Inland Real Estate Investment Corporation, a real estate investment manager, and Devon Self Storage, a self-storage developer, owner and manager, have announced the completion of two class A self-storage redevelopments, according to a news release Jan. 23.
In Baton Rouge, La., the self-storage property is located near the downtown location and next to the FEMA Joint Field Office. The 90,760-square-foot building has four stories, two elevators and 1,103 climate-controlled storage units. It also has drive-up access and a 24-hour security system.
In Holly Hill, Fla., the self-storage property is four miles north of Daytona Beach. It has three stories, with elevator access to 996 storage units, complete with climate control, drive-up access and 24-hour security.
“Long-term demand for self-storage continues to benefit from several structural and societal trends, which we believe will fuel the sector’s growth and performance in the years to come,” said Keith Lam