Cedarwood Development Completes Construction of Self Storage Facility in Clearwater, Florida

Westport Properties, Inc. to oversee management of property

CLEARWATER, FLORIDA | SEPTEMBER 2020 – Fairlawn, Ohio-based Cedarwood Development, an affiliate of Cedarwood Companies, announced that it has completed construction of a 585 unit, 60,000-square-foot self storage facility located at 1000 South Myrtle Avenue in Clearwater, Florida. The facility will be managed by Westport Properties, Inc., a premier owner/operator of self storage facilities nationally which has over ten million rentable square feet under the US Storage Centers brand. This is the first facility in Clearwater, Florida for Cedarwood Development and US Storage Centers.

“We are excited to open our newest project in Clearwater and expand the US Storage brand to the market,” said Brian Grassa, Director of Development with Cedarwood. “This facility continues our company philosophy of best in class service in a quality customer-oriented project.”

Ideally located just south of downtown Clearwater in a heavily populated residential area, this facility features climate-controlled units, passenger elevators, moving carts and drive up units.

“We are excited to add this location to our third-party portfolio,” said Charles Byerly, CEO of Westport Properties, which is the parent company that owns and operates the US Storage Centers brand. “This is the second property we’re managing for Cedarwood. They’ve been a great group to work with and we look forward to helping them grow their self storage portfolio and our partnership.”

About Cedarwood Companies

Since 1972, Cedarwood Development, has provided a full range of real estate development services to a wide array of clients. We have developed tens of millions of commercial and retail projects across the United States. Its team of development professionals have diverse experience in build-to-suit projects, office buildings, shopping centers, multifamily communities, resort hotels, senior living communities and self-storage projects. Through the Cedarwood affiliated companies, it offers full in-house services from concept to completion during the development, design, construction and management process.

About US Storage Centers

Founded 1985, US Storage Centers is an owner-operator of self storage facilities across the country. The Company is a fully integrated operator that develops, acquires and manages its portfolio—additionally, the Company provides third-party management services. As of March 2020, it has over ten million rentable square feet under management and employs approximately 400 people nationwide. US Storage Centers is a founding partner of the 501(c)3 Kure-It, a non-profit organization that raises money for underfunded cancer research, and Charity Storage, a 501(c)3 that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $9M and Charity Storage has raised over $500K.