HSM Develops Class-A Self-Storage Facility in Garland
(Garland, TX) Under the auspices of HSM Hwy 66 Storage LP, Henry S. Miller Companies is developing a Class-A self-storage facility located at 1020 Hebron Drive in Garland, TX. CubeSmart, a publicly traded company that owns and/or manages more than 800 self-storage properties in the United States, will professionally manage the 763-unit facility that encompasses 77,000 rentable square feet.
According to Chris Storm, an Associate in the Investments Division of Henry S. Miller and the development manager, the development marks a greater presence for Henry S. Miller in both the brokerage and ownership of self-storage assets.
“Henry S. Miller is interested in becoming more involved in self-storage, which it sees as a strong real estate investment asset class, “ says Mr. Storm. “HSM has owned self-storage properties before, but this project represents a new area of development.”
Construction began in mid-January 2017, and units are expected to be available early in the Fall 2017. Most of the units are climate-controlled and range in size from five feet by five feet (5×5) to ten feet by thirty feet (10×30). Located at the southwest corner of Highway 66 and Hebron, the storage facility offers interior and drive-up units, state-of-the-art security and controlled access, and an on-site manager.
“The supply-demand ratio for storage space in this area of Garland that borders on Rowlett is highly favorable,” adds Mr. Storm. “We look forward to this being a good investment for the Henry S. Miller Companies and its partners.”
FRONT: Grite Storm (Sable Realty)
BACK: Mark O’Briant (HSM), Clay Phillips (UMB), Glenn Pickrell (CubeSmart), Chris Storm (HSM), Robert Day (CoDel, Inc. – General Contractor), Greg Miller (HSM), Robert DuBois (HSM), Darrell Hurmis (HSM), George Storm (Sable Realty), Matt Moore (Claymoore Engineering), Drew Donosky (ClayMoore Engineering)
About Chris Storm
Chris Storm is an Associate in the Investments Division of Henry S. Miller. Mr. Storm built his first storage project in 1986 and is currently specializing in the brokerage and development of self-storage projects. During his career, he has also brokered, managed and developed retail, office, multi-family and industrial properties. Mr. Storm studied real estate and accounting at Southern Methodist University and earned an MBA from The Kellogg Graduate School of Management at Northwestern University.