Category: News

Manchester, NH – New England dominant self-storage developer, True Storage was named 67^th top self-storage owner in the country by Inside Self Storage in their 2024 Top Facility Owners report. The company jumped 20 spots from the 87^th spot they were awarded with in 2023.

Over the past year the developer has completed projects in Massachusetts, New York, Connecticut, Georgia, Kentucky, Rhode Island, New Hampshire, Michigan and Wisconsin. With 2023 being a record development year for True storage their portfolio grew 54% on a square footage basis, which ranked them the 2^nd highest portfolio growth in the country. Storage Rentals of America had the highest growth rate at 55.1%.

For more on Inside Self Storages 2024 Top Facility Owners report check out www.insideselfstorage.com

True Storage is on path for another record-breaking year. The developer currently has over 1.1 million sqft under construction and aims to deliver a large percent of that to market by the end of 2024. In total the developer has delivered nearly 3.4 million sqft of Class A self-storage space to market since inception in 2020.

True Storage focuses on bringing value and lifestyle experiences to communities across the country, has proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

Hooksett, NH – New England dominant self-storage developer, True Storage completed its 10^th completion of the year this past week with the opening of its newest CubeSmart conversion. The project is a conversion of a former Kmart that had been vacant for over a decade. The property is located at 1267 Hooksett Rd in Hooksett New Hampshire and is the anchor box in the L shaped shopping plaza, which True storage also owns and is making improvements to.

This Class A self-storage conversion features True Storage’s expertise in transforming underutilized properties into state-of-the-art storage facilities that serve a public need. Day-to-day operations will be managed by CubeSmart, while True Storage retains ownership of the property.

The property was purchased by the self-storage developer in 2022 with the vision of a self-storage conversion in the vacant Kmart Box. Hooksett Rd is a very well-traveled Corridor close to the developer’s main office which made the project even more exciting. The building features 95,000 sf of climate-controlled Cass A self-storage space with a variety of exterior drive-up units as well.

“Revitalizing properties in our backyard always brings an extra level of excitement to the True Storage team,” said Chris Lewis, Director of Architecture & Design for True Storage. “The vacant Kmart needed a major rehab, and we were thrilled to be able to work with the town on the project.” The developer is continuing to put their final touches on the shopping plaza and anticipates a resurgence of activity at the site.

CubeSmart customers will find this location easily accessible directly off Hooksett Rd, flexible hours, 24-hour interior and exterior video surveillance, security access to the unit, a variety of unit sizes, and high-end finishes throughout the facility.

True Storage focuses on bringing value and lifestyle experiences to communities across the country, has proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

About CubeSmart

CubeSmart is a self-administered and self-managed real estate company focused on the ownership, operation, acquisition, and development of self-storage facilities in the United States. Our self-storage facilities are designed to offer affordable, easily accessible storage space for residential and commercial customers. As a national owner and operator, we continually enhance our business by applying our management expertise and best practices to each facility. For more information visit, Cubesmart.com

Manchester, NH – New Hampshire based self-storage developer, True Storage is off to a strong start throughout the first half of 2024. The company has completed 9 developments across 5 states combining for a total of 633,216 rentable sf delivered to market. The developer focuses on conversions of retail and industrial buildings as well as ground up self-storage Buildings across the country.

Throughout the first half of the year True Storage has completed projects in the following areas: Jacksonville, FL, Tonawanda, NY, Wilbraham, MA, Fitchburg, MA, Burton, MI, Syracuse, NY, Attleboro, MA, Woonsocket, RI, New Bedford, MA. Two of these developments were ground up builds and the remainder were conversions.

The deliveries through the first half of the year included conversions of a Gander Mountain sports, former charter school, Harley Davidson Dealership, Strip Mall, industrial warehouses, and 2 historic Mill buildings. “All of our developments in 2024 have showcased our ability to transform properties across the country and transform communities we develop in” said Chris Lewis, Director of Architecture & Design for True Storage.

Management of the new store openings have been handled by 3^rd party managers, Cubesmart and Extra Space while True Storage retains ownership of the properties.

“Development activity is expected to keep pace for the company for another record-breaking year as we are evaluating new property opportunities every day” mentioned Josh Sullivan Head of Acquisitions and Due Diligence and Ben Kfoury Investment Analyst from True Storage.

New deliveries to market over the first half of the year were consistent with the company’s growth since inception in 2020. True storage continues to have a robust pipeline of 12 projects under construction and various others in the acquisition pipeline.

True Storage, a self-storage developer that focuses on bringing value and lifestyle experiences to communities across the country, has proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

New Bedford, MA – True Storage completes its 9^th development of 2024 with the completion of their conversion located at 19 Jean St in New Bedford, MA. The 200,000sf Mill building is one of the largest conversions the developer has done to date. The construction team was able to preserve many historical elements to the building while delivering a modern interior feel.

