Phoenix Investors to Bring Self Storage Near Milwaukee
The firm will transform a 200,000-square-foot industrial property in Mount Pleasant, Wis. into a self storage facility with 2,000 units. Store Here Self Storage will manage the asset.
Phoenix Investors is set to convert a 200,000-square-foot industrial facility into a storage asset in Mount Pleasant, Wis. The firm plans to add about 2,000 self storage units to the property. The facility will be branded and operated by Store Here Self Storage.
Located at 7505 Durand Ave., the storage facility will be near the intersection of freeways 11 and 31, approximately 30 miles from downtown Milwaukee and 24 miles from General Mitchell International Airport. The facility will be surrounded by retail and industrial facilities and will have frontage on both Durand Avenue and Oakes Road. Besides these, the Foxconn development is located within 2 miles of the self storage conversion project.
“There is significant pent up demand for institutional quality self-storage in the market. Our facility will be operated in a first-class manner, benefiting from a number of surrounding developments,” said Anthony Crivello, executive vice president at Phoenix, in prepared remarks. “Units are expected to be available within the next couple months.”
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