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“Phoenix-Area Projects Receive $50M Investment from Self-Storage Developer”

"Phoenix-Area Projects Receive $50M Investment from Self-Storage Developer"

Abernathey Holdings is currently constructing three self-storage facilities throughout the Phoenix metropolitan area. The company recently opened its first development in Gilbert and has plans to build an additional 10 projects in the region. These facilities will be operated under the Public Storage brand.

According to a report from the Phoenix Business Journal, each site is estimated to cost around $17.5 million for construction expenses.

The ongoing projects include:

– A 122,757-square-foot facility with 669 units located at 7145 51st Ave. in Laveen, scheduled for completion by summer of 2025.
– A facility spanning over111,087 square feet with745 units at1770 N.Litchfield Roadin Goodyear that is expected to be delivered by November of2025.
– Another project situated on Higley Road and Williams Field Roadin Gilbert covering123,399 square feetwith745units which could potentially finish by fall of2025.

In addition to these developments,Abernathey Holdings also plans on breaking ground withinthe next yearonthree more locations: Glendale (836 units), Peoria (833 units),and another location withinPhoenix(950units).

This significant investment amounts up tocumulativelyover $50 millionfor Abernathey Holdings’self-storage ventures acrossthePhoenix metroarea.Their commitment towards expanding their presence further highlights their confidence in this market’s potential for growth and success.

Overall,this development showcases Abernathey Holding’s dedication towards providing top-notch storage solutions while simultaneously contributingtothegrowthofthecommunityand economyof Phoenix .

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