Hampshire Real Estate Cos. Builds Self-Storage Complex in Carteret, NJ
March 20, 2018
Update 3/19/18 – Hampshire Real Estate has opened its latest self-storage facility in Carteret. The property at 6640 Industrial Highway comprises 784 units. It offers after-hours electronic access, two elevators and three off-loading areas. Last week’s opening was celebrated with a ribbon-cutting ceremony that included the mayor as well as officials from Extra Space, Hollister Construction Services LLC and SNS Architects & Engineering PC, according to a press release.
“We’ve come a long way from the old self-storage model of three walls and a garage door,” said James E. Hanson II, president and CEO 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.”
The facility is Hampshire’s 38th under Extra Space management and the seventh project the company has completed in Carteret in the last five years. The developer has 15 other projects in its pipeline totaling $240 million in investment, the release stated.
Joining Hampshire Cos. executives at the ribbon-cutting ceremony were Ronald G. Rios, Middlesex County freeholder director; Mayor Daniel J. Reiman; and representatives from Carteret.
8/15/16