Brookwood Properties LLC Expands Their Portfolio Rapidly, Opening Six New Self-Storage Facilities in 2022, with Four More on the Way in Early 2023
Brookwood Properties LLC, a Baton Rouge, LA developer of self-storage properties, opened six newly-built storage facilities in the second half of 2022. The company expanded its portfolio to 56 total properties in seven states, and entered the states of Arizona and Alabama for the first time.
BUFFALO, N.Y., Jan. 23, 2023 /PRNewswire-PRWeb/ -- Brookwood Properties, LLC, one of the nation's leading developers of self-storage properties, rapidly expanded in 2022 and increased their portfolio to a total of 56 properties. The developer announced the opening of six newly built facilities in Arizona, Louisiana, Alabama, and Mississippi in 2022. Additionally, the company plans to complete the development and open four more properties in Louisiana in the first half of 2023. Each of these locations will be operated by Life Storage (NYSE: LSI), a leading owner and operator of over 1,100 self-storage properties in the U.S.A.
The newly built properties were developed with Kaufman Design serving as the project architect, and affiliate Rosehill Construction serving as the general contractor. Each is a multi-story Class A facility.
- Brookwood completed the development of its first self-storage facility in Arizona with the opening of 5256 W. Bell Rd in Glendale AZ in December 2022. The over 86,000 net rentable square foot storage facility features two stories and over 900 climate-controlled storage units.
- Opening at year end, Brookwood entered Alabama with the opening of 3651 Government Blvd, Mobile AL. The Mobile, AL storage facility features nearly 1,000 climate-controlled spaces on three floors, totaling 100,000 net rentable square feet.
The company completed and opened two properties in Ocean Springs, MS, increasing their total number of facilities in Mississippi to five.
- Opened in July, Brookwood's first facility in Ocean Springs at 7275 Washington Ave, Ocean Springs, MS features three floors of nearly 900 climate-controlled spaces totaling over 93,000 net rentable square feet.
- Completed in November 2022, the developer opened its second Ocean Springs, MS facility at 3701 Bienville Blvd, Ocean Springs MS. The over 89,000 net rentable square foot storage facility features three stories and 1,000 climate-controlled storage units.
Brookwood completed and opened two additional properties in New Orleans, LA, increasing their presence in New Orleans to 14 total properties and 43 properties in Louisiana overall.
- In November 2022, the Brookwood team completed the storage facility at 1400 Westbank Expy, Harvey LA, a four floor 107,000 net rentable square foot property with over 1,100 climate-controlled spaces.
- At year end, the storage facility at 69008 Hwy 190 Service Rd, Covington LA opened. This property features nearly 1,000 climate-controlled spaces, with over 102,000 net rentable square feet across three floors.
Four additional self-storage facilities are in their late stages of development and due to open in the first half of 2023. The properties will open in four different Louisiana cities: Lake Charles, New Orleans, Baton Rouge and Lafayette.
ABOUT BROOKWOOD PROPERTIES, LLC: Brookwood Properties, LLC, is an industry-leading developer of self-storage properties, with 56 properties in seven states. Headquartered in Baton Rouge, LA, the company has been constructing and operating high-quality, Class A storage facilities since 1986.
ABOUT LIFE STORAGE, INC: Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 1,100 storage facilities in 37 states and the District of Columbia. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage provides service to more than 675,000 customers, making it a leader in the industry.
Media Contact
Chris Laczi, Life Storage, Inc, 1 7166506145, [email protected]
Cliff Moir, Life Storage, (716) 220-1890, [email protected]
SOURCE Brookwood Properties LLC
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