News: Front Section
Posted: June 9, 2023
True Storage opens 19th Class A self-storage facility at 96 Dupont Dr., Providence, RI
Providence, RI True Storage has opened its 19th Class A self-storage facility. Located at 96 Dupont Dr., day-to-day operations will be managed by CubeSmart, while True Storage retains ownership of the property. The multi-story facility was designed and built by True Storage’s in house architecture and development team.
This tri-level, ground up development is the newest addition to True Storage’s portfolio and will feature 64,831 rentable s/f and nearly 800 units of varying sizes.
“We are proud to open a brand-new Class A facility that showcases the attention to quality we deliver at each of our projects,” said Chris Lewis, director of Architecture & Design for True Storage. “This location is one that has benefits to both nearby neighborhoods and business. The city of Providence has been a pleasure to work with through our approval and permitting process.”
CubeSmart customers will find this location has access to Route 10, Route 1, Huntington Ave., and I-95, and also flexible hours, 24-hour interior and exterior video surveillance, security access to the unit, an assortment of unit sizes, covered loading bay, and high-end finishes throughout the facility.
True Storage, a self-storage developer that focuses on bringing value and lifestyle experiences to communities across the country, has developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, Georgia, and throughout the New England area, with a dozen more in the pipeline.
Tags:
Front Section
MORE FROM Front Section
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
Quick Hits
Columns and Thought Leadership
Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore
While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul
To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.
Make PR pop by highlighting unique angles - by Stanley Hurwitz
Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore
Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.