The Hampshire Companies continues to bolster its self-storage portfolio with the addition of a 106,500 s/f state-of-the-art storage facility in Hartford, CT.
Hampshire purchased the existing facility at 1407 Park Street in the Parkville neighborhood just two miles from downtown Hartford, and revitalized and expanded the site.
While the Hartford facility marks Hampshire’s first self-storage project in Connecticut, the company has over 20 years in the self-storage marketplace.
Throughout the eastern United States, Hampshire continues to source opportunities in underserved, high-barrier-to-entry markets.
Since 2012, Hampshire has built a portfolio of self-storage facilities having repositioned or developed 30 properties with an aggregate value of over $415 million.
Presently, Hampshire has 12 self-storage development projects underway aggregating $217 million of investment across the eastern United States and is targeting another 14 additional projects with an aggregate value of $243 million in the pipeline.
“We’re looking to take our successful self-storage model and implement it in new, underserved markets,” said James E. Hanson II, president of Hampshire Companies.