{"id":6545,"date":"2024-06-24T17:46:55","date_gmt":"2024-06-24T17:46:55","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=6545"},"modified":"2024-07-08T11:05:56","modified_gmt":"2024-07-08T11:05:56","slug":"self-storage-developers-plans-to-develop-former-sears-store-at-the-mall-at-greece-ridge-in-rochester-ny","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/self-storage-developers-plans-to-develop-former-sears-store-at-the-mall-at-greece-ridge-in-rochester-ny\/","title":{"rendered":"Self-Storage Developers Plans to Develop Former Sears Store at The Mall at Greece Ridge in Rochester, NY"},"content":{"rendered":"


\n

\"Wilmorite,
Wilmorite, through a subsidiary, has sold the former Sears store at The Mall at Greece Ridge to entities connected to New Hampshire-based True Storage. (File photo by Kevin Oklobzija)<\/figcaption><\/figure><\/p>\n

Plans to convert the former Sears store at The Mall at Greece Ridge into a self-storage center are moving forward.<\/span><\/span><\/span><\/p>\n

SGRC LLC, an affiliate of mall owner Wilmorite Management Group, LLC, completed the sale of the former Sears retail property to a series of entities connected to True Storage.<\/span><\/span><\/span><\/p>\n

Headquartered in Manchester, N.H., True Storage specializes in the conversion of former big-box stores into self-storage facilities, which are then managed by third-party operators such as Cube Smart, National Storage and Store Space.<\/span><\/span><\/span><\/p>\n

2527, LLC; Bourne Acquisition, LLC; Greece Ridge Property, LLC; and JB Greece, LLC paid $4 million for the property, which is just shy of 124,000 square feet. The deed was filed on Monday with the Monroe County Clerk\u2019s Office.<\/span><\/span><\/span><\/p>\n

True Storage recently received approval from the town of Greece for repurposing of the vacant building into a self storage center.<\/span><\/span><\/span><\/p>\n

Business hours would be 9 a.m. to 6 p.m. Monday through Friday and 8 a.m. to 7 p.m. on Saturday, according to information provided to the Greece Board of Zoning Appeals. Customers leasing storage units would have 24\/7 keycard access.<\/span><\/span><\/span><\/p>\n

The property has been vacant since July of 2018, when Sears shuttered operations. The store opened in 1967 as the mall\u2019s northwest corner anchor tenant.<\/span><\/span><\/span><\/p>\n

Wilmorite, through SGRC LLC, bought the building for $2,008,500 at auction in June of 2023 during a nationwide liquidation of Sears properties.<\/span><\/span><\/span><\/p>\n

True Storage has facilities 14 states, from New England to Florida to the Midwest.<\/span><\/span><\/span><\/p>\n

Source<\/span><\/span><\/span><\/span><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Plans to convert the former Sears store at The Mall at Greece Ridge into a self-storage center are moving forward. SGRC LLC, an affiliate of mall owner Wilmorite Management Group, LLC, completed the sale of the former Sears retail property to a series of entities connected to True Storage. Headquartered in Manchester, N.H., True Storage specializes in the conversion of former big-box stores into self-storage facilities, which are then managed by third-party operators such as Cube Smart, National Storage and Store Space. 2527, LLC; Bourne Acquisition, LLC; Greece Ridge Property,…<\/p>\n","protected":false},"author":13,"featured_media":6546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6545"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=6545"}],"version-history":[{"count":1,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6545\/revisions"}],"predecessor-version":[{"id":6547,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6545\/revisions\/6547"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/6546"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=6545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=6545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=6545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}