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Our Role

RPL supported financier in due diligence and watched over the renovations to completion.

Unique Approach

• Obtained zoning approvals
• Converted an existing lift to serve as a formal elevator
• Customary challenges in adaptive reuse from industrial to self-storage

Outcomes

• Renovations completed
• Facility successfully opened for storage use

Scope of Work

Conversion of old industrial building into a self-storage facility with over 900 units on two floors.

Project Summary

• Client: One of the largest institutional private equity investment firms
• Location: Lynnfield, MA
• Size: 934 units, 2 floors, 83,400 SF
• Timeline: 2015 to 2017
• Services: Due Diligence and Renovation Oversight
• Cost $3 Million
• Contractor: RJ Kelly Co.