Released on = May 16, 2007, 4:48 am

Press Release Author = Self Storage Promotions

Industry = Real Estate

Press Release Summary = Marcus & Millichap's Mele Storage Group continues its 2007
sales streak with the closing of a state-of-the-art facility in central Florida that
offers boat and RV storage.

Press Release Body = TAMPA, FL - APRIL 27, 2007 - Marcus & Millichap's Mele Storage
Group continues its 2007 sales streak with the closing of Armor Storage. The Mele
Storage Group's Michael Mele brokered the $4 million deal for his client, Tampa
Bay-based Watermark Development Group.

"Much of the Florida's population growth is heading to southwest and central
Florida, and the Watermark Development Group is benefiting from its ability to pick
the right market at the right time and build a Class A facility with attractive
amenities," said Michael A. Mele, Senior Investment Associate at Marcus &
Millichap's Mele Storage Group.

A newly constructed Class-A facility located in Spring Hill, Armor Storage leverages
its strategic Central Florida position by offering climate-controlled traditional
storage, RV and boat storage. Spring Hill is a growing city in fast-growth Pasco
County. Indeed, Pasco County is the 38th fastest growing county in the nation with a
population growth of 5.2 percent a year. Spring Hill's population exceeds 70,000
with a median resident age of 48 and income of $42,000. There are 32,782 households
within a five-mile radius and a projected population growth of 15 percent by 2010.

This facility is located along County Line Road, a major thoroughfare in the Tampa
Bay area. The site is also strategically situated five miles from U.S. 19, another
high-trafficked roadway. Armor Storage benefits from high traffic counts that open
the door to ongoing revenue growth at the on-site car wash from storage customers
and others who drive by the facility on a daily basis. Armor Storage offers 317
units ranging in size from 5X5 to 25X14 at its 36,335-net-rentable-square-foot
facility. This Class A facility is fenced with additional security features that
keep the premises safe.

Spring Hill is only 35 miles northwest of Tampa in the heart of Florida's Nature
Coast. RV and boat storage caters to the booming recreational market in the region
and, in fact, nationwide. U.S. demand for recreational boating will reach $16.7
billion in 2009, according to market researcher The Freedonia Group. And the number
of RV-owning households in the U.S. is expected to rise to nearly 8.5 million by
2010, with "rolling mansions" costing $1 million or more becoming more common,
according to the Recreational Vehicle Industry Association. As for traditional
self-storage, gross revenue for the industry was $18.5 billion in the U.S. alone in
2005, the Self Storage Association reports.

"Watermark has a reputation for building best of breed properties with suitable
amenities and Armor Storage certainly fits that description," said Mele, who is also
president of the Florida Self Storage Association. "The buyer was a savvy investor
who understood the quality of the facility, as well as its strategic location. These
are among the chief ingredients of a profitable self-storage venture."

The Mele Storage Group is also representing Watermark Development Group on the sale
of the Gandy at 4th Street Storage property in Pinellas County's St. Petersburg. The
property is still under construction, but lease up projections are healthy. For more
information on the financial terms of the deal, contact Marcus & Millichap's Mele
Storage Group at 813.287.9777.

About The Mele Storage Group
Led by East Coast Self Storage Specialist Michael A. Mele, The Mele Storage Group
has sold over 70 self-storage properties totaling over $300 million in sales. Mele
has over $125 million in Active and Under Contract listings and a database of
approximately 3,200 buyers seeking to expand their self-storage portfolios on the
East Coast. Mele closed more than $86 million in self-storage sales in 2006 alone.
Each member of the group is a specialist in the fields of financial analysis, market
research, contract management and marketing.

About Marcus & Millichap
With more than 1,100 investment professionals in offices nationwide, Encino,
Calif.-based Marcus & Millichap is the largest commercial real estate brokerage in
the nation focusing exclusively on real estate investments. In 2006, the firm closed
more than $22 billion in transactions. Founded in 1971, the firm has perfected a
powerful system for marketing properties that combines product specialization; local
market expertise; the industry's most comprehensive research and analysis
capabilities; state-of-the-art technology; and established relationships with the
largest pool of qualified investors nationally.

PR Contacts:

Self Storage Promotions
Jennifer LeClaire
1913 S. Ocean Drive, Suite 237
Hallandale Beach, Fla. 33009
jennifer@selfstoragepromotions.com
954.454.0072

Mele Storage Group
Darlina Conto
7650 Courtney Campbell Cswy., Suite 920
Tampa, FL 33607
Dconto@marcusmillichap.com
813.287.9777, ext. 187



Web Site = http://www.melestoragegroup.com

Contact Details = Self Storage Promotions
Jennifer LeClaire
1913 S. Ocean Drive, Suite 237
Hallandale Beach, Fla. 33009
jennifer@selfstoragepromotions.com
954.454.0072