Day: September 29, 2021

Winter Garden-Based Store Space Plans Nationwide Expansion, New HQ

A fast-growing Winter Garden-based self storage company wants to expand its nationwide footprint and build a much larger new headquarters. Store Space Self Storage plans to build a new 60,000-square-foot, Class A headquarters on 16 acres it has under contract to buy for an undisclosed price. The land at 560 E. Crown Point Road is currently vacant, with Deepcreek Partners LLC last purchasing the similar parcels for $2.2 million in January 2015, according to the Orange County Property Appraiser. Based on industry standards, the new corporate office space would cost…

Valley National Acquiring Bank Leumi USA for $1.1 Billion

Valley National Bank is making its second major acquisition in the last three months, this time agreeing to acquire Bank Leumi USA for $1.15 billion. Leumi’s shareholders will receive 3.8 shares of Valley National stock and $5.08 for every share they have, according to Bloomberg. Bank Leumi Le-Israel BM, the parent company of the U.S. banking side of the business, will own more than 14 percent of Valley National commons stock. Valley National will be able to take advantage of Bank Leumi USA’s offerings for wealthy and middle-market commercial clients.…

Planning Board Approves 104,700 Square Foot Self Storage Facility and Plans to Reevaluate How It Deals with Warehouses

Elizabeth Avenue continues its commercial development with the Planning Board’s approval of a 104,700 square foot self storage facility that will sit just up the road from a series of warehouses approved earlier this year. The three-story facility will replace the landscaping business currently at 470 Elizabeth Ave., adjacent to the Somerset Run age-restricted development to the north and east of the site. The board waived for a fence along the property line citing the plan for a significant landscape buffer and setback from the neighboring property. This is a…