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.
U-Haul recently acquired the C.H. Coakley & Co. storage building at 3530 W. Pierce St. in Milwaukee for $900,000. C.H. Coakley specializes in document storage and records management and also operates the Mayflower moving company. It occupied the five-story building for 30 years. U-Haul intends to renovate the structure, built in 1917, to offer climate control. The project is expected to be complete early next year, according to the source.
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.