Exclusive: Building purchase adds another piece to Revolution Mill campus development

Self-Help Ventures Fund has purchased a final piece of the Revolution Mill property in eastern Greensboro that expands the mixed-used campus the Durham-based nonprofit is developing.

In a multipart real estate deal that got underway late last year, Self-Help this month completed its purchase of the Revolution Mill House at 2004 Yanceyville St., a nearly 100-year-old portion of the former Cone Mills plant that's operated as a storage unit business.

Jim Overton, Revolution Mill project manager, said last year Self-Help purchased the outstanding note for the building from its previous owners, Frank Aumanand Jim Peeples, who were also the previous owners of the remainder of Revolution Mill.

The idea in that initial step was to help Auman and Peeples to continue to unwind their investment in the former mill, while also paving the way for Self-Help to eventually purchase both the building and the storage business, which Auman and Peeples have operated as "A Self Storage Center."

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