Mele Storage Group Surpasses $300 Million Self-Storage Sales Threshold

May 30th, 2007

Marcus & Millichap’s Mele Storage Group has hit a significant milestone in self-storage facility sales. In just eight years, the Tampa-based brokerage has surpassed the $300 million mark to become one
of the firm’s top specialty brokers.

Led by East Coast Self Storage Specialist Mike Mele, the Mele Storage Group is coming off a banner year. In 2006, the brokerage closed $71.5 million in sales in Florida markets across the state. This achievement earned Mele distinction as one of Marcus & Millichap’s top brokers in Central Florida, an honor he’s received for the past three years.

“The self-storage industry has changed dramatically since 1999. We’ve seen unprecedented growth, Wall Street has its eye on the business, and the long-term prospects are encouraging,” said Michael A. Mele, Senior Investment Associate at Marcus & Millichap’s Mele Storage Group and president of the Florida Self Storage Association. “Going forward, the mindset should be less of a ‘land grab’ and more of a forward-thinking look at a maturing industry.”

Entry Filed under: Industry Happenings