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Hampshire Cos. Joins Forces with Harrison Street to Develop Self-Storage Facility
The facility will comprise 120,524 square feet of storage space

October 16, 2019:  The joint venture between Hampshire and Harrison Street has started construction on its second project, a ground-up development in Hillsborough, N.J. The project is expected to complete on February 2020. The facility located at 141 US-206 will comprise 120,524 square feet. After construction, the facility will be managed by self-storage real estate investment trust Extra Space Storage and branded under its name. 

www.insideselfstorage.com reports: 
By partnering with Harrison Street, we have ensured that Hampshire will continue to be well-positioned to aggressively pursue self-storage development in an increasingly competitive marketplace. We look forward to building upon the initial success of this relationship, as we apply our time-tested self-storage development formula to bring institutional-quality assets to life throughout the [Interstate 95] corridor over the next several months.” Said by James E. Hanson II, CEO and president of Hampshire.

Hampshire based in Morristown, N.J has repositioned or developed 33 self-storage facilities with an aggregate value of more than $440 million since 2012. It has 12 developments underway, totaling $217 million of investment across the Eastern United States. The company is targeting another 12 projects, with a collective value of more than $215 million.

Harrison Street headquartered in Chicago with an office in London. It has $18 billion in assets under management in the education, healthcare and self-storage sectors. 

Source: www.insideselfstorage.com/development/hampshire-cos-joins-forces-harrison-street-develop-self-storage