The Hampshire Cos. is pushing its self-storage portfolio forward.
The company announced recently that it has cut the ribbon on its 38th Extra Space Storage facility.
The facility, located at 6640 Industrial Highway in Carteret, will be managed by Extra Space Storage, Hampshire said. Hampshire has repositioned or developed 53 self-storage facilities since 2012 and currently has 15 projects underway.
The 81,745-squuare-foot self-storage facility in Carteret is located between Industrial Highway and Lefferts Street. It has 784 storage units spread between four stories and three exterior metal buildings. It was designed by SNS Architects.
“We’ve come a long way from the old self-storage model of three walls and a garage door,” said James E. Hanson II, CEO and president of The Hampshire Cos. “The industry has certainly changed, but our formula for success has remained the same. We search for underserved residential areas with a high barrier to entry and leverage the experience of our team and our project partners to execute our vision. Carteret, under the leadership of Mayor Reiman and the Borough Council, has been a great community to work with to create projects like the Carteret self-storage facility that took a former Brownfield site and turned it into a facility that serves the community.”