NY Art Logistics Firm UOVO Expands Into South Florida With Museo Vault Acquisition

reprints


Wondering how to get that Monet down to Miami? 

New York-based fine art storage and shipping firm UOVO is expanding into South Florida with its acquisition of Museo Vault, a top art logistics firm in the area. 

SEE ALSO: Staley Point Capital Purchases LA-Area Warehouse Site for $39M

The deal gives UOVO control of 90,000 square feet in South Florida, including art storage facilities at 346 NW 29th Street in Miami and 400 Northpoint Parkway in West Palm Beach, plus a viewing room in Wynwood. Separately, UOVO is also developing an additional 50,000-square-foot art storage facility in Palm Beach.

The acquisition closed this week, according to a spokesperson for UOVO, and the art collector and storage company plans to expand further, opening a 50,000-square-foot facility in Delaware later this year.

UOVO’s growing footprint in South Florida coincides with a number of New York gallery branch openings in Miami and Palm Beach. Its acquisition of Museo Vault comes over a decade after the Miami art logistics company’s founding in 2008. Museo Vault’s facility was built exclusively for the storage of art and — sitting 18 feet above sea level at the highest elevation point in the arts district of Wynwood — is built to withstand a Category 5 hurricane. 

“Today marks an exciting chapter in our company’s development as we strive to better serve our clients under an expanded UOVO footprint,” Steven Guttman, UOVO founder and co-chairman, said in prepared remarks. “With a highly experienced team of professionals and a dedicated clientele, Museo Vault perfectly aligns with UOVO’s mission to deliver exceptional client service with individualized attention and care.”

UOVO has a portfolio of four facilities in New York, which include a flagship in Long Island City and a newer facility in Bushwick, Brooklyn.