Saturday, August 3, 2024

DXD Capital completes development of new 88,620 SF storage facility in Bristol, Rhode Island

                   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.

Drew Dolan

"This facility is unique as we designed it to look more like townhomes than traditional self storage because of the uniqueness of the market,”  said Drew Dolan, Principal and Fund Manager. 

 "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)

david@ebelingcomm.com

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.”

 www.dxd.capital

 



www.dxd.capital

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