{"id":1004186807,"date":"2017-08-11T05:08:16","date_gmt":"2017-08-11T13:08:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004186807"},"modified":"2022-12-09T02:19:26","modified_gmt":"2022-12-09T10:19:26","slug":"psg-to-build-110-ksf-baltimore-self-storage-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/psg-to-build-110-ksf-baltimore-self-storage-facility\/","title":{"rendered":"PSG to Build 110 KSF Baltimore Self-Storage Facility"},"content":{"rendered":"<p><em>By Bogdan Odagescu<\/em><\/p>\n<div id=\"attachment_1004186808\" style=\"width: 348px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1413-S.-Haven-St.-in-Baltimore-e1502454380678.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004186808\" data-attachment-id=\"1004186808\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/psg-to-build-110-ksf-baltimore-self-storage-facility\/1413-s-haven-st-in-baltimore\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1413-S.-Haven-St.-in-Baltimore-e1502454407881.jpg\" data-orig-size=\"971,609\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1413 S. Haven St. in Baltimore\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1413 S. Haven St. in Baltimore&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1413-S.-Haven-St.-in-Baltimore-e1502454407881.jpg?w=971\" class=\"wp-image-1004186808 \" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1413-S.-Haven-St.-in-Baltimore-e1502454407881.jpg\" alt=\"1413 S. Haven St. in Baltimore\" width=\"338\" height=\"212\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1413-S.-Haven-St.-in-Baltimore-e1502454407881.jpg 971w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1413-S.-Haven-St.-in-Baltimore-e1502454407881.jpg?resize=300,188 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/1413-S.-Haven-St.-in-Baltimore-e1502454407881.jpg?resize=768,482 768w\" sizes=\"auto, (max-width: 338px) 100vw, 338px\" \/><\/a><p id=\"caption-attachment-1004186808\" class=\"wp-caption-text\">1413 S. Haven St. in Baltimore<\/p><\/div>\n<p>Savills Studley has arranged the $1.9 million sale of 1413 S. Haven St., an 8,100-square-foot flex industrial building in Baltimore\u2019s Canton neighborhood. The company represented the local buyer, Poverni Sheikh Group. The new owner intends to redevelop the property into a 110,000-square-foot Extra Space Storage facility.<\/p>\n<p>Just off Boston Street, the property is located next to the Target-anchored Shops at Canton Crossing, close to interstates 95 and 895 and less than four miles southeast of downtown Baltimore. The building currently sitting on the site was constructed in 1916.<\/p>\n<p>According to Yardi Matrix data, Extra Space Storage\u00a0has the second-largest self-storage portfolio in the Baltimore area\u2014with 25 properties adding up to more than 2.2 million square feet\u2014followed closely by <a href=\"https:\/\/www.commercialsearch.com\/news\/largest-public-storage-location-makes-debut\/\">Public Storage<\/a>. Both are surpassed by ezStorage, a Mid-Atlantic company with a Baltimore-area portfolio of 28 self-storage assets totaling some 2.7 million square feet.<\/p>\n<h2>Attracting fundamentals<\/h2>\n<p>Due to its proximity to a major shopping destination and several thoroughfare nodes, the Canton location benefits from attracting fundamentals in an area close to Baltimore&#8217;s downtown, Fells Point and Inner Harbor. At the same time, there are five planned and prospective multifamily\u00a0properties within one mile of 1413 S. Haven St., adding up to 1,700 potential new apartments nearby, Yardi Matrix data shows.<\/p>\n<p><em>\u201cThe acquisition of the South Haven property signals PSG\u2019s expanding footprint and growth in the market. Being a Canton resident myself, this transaction was extremely memorable as the area continues to see new residential and commercial developments,\u201d<\/em> said Ryan Miller, Savills Studley managing director, in prepared remarks.<\/p>\n<p>At the same time, there are two self-storage facilities within half a mile of PSG\u2019s new asset: A climate-controlled, 219,500-square-foot CubeSmart property at 3600 O Donnell St., and a 100,150-square-foot Self Storage Plus location at 1100 Interstate Ave.<\/p>\n<p><em>Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a deal brokered by Savills Studley, the company acquired an 8,100-square-foot flex building. The new owner plans to redevelop it into an Extra Space Storage property.<\/p>\n","protected":false},"author":740,"featured_media":1004506847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1579,21782,11,21742],"tags":[35738,37205,37204,32775],"class_list":["post-1004186807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-baltimore","category-development","category-midatlantic","category-latest","tag-extra-space-storage","tag-poverni-sheikh-group","tag-ryan-miller","tag-savills-studley"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSG to Build 110 KSF Baltimore Self-Storage Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/psg-to-build-110-ksf-baltimore-self-storage-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSG to Build 110 KSF Baltimore Self-Storage Facility\" \/>\n<meta property=\"og:description\" content=\"In a deal brokered by Savills Studley, the company acquired an 8,100-square-foot flex building. 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