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New, Class A, climate-controlled storage facility
located at 180 Mount Hope Avenue in Bristol, RI |
BRISTOL, RI—DXD Capital, a private equity investor and self storage developer, announced the opening of a new, Class A, climate-controlled storage facility in Bristol, RI.
The facility, located at 180 Mount Hope
Avenue, has 750 individual storage units totaling 61,600 net rentable square
feet and features one-of-a-kind design elements that mimic New England
townhomes meant to blend in with the surrounding neighborhoods.
Extra Space will manage this facility.
Jayeff served as the general contractor, and Centreville Bank was the
construction lender.
The
property was acquired in November 2022 through DXD’s first fund, DXD Self
Storage Fund I, which launched in November 2020 and closed in November 2021
with $63 million in capital commitments. The company launched its second fund
in June 2022 and has since invested in ten self storage projects across the
United States.
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| Drew Dolan |
"We knew that if we were
going to get storage built in a market like Bristol with such high barriers to
entry, we had to make a real investment in the community. We are happy to have
done that and expect ours to be the last storage facility built on the peninsula."
CONTACT:
David Ebeling
Ebeling
Communications
949.861.8351
949.278.7851
(Cell)
Member of the
National Association
of Real Estate Editors (NAREE)
“PR Strategist for
the Commercial Real Estate Industry: I do what I love and love what I do.”
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