The addition of this site to the new England dominant developer’s portfolio takes their existing Massachusetts location to three open and two under development in Wareham and Dracut. In total True storage has completed 9 self-storage facilities in MA since 2020.

The property features 140,000 net rentable sf of 100% climate-controlled space throughout over 1,500 units of varying sizes. “Revitalizing mill buildings is at the core of what we do in New England, and we couldn’t be happier with how the revitalization of 19 Jean St came out” said Chris Lewis, Director of Architecture & Design for True Storage. “The Town of New Bedford and all our local subcontractors in New England were a pleasure to work with.”

True Storage updated the building with a modern leasing office, 24-hour interior and exterior video surveillance, secure security access to the unit and building, an assortment of unit sizes, 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 proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

Burton, MI – New Hampshire based self-storage developer, True Storage opened its third property in Michigan last week. Located at 5350 Davison Rd in Burton, MI the developer transformed the former antiques mall and Harley Davidson dealership into a state-of-the-art Class-A climate controlled self-storage facility. Day-to-day operations will be managed by Extra Space Storage, while True Storage retains ownership of the property.

True storage acquired the property in 2023 and quickly began construction after receiving approvals from the town of Burton. Known for converting retail and commercial spaces into self-storage the developer has also completed projects in Flint, MI and Monroe, MI. The company also currently owns and is under construction on properties in Canton, MI and Ann Arbor, MI.

The property features 42,000+ net rentable square feet throughout 475+ climate-controlled units of varying sizes to accommodate storage needs for local businesses and individuals. Located on heavily trafficked Davison Rd, the location is ideally located next to several neighborhoods, businesses and restaurants.

“Transforming this former antiques mall showcased our ability to transform a property that was falling into disrepair into a top-quality asset” said Chris Lewis, Director of Architecture & Design for True Storage. “We are thrilled to be a part of the Burton community and are excited to connect with local individuals and businesses. The town of Burton and all the local subcontractors we used on this job were all a pleasure to work with.”

This site will feature 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 proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

About Extra Space

Extra Space Storage is the largest operator of self-storage facilities and the largest third-party self-storage management company. Since they were founded in 1977, Extra Space has grown to include more than 3,500 locations across the country from our headquarters in Salt Lake City, UT.

Syracuse, NY – National Self Storage Developer, True Storage Delivered its 7^th completion of the year this past week in Syracuse New York. The property is located at 405 Hiawatha Blvd in Syracuse and features 2 stories of climate controlled self-storage space.  This Class A self-storage conversion features True Storage’s expertise in transforming underutilized properties into state-of-the-art storage facilities that serve a public need. Day-to-day operations will be managed by CubeSmart, while True Storage retains ownership of the property.

The property was purchased by the self-storage developer in 2022 with the vision of a complete self-storage conversion of the former file storage warehouse building. The property is ideally located off State route 81 and is surrounded by several national retailers, restaurants, and neighborhoods.  

This development marks the self-storage developers third completed property in New York. They completed and own sites in Auburn NY and Tonawanda, NY. True Storage also owns and is currently developing properties in Greece, NY and New Windsor, NY.

The building features 90,000+ rentable sf of climate-controlled Cass A self-storage space throughout 900+ units of varying sizes. The True Storage construction team did a complete overhaul of the property and brought the building back to showcase its functional beauty.

“We are thrilled to revitalize another property in New York. Transforming this property and bringing it back to functional glory showcases our ability to deliver top quality assets,” said Chris Lewis, Director of Architecture & Design for True Storage. “The town of Syracuse was a please to work with throughout the entire development process.

CubeSmart customers will find this location easily accessible directly off route 81, flexible hours, 24-hour interior and exterior video surveillance, security access to the unit, a variety of unit sizes, 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 proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

Fitchburg, MA – National Self Storage Developer, True Storage Delivered its 6^th completion of the year this past week in Fitchburg Massachusetts. The property is located at 476 John Fitch Blvd in Fitchburg, Ma and is in the John Fitch Plaza, which the developer also owns.  This Class A self-storage conversion features True Storage’s expertise in transforming underutilized properties into state-of-the-art storage facilities that serve a public need. Day-to-day operations will be managed by CubeSmart, while True Storage retains ownership of the property.

The property was purchased by the self-storage developer in 2022 with the vision of a self-storage conversion in the vacant shopping plaza spaces. The CubeSmart is anchored next to a Harbor Freight in the plaza as well as various other tenants.

The building features 60,000+ rentable sf of climate-controlled Cass A self-storage space. Located on John Fitch Blvd the property is surrounded by retailers, restaurants, local businesses, and several residential neighborhoods.

“We are thrilled to revitalize another property in Massachusetts. Transforming this property and brining it back to functional glory showcases our ability to deliver top quality assets,” said Chris Lewis, Director of Architecture & Design for True Storage. “The town of Fitchburg was a please to work with throughout the entire development process.

