The William Warren Group Opens Two Storage Facilities
- Oct 18, 2019
The William Warren Group has opened two StorQuest branded storage facilities totaling 208,650 square feet in Hillsboro and Tigard, Ore. Earlier this year the company also completed a 97,570-square-foot facility in Portland and acquired a 524-unit asset in Buckeye, Ariz., for $9.1 million.
Located at 750 NE Cornelius Pass Road, the Hillsboro facility occupies around 5 acres near Freeway 26, in a densely populated area. Approximately 123,000 people are living within a 3-mile radius, according to Yardi Matrix. Features of the building include climate control, gated entry and security cameras. The three-story building was subject to a $9.1 million construction loan provided by Banner Bank in 2017.
The Tigard asset sits on a 1.4-acre lot at 12800 SW Pacific Highway, near the intersection of Interstate 5 and freeways 217 and 99W. The four-story building features 76,875 rentable square feet and comprises units ranging from 25 to 250 square feet, Yardi Matrix shows. The development was funded with a $9.5 million loan through TCF National Bank in 2016.