ExtraSpace Storage Facility Now Open at BWI Tech Park in Anne Arundel County
Location represents second self-storage building recently developed by St. John Properties, Inc.
BALTIMORE, MD (October 16, 2020) – The second climate-controlled Extra Space Storage facility developed by St. John Properties, Inc. in the Maryland area is now operational at BWI Tech Park, a 156-acre business community located adjacent to BWI Airport in Anne Arundel County. Last year, the Baltimore-based full-service commercial real estate development and investment company revealed plans to develop three such facilities in Anne Arundel and Baltimore Counties. Extra Space Storage, a national self-storage real estate investment trust based in Salt Lake City, is handling day-to-day management responsibilities at all three locations.
Located at 810 Pinnacle Drive, the BWI Tech Park facility contains 936 units within its five-story, 133,000 square foot building. The units range from a 4 by 5-foot size that can accommodate items contained in a typical walk-in closet, to 10 feet by 30 feet which can accommodate the entire contents of a single-family home. The facility is equipped with 24/7 access, computerized entry gates, alarmed units and 24-hour digital video monitoring. Professional staff will be available from Monday through Saturday to assist the needs of customers.
Situated at the intersection of West Nursery Road and the Baltimore-Washington Parkway (MD Route 295) interchange, BWI Tech Park has prominent roadside visibility from MD Route 295 and is located approximately four miles from Baltimore/Washington International Airport. A number of business amenities are located within immediate vicinity to the business community including several full-service hotels with conference facilities, fast-casual and sit-down restaurant options and additional service retail. Downtown Baltimore can be accessed in eight miles, Annapolis is just over 20 miles away, and Washington, D.C. is located approximately 30 miles from the business community.
According to ResearchandMarkets.com, the national self-storage industry is expected to grow at an 8% rate annually through 2024, with “higher usage occurring specifically among the personal storage segment.” The report further states that “businesses have slowly realized the importance of self-storage facilities as a cost-effective, short-term or long-term solution to address space management issues.” In the e-commerce market, “the increased usage of self-storage spaces by vendors has allowed them to mitigate the problems of inventory management.”
“Self-storage facilities represent another important amenity serving clients in our mixed-use business communities, as well as residents in the surrounding neighborhoods, by providing timely solutions to specific space challenges,” explained Sean Doordan, Senior Vice President of Leasing and Acquisitions for St. John Properties. “This real estate category has proven extremely popular among all business sectors, and is a proven low-cost alternative for the storage of documents, materials, equipment and product inventory. By removing items from the traditional office that are infrequently needed, businesses can substantially improve the cost efficiency of their workspace. In Extra Space Storage, we are partnering with a first-class organization that adds value to every project.”
Extra Space Storage operates more than 1,900 self-storage properties in 40 states as well as Washington, D.C. and Puerto Rico. The Company is part of the S&P 500 and is the largest self-storage management company in the United States. For more information, visit extraspace.com.
St. John Properties, Inc., founded in 1971, owns and has developed more than 20 million square feet of Flex/R&D, Office, Retail and Warehouse space in Maryland, Colorado, Louisiana, Nevada, Pennsylvania, Virginia, Utah and Wisconsin. The company was named “2018 Developer of the Year” for the Nation by NAIOP, the Commercial Real Estate Development Association. For more information about the company, visit sjp.mu9b0uf9-liquidwebsites.com.