Sarasota company expands self-storage footprint to Florida’s East Coast

A private investment group based in Sarasota that specializes in self-storage and retail centers is growing its footprint on the East Coast of Florida.

Baldwin-Howell Properties LLC recently acquired a 2.63-acre parcel in West Palm Beach, according to a statement from the company, which says it plans to develop a self-storage facility on the site. The company paid $2.8 million for the property, according to Baldwin-Howell Properties Vice President Jordan Farrales.

Baldwin-Howell, which specializes in the acquisition and development of self-storage and retail shopping centers, already owns self-storage properties totaling more than 550,000 square feet, according to the statement. Its portfolio includes eight Extra Space Storage facilities, including two in Clearwater and one each in Pinellas Park, St. Petersburg, Sarasota, Tampa and Venice as well as Columbia, South Carolina, Farrales says.

“We also have another deal in Kissimmee under contract and have plans to expand our footprint throughout Central Florida and in Palm Beach County,” Farrales says in an email to the Business Observer.

Later this year, the company plans to break ground on the West Palm Beach property, where it will build a 100,000-square-foot, Class A, fully climate-controlled self-storage facility. It will mark the fourth self-storage facility that Baldwin-Howell will begin construction on in the last 12 months, adding to 260,000 square feet under development, according to a statement.

Farrales also says the company is developing self-storage facilities that are coming soon to Parrish, Ruskin and Riverview.