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Public Storage announces the acquisition of land for self-storage development in Huntersville, NC
The site has been acquired for $1 million

December 5, 2016: Established in Glendale, California, Public Storage Inc., a self-storage real estate investment trust, has recently acquired land in Huntersville, NC, on which it plans to construct a multi-story facility. 

According to the source, Public Storage was attracted to the location because of its proximity to Hendrick Auto Mall, Walmart and Interstate 485. The area is also experiencing a surge of new development, including housing and self-storage.

Public Storage was represented in the transaction by Mason Adams, associate broker, and Frank McCleneghan, office specialist, with CORFAC International and Piedmont Properties of the Carolinas Inc.

Public Storage has interests in 2,319 self-storage facilities in 38 states, with approximately 152 million net rentable square feet. Operating under the Shurgard brand name, the company also has 218 facilities in seven European countries, with approximately 12 million net rentable square feet.

Based in Charlotte, NC., Piedmont Properties is a commercial real estate firm. Its services include disposition, evaluations, and sales and leasing.