Climate-controlled storage facility under construction in Durham, North Carolina
JLL’s Project and Development Services Group is overseeing construction of the project
Durham, N.C. (Jan. 13, 2017) – (RealEstateRama) — A new climate controlled self-storage facility is under construction at 3302 Petty Rd in Durham, conveniently located to both Duke University and UNC Chapel Hill along Highway 15-501. JLL will oversee the construction of the project for the developer and owner, 3302 Petty Road, LLC.
Construction began in December 2016 and will be complete by the end of 2017. The four-story facility will feature 67,100 square feet of rentable space and approximately 785 climate-controlled units housed in a free-standing new construction building. Overcash Demmit Architects is the architect and Edifice General Contractors is the general contractor. CubeSmart will professionally manage the facility.
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JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000. On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.