Transactions - APRIL 9, 2020

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Cedarwood Development completes construction of first U.S. self-storage facility

by Released

Fairlawn, Ohio-based Cedarwood Development, an affiliate of Cedarwood Cos., has completed construction of its first self-storage facility in the United States, a 787-unit, 117,000-square-foot property located at 930 Sligh Boulevard in Orlando.

The facility will be managed by U.S. Storage Centers, a premier owner/operator of self-storage facilities nationally, which has more than 9 million rentable square feet under management.

Ideally located just south of downtown Orlando, this facility features climate-controlled units, passenger elevators, moving carts, 24-hour video surveillance and moving supplies.

“We are very excited to add our fourth facility to the greater Orlando market,” said Charles Byerly, president and CEO of U.S. Storage Centers. “Over the past several months, we’ve had a significant number of owners come onto our third-party platform. We are very fortunate to have one of the most seasoned self-storage management teams in the industry each

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