{"id":1004412823,"date":"2020-04-08T04:15:04","date_gmt":"2020-04-08T12:15:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004412823"},"modified":"2025-02-28T00:07:45","modified_gmt":"2025-02-28T08:07:45","slug":"cedarwood-cos-wraps-up-construction-on-orlando-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cedarwood-cos-wraps-up-construction-on-orlando-facility\/","title":{"rendered":"Cedarwood Cos. Wraps Up Construction on Orlando Facility"},"content":{"rendered":"
\"\"<\/a>

Image via Pixabay.com<\/i><\/p><\/div>\n

Cedarwood Cos. has wrapped up the development of its first self storage property in the U.S., a 787-unit building in Orlando, Fla. The developer acquired the site for $1.6 million from Battaglia Group Management in 2018, according to public records. Huntington Bank provided $8.5 million in construction financing for the project.<\/p>\n

Located on a 1-acre parcel at 930 Sligh Blvd., the 117,000-square-foot building features all climate-controlled units, ranging from 20 to 286 square feet. The six-story facility includes passenger elevators, security cameras, moving carts and supplies and truck rentals.<\/p>\n

Situated near downtown Orlando, the property is close to Interstate 4 and the Orlando Regional Medical Center. Additionally, several residential communities are within a 1-mile radius.<\/p>\n

US Storage Centers will manage the building, making it the fourth addition to the company’s management portfolio in the Orlando market, according to President & CEO Charles Byerly. Last fall, the company paid $9 million<\/a> for a 118,595-square-foot facility in Bakersfield, Calif. The seller was a private investor.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 787-unit development marks the company’s first self storage property in the U.S.<\/p>\n","protected":false},"author":867,"featured_media":1004507727,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,1493],"tags":[32861,37948],"class_list":["post-1004412823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-orlando","tag-huntington-bank","tag-us-storage-centers"],"acf":[],"yoast_head":"\nCedarwood Cos. 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