Casey Storage Solutions Acquires Self Storage Facility in Pawtucket RI

Acquisition is Casey Storage Solutions' second self storage property in the Rhode Island market.

2011-10-19

AUBURN, WA, October 19, 2011 (Press-News.org) Casey