you’re looking to develop a new self-storage facility or expand your current portfolio, THCRE has the expertise and resources to help you achieve your goals. For more information visit: tophatcre.com