Sovran Self Storage (SSS) Acquires Storage Facilities for $44 Million
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Sovran Self Storage, Inc. (NYSE: SSS) announced the acquisition of twelve self-storage facilities for a total cost of $44 million. Nine of the acquisitions are located in Western New York, two are located in Texas and one in Mississippi. The New York properties were purchased from Benderson Development, a Florida based company.
The acquisitions bring Sovran's total number of Western New York stores to fifteen. The Company now employs over 1,000 people, with more than 150 people in the Buffalo Metro area. All twelve of the stores will be re-branded to the Company's name of Uncle Bob's Self Storage®.
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