Noble Self Storage breaks ground this week on Batavia Square on a new 130,000 square-foot two-story climate-controlled self-storage facility and a 44,729 SF high-end electric car dealership.
Two years in the making, Noble Self Storage acquired the closed Sam’s Club building located at 510 N. Randall Road in Batavia in March 2024.
Linda Kost represented the seller, 501 N. Randall Rd Batavia LLC Inc., and the buyer, Noble Self Storage/Bradley Financial Corp., Atlanta, GA.
Linda Kost from Grid 7 Properties dba Realty Metrix Commercial was the sole broker in the transaction. She assisted both the buyer and seller with development expertise, the entitlement process, including rezoning, and brokerage services.
This 127,937 square-foot building situated on 17.66 acres was vacated by Sam’s Club in January 2018. The building was acquired by the seller in March 2020 just days before the pandemic, as an investment property. Leasing opportunities were thwarted by the lockdown and accelerated shoppers’ transition from brick-and-mortar shopping to online shopping. With the downsizing or closing of big box retailers in Batavia Square, this new mixed-use development is the perfect fit for Batavia. The self-storage facility will be in the rear of the building and the car dealership will occupy the entire frontage.
This upscale, mixed-use development will complement Batavia’s Randall Road retail corridor. Completion of this project is projected for early 2025.
Brad Noble, president of Bradley Financial Corp., stated that he is “excited to get this project underway! There are huge economic benefits to converting a very large, vacant retail building into a mixed-use development. It will maximize the use of this entire site. It will have a very positive economic impact on Batavia through retail sales tax dollars and the increase in real estate taxes. And its Green — the most energy efficient development is to redevelop an existing vacant building.”
Bradley Financial Corporation is a national developer of high-end self-storage facilities and hotels.
Grid 7 Properties LTD dba Realty Metrix Commercial is a full-service commercial real estate and property management company located in Algonquin. Visit www.realtymetrix.com
For additional information, contact Linda Kost at LKost@realtymetrix.com or 847-910-8820.
