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South Carolina company expanding self storage business with Poinciana site

South Carolina company expanding self storage business with Poinciana site
Johnson Development Associates Inc. paid $1 million for this 6-acre parcel at the intersection of Cypress Parkway and Country Club Drive. JDA plans to build a 90,000-square-foot self storage complex. (Osceola County Property Appraiser)

Johnson Development Associates is entering the Orlando market with its first self-storage facility on Cypress Parkway in Poinciana.

The Spartanburg, South Carolina-based company paid $1 million to AV Homes for nearly six acres at the intersection of Cypress and Country Club Drive. The acquisition, made through a JDA affiliate, closed a few days after Osceola County approved the construction plans for a combination climate-controlled and drive up storage facility.

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AV Homes also signed a restrictive covenant pledging not to sell or lease any of its property within a mile of the project to a competing self storage provider.

The plan calls for a three-story climate controlled building totaling 75,600 square feet, plus about 60 single-story drive up bays wrapping around the eastern half of the property.

McMillan Pazdan Smith is the project architect, and Interplan LLC is civil engineer.

JDA was eyeing a site in Oveido for a 100,000-square-foot facility near the Aloma Avenue-S.R. 417 interchange. Company officials met with Seminole County planning staff in August to discuss the project but learned the site would have required a PD amendment. County staff told GrowthSpotter the company did not follow through with an application.

JDA is awaiting building permits for a 3-story, climate-controlled self storage building and about 60 drive-up storage bays.
JDA is awaiting building permits for a 3-story, climate-controlled self storage building and about 60 drive-up storage bays. (Osceola County)

Founded in 1985, JDA operates in multifamily, industrial and self-storage arenas. Earlier this year, the company sold the bulk of its self-storage portfolio of 32 properties and launched a rapid roll-out of new facilities.

JDA currently has nine self-storage facilities under construction, including one in south Hillsborough County scheduled to open in February. The company's industrial development division has constructed three Amazon Fulfillment Centers, including one in Lakeland.

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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