ADEVCO Corporation (ADEVCO) and Batson-Cook Development Company (BCDC) have broken ground on two Extra Space Storage facilities in the Southeastern United States, which will add 1,481 units to the joint venture’s portfolio.
The partnership commenced construction last summer and will deliver in the fall an Extra Space Storage in Jonesboro, Ga. The 729-unit project located at 8500 Tara Boulevard is 15 miles south of downtown Atlanta and on Highway 19, which connects to Interstate 75, providing easy access to metro Atlanta.
ADEVCO and BCDC broke ground on an Extra Space Storage in Mobile, Ala. Aug. 4, a 2-acre site at 3679 Airport Boulevard. With the two deals announced today, the JV has a total of 2,991 units either delivered or under construction across five facilities.
“BCDC is honored to join with ADEVCO in delivering top-of-market storage solutions to markets throughout the southeast,” said Litt Glover, President and CEO, BCDC. “Extra Space Storage is a leading operator of self-storage facilities in the United States, and we are thrilled to be affiliated with a well-known and incredibly successful company.”
Both facilities will be three-story buildings with decorative skins, loading docks, two service elevators and state-of-the-art CCTV and card access security systems. Stinard Architecture is the architect.
Integra Construction, Inc is the general contractor for the Jonesboro Extra Space, with Renasant Bank providing financing. Griffco Design/Build is the general contractor for the Mobile Extra Space, with Georgia’s Own Credit Union providing financing.
About Batson-Cook Development Company
Founded in 1963, Batson-Cook Development Company (BCDC) is a wholly-owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services from development and construction to equity and credit enhancements to brokerage and property management. Learn more by visiting batsoncookdev.com.
About ADEVCO
Founded in 1990, ADEVCO delivers quality developments and program management services to Fortune 500 companies as well as private and institutional investors throughout the United States. Our developments are located in 40 different markets in 22 states. Since its inception, over 30 years ago, ADEVCO has developed over eight million square feet of climate controlled storage, corporate office, call center facilities, assisted living communities and multifamily projects valued at more than $800 million. Our specialty – achieving your real estate objectives by consistently delivering effective development solutions and superior program management services. Visit www.ADEVCO.com.
