Baranof Holdings has sold a 1.16-acre land site that will house SpaceBox Storage, a to-be-built, three-story, class A self-storage facility with 836 climate-controlled units within a qualified opportunity zone in New Orleans.
York Developments purchased the site and will develop the facility.
“York Developments is developing SpaceBox Storage in an infill location with excellent exposure in a dense, growing market with limited supply,” said Steve Mellon, managing director at JLL Capital Markets, which marketed the property on behalf of the seller. “The lack of supply in the immediate area due to the countless challenges new development faces made this land site that is already fully entitled and permitted for a self-storage development attractive.”
York Developments is constructing SpaceBox Storage at 1125 S. Liberty St. in an infill location in the New Orleans central business district. With 300 feet of frontage along the south side of Earhart Boulevar
