US Storage Centers to own and manage property
BOSTON, MASSACHUSETTS | DECEMBER, 2020 – SSG Development, a fully integrated real estate investment, development, and construction company focused on self-storage in high barrier markets, announced that it has completed construction of a 986 unit, 123,000-square-foot property located at 540 Hillside Avenue in Needham, Massachusetts. The facility will be acquired and managed by Westport Properties, Inc., a premier owner/operator of self storage facilities nationally which manages over 10 million rentable square feet under the US Storage Centers brand.
“SSG appreciated working with the Needham neighbors, Planning and Building departments in developing and building this transformative redevelopment during challenging times,” said Dave Fulton, SSG Development CEO. “The Westport team has been a great partner throughout the project and will be a complementary business in the community for many years.”
Conveniently located for the residents of Newton, Needham Heights, Babson Park, Wellesley Hills, and Needham Junction, this state-of-the-art facility features climate-controlled indoor units, wide hallways, keypad security, 24-hour video surveillance and moving supplies.
“We are very excited to add this Class-A facility in Needham, MA,” said Charles Byerly, President and CEO of US Storage Centers. “We continue to build out our portfolio in this macro market and this asset certainly adds to the quality of our portfolio and will help us carry out our business plan in the Northeast.”
Byerly continued by saying “We worked hand-in-hand with the leadership team at SSG and they have been a pleasure to work with. We were very impressed with how they conducted themselves during this worldwide pandemic, finishing this quality asset on time for us to be prepared for the upcoming move-in season. We look forward to working with them again in the future.”
About SSG Development
SSG (SSG Development & SSG Construction) is a fully integrated group of real estate investment, development and construction companies in Boston MA, with a focus on creating Class A self storage, in addition to mixed-use development, in high barrier, U. S. East coast core markets. SSG has developed and, built 2+ million square feet of ground up, state-of-the-art, multi-story, climate-controlled, self-storage.
About US Storage Centers
Founded in 1985, US Storage Centers is an owner-operator of self storage facilities across the country. The Company is a fully integrated operator that develops, acquires and manages its portfolio—additionally, the Company provides third-party management services. As of March 2020, it has over ten million rentable square feet under management and employs approximately 400 people nationwide. US Storage Centers is a founding partner of the 501(c)3 Kure-It, a non-profit organization that raises money for underfunded cancer research, and Charity Storage, a 501(c)3 that uses vacant storage units to raise money for local charities. To date, Kure-It has raised over $10M and Charity Storage has raised over $500K.