HOUSTON, TX – Grubb & Ellis Company announced that its Self Storage practice group represented Midtown Self Storage (top left photo) in the sale of a 534-unit, 47,585-square-foot Class A self storage facility located at 1019 West Dallas in Houston.
Steve Mellon (lower right photo) vice president in Grubb & Ellis’ Houston office, and Pete Williams, (lower left photo) executive vice president at Grubb & Ellis|Memphis, facilitated the sale to CubeSmart, a self-administered and self-managed real estate investment trust that owns or manages 456 self storage facilities across the United States.
Built in 2004, the institutional-quality property is located in an area with excellent growth projections over the next five years. The award-winning development, designed by Meeks + Partners, is located in one of Houston’s premier up-and-coming neighborhoods and enjoys high exposure from traffic commuting to and from downtown Houston.
“The property at 1019 West Dallas features newer construction that includes state-of-the-art systems, covered loading areas and climate control,” said Mellon. “In addition, its street presence and location make it a top choice among area customers.”
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A self storage business provides rooms, lockers, containers, and/or outdoor space in which tenants can store and access their goods. Self storage tenants include businesses and individuals.
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