Earlier this month, the Times Free Press reported that a former Big Lots store in Brainerd will be converted to a storage facility with more than 250 units.
Tennessee Storage Broker’s Josh Flory, of NAI Knoxville, asked developer Bernard Frogel about the project in an email Q-and-A.
JF: You’re converting a former Big Lots store to self-storage – what factors led you to make that decision?
Frogel: The property is located across from the Chattanooga airport. The airport authority has purchased most of the property along Brainerd Road for future expansion of the airport and the construction of a business park and has demolished the buildings used by the former retail occupants of this property. As this area is changing from retail to industrial, the self-storage concept looked like a feasible option.
JF: In addition to converting the existing 50,000-square-foot building, you’re doubling the size of the facility. What convinced you that there’s enough demand for a project with more than 100,000 square feet of storage space?
Frogel: We had a market survey of the demand for self storage and this resulted in our move in that direction.
JF: Was there anything about this particular retail shell that made it ideal for a storage conversion?
Frogel: The building was over 30 years old but in excellent structural condition, and with over 9.5 acres of land this made for an easy storage conversion. Continue reading