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U-Haul Continues Self Storage Acquisition and Development Activity in Arkansas

U-Haul Continues Self Storage Acquisition and Development Activity in Arkansas
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Phoenix-based U-Haul International Inc., which operates more than 1,200 self storage facilities across North America, has been very active with self storage development across the U.S. and recently announced one ground-up construction and four building-conversion projects. The developments will add more than 146,000 square feet and 1,950 units to the company’s portfolio.

The company recently acquired the former Harvest Foods grocery store on 4 acres at 8900 Geyer Springs Road in Little Rock, Ark., and is nearing completion of its conversion to self storage. The project will comprise 51,386 square feet in 597 units and include an 8,000-square-foot U-Box warehouse. The asset will be known as U-Haul Storage at Baseline Road and is two blocks from U-Haul Moving & Storage at Baseline Road, which has served the local market since 1978. The conversion is expected to be complete this summer.

Established in 1945, U-Haul owns more than 44 million square feet of storage space. The company’s corporate sustainability initiatives, which support infill development to help local communities lower their carbon footprint, has led to dozens of conversion projects in recent years.

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