RIVERVIEW, FLORIDA – July 2025 – With demand continuing to rise in Florida’s fastest-growing submarkets, Lockhart Management Group (LMG) and Top Hat Commercial Real Estate (THCRE) have successfully completed the sale of a newly delivered, Class-A, institutional-quality self-storage facility in Riverview, Florida. Located at 10520 Co Rd 672, the facility was acquired by HPI Real Estate Services & Investments, marking a new relationship for LMG and expanding the reach of its institutional buyer network. This transaction further builds on the growing portfolio of top-tier projects delivered by LMG and THCRE. Brian Fulton of Top Hat Commercial Real Estate served as the exclusive broker on the deal.

This site checks all the boxes—strong visibility, excellent access, and a booming population all around. With a Publix just across the street and new rooftops rising in every direction, the facility is positioned to serve Riverview’s growing base of residents, commuters, and local businesses.

Property Highlights:

  • 126,758 GSF | 98,683 NRSF
  • 876 Units + 30 RV Parking Spaces | 3 Stories
  • 86% Climate-Controlled

James Lockhart, Owner of Lockhart Management Group, commented:

“Riverview represents everything we look for—strong fundamentals, high visibility, and long-term demand. This marks the latest project we’ve completed since I started 116 Construction to increase execution and create a more profitable and controlled construction environment for our projects. We’re proud of the team’s execution on this project and thrilled to see it in the hands of an experienced operator like HPI. We’re excited to begin what we hope will be a lasting relationship. I believe Lockhart Management Group and Top Hat Commercial Real Estate have created a strategic alliance to consistently deliver best-in-class storage facilities in Florida’s most dynamic markets.”

The Riverview sale represents another key milestone in LMG’s growing Florida portfolio and reinforces the firm’s commitment to disciplined underwriting, sustainable design, and long-term market performance.

###

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