CubeSmart customers will find this location easily accessible directly off route 2a, flexible hours, 24-hour interior and exterior video surveillance, security access to the unit, a variety of unit sizes, 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 proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

Attleboro, MA – True Storage completed its 5^th self-storage conversion of 2024 with the opening of their facility located at 34 Forest St, in Attleboro, MA in early April. The property was purchased by the self-storage developer in 2022 with the vision of a complete self-storage conversion of the properties 165,000 total square feet. Formerly a piece of the Texas Instruments campus in Attleboro, the property presented a unique opportunity for the Manchester, NH developer to tackle.

The building features 2 levels of self-storage totaling 113,575 rentable square feet throughout 1,451 units of varying sizes. “Our experience with historical buildings and self-storage conversions allowed our team to accomplish a beautiful revitalization of the former Texas Instruments building” said Chris Lewis, Director of Architecture & Design for True Storage. “We are proud to deliver another trophy asset to market and offer local businesses and individuals class A storage solutions. The town of Attleboro and the local contractors we worked with on this project were all a pleasure to have in our development process.

True Storage updated the building with a modern leasing office, 24-hour interior and exterior video surveillance, secure security access to the unit and building, an assortment of unit sizes, and high-end finishes throughout the facility. The property is ideally located right off of the Pleasant St retail corridor in Attleboro, MA

True Storage, a self-storage developer that focuses on bringing value and lifestyle experiences to communities across the country, has proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

2024 Completions for the company include the following locations; Jacksonville, FL, Tonawanda, NY, Wilbraham, MA, Woonsocket, RI, and Attleboro, MA  

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

Woonsocket, RI – True Storage completed its second ground up development located in Rhode Island on March 15^th. Located at 777 Providence St in Woonsocket, RI this completion marks the company’s 7^th completed state of the art ground up self-storage build. The design build self-storage developer bought the acreage on Providence St in 2021 and received their final certificate of occupancy in mid-March. The property the facility was build on was formerly the city of Woonsocket’s Gaston A. Ayotte Jr. Baseball Field.

The building features 3 stories of complete climate controlled self-storage, spanning over 65,000 rentable sf. The building was designed and built by True Storages in house Architecture and construction teams in coordination with various local subcontractors. The build features True Storages expertise in self-storage development and the company’s dedication to delivering top tier assets to the market.

Located at the intersection of Providence St and Smithfield Rd in Woonsocket, the building is surrounded by various retailers and residential neighborhoods. This site will feature, 24-hour interior and exterior video surveillance, secure security access to the unit and building, an assortment of unit sizes, covered loading bay, and high-end finishes throughout the facility.

“The town and local subcontractors were all a pleasure to work with throughout the whole development process” said Chris Lewis, Director of Architecture & Design for True Storage. “True Storage is thrilled to deliver another class A self-storage development to address a lack of supply in the Woonsocket area.”

True Storage, a self-storage developer that focuses on bringing value and lifestyle experiences to communities across the country, has proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

Wilbraham, MA – True Storage opened its third self-storage development this year located at 2201 Boston Rd in Wilbraham, MA. This completion marks the companies first ground up completion in 2024, and their second multi-story new build in Massachusetts. The design build self-storage developer bought the acreage on Boston Rd in 2022 and completed the 2 story build earlier this month.

This Class A self-storage ground up features True Storage’s expertise in development of state-of-the-art storage facilities that serve a public need. Day-to-day operations will be managed by Extra Space Storage, while True Storage retains ownership of the property.

The property features 65,403 net rentable square feet throughout 671 climate-controlled units of varying sizes to accommodate storage needs for local businesses and individuals. Located on Boston Road (US Route 20) the site is located next to Dunkin Donuts, Big Y Supermarket, The Home Depot, and various restaurants. The property lies about five miles outside of Springfield, MA and less than ten miles to the Connecticut boarder.

“We are thrilled to add another new build completion to our portfolio that showcases our company’s dedication to quality” said Chris Lewis, Director of Architecture & Design for True Storage. “We are excited to offer premium storage solutions to the Wilbraham community. The town and local officials were a pleasure to work with throughout the entire process.” This site will feature 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 proudly developed several other Class A facilities in Massachusetts, New Hampshire, Maine, Georgia, Rhode Island, Florida, Indiana, Connecticut, Wisconsin, Illinois, New York, and Kentucky. In addition to breaking ground on facilities in Michigan, Ohio, New York, Florida, and throughout the New England area, with a dozen more in the pipeline.

About True Storage

True Storage, a national self-storage developer, produces premium Class A storage space through conversions and ground-up construction. Through partnerships with national self-storage companies, the facilities are managed and operated, meeting customer and community expectations for quality and service. For more information visit, truestorage.com.

About Extra Space

Extra Space Storage is the largest operator of self-storage facilities and the largest third-party self-storage management company. Since they were founded in 1977, Extra Space has grown to include more than 3,500 locations across the country from our headquarters in Salt Lake City, UT.