The Hampshire Cos. Expands Storage Footprint

The company has added 767 self storage units to its portfolio in Millburn, N.J., approximately 20 miles from New York City.
Extra Space Storage

The Hampshire Cos. has opened a 104,260-square-foot self storage facility in Millburn, N.J. Extra Space Storage was appointed to manage the property. The Hampshire Cos. currently has 12 self storage developments underway and 14 projects in the planning stage.

Located at 30 Bleeker St., the facility is just off Interstate 78 and provides access to Interstate 287. Additionally, the storage asset is approximately 11 miles from Newark Liberty International Airport and within 20 miles of New York City. The new development occupies 5 acres and comprises a total of 767 storage units, ranging from 25 to 300 square feet. Features of the three-story storage building include climate control and a state-of-the-art security system.

“Continued strong demand for self storage facilities in some of the most densely populated areas along the eastern United States has created an ample opportunity for developers with experience in constructing projects in markets with high barriers to entry,” said James Hanson II, president & CEO of The Hampshire Cos., in prepared remarks.

Earlier this month, The Hampshire Cos. opened a 106,500-square-foot self storage facility in Hartford, Conn.