RGH SELLS SELF-STORAGE OPPORTUNITY TO ATLANTA DEVELOPER

After nearly 2 years of hurdling environmental challenges, the former commercial laundry facility at 361 St Louis Street gets a breath of fresh air.

Photo courtesy of Dakinstreet Architects

For Immediate Release

Robbins Geraci Howle ("RGH") has successfully completed the sale of the building at 361 St. Louis Street to an Atlanta-based Self-Storage developer who plans to start construction immediately. RGH has retained two adjacent parcels that are planned for new Multifamily developments.

After navigating environmental challenges for nearly two years, RGH acquired the property along with two adjacent vacant parcels just weeks ago. With the residential population in downtown continuing to grow, RGH determined the highest and best use for the existing building on the 361 St. Louis parcel would be a first-class self-storage redevelopment. We look forward to seeing the purchaser breathe new life back into this block of St. Louis Street.

About Robbins Geraci Howle

Robbins Geraci Howle ("RGH") is a turnkey real estate development and investment firm. Privately held, our group specializes in creating investment opportunities within the Mixed-Use, Multifamily, and SFR/BTR spaces. Primarily focused along the Gulf Coast, RGH seeks out opportunities to unlock the potential in a variety of real estate including urban infill, adaptive re-use, and suburban situations. In executing this mission, our seasoned team of professionals takes a hand-on approach in the development of each project, assimilating at a local level, and creating a plan to deliver superior returns that weather the cycles of the market.

For information regarding this disposition and RGH's plans for future development on its retained land, reach out to showle@rghpartners.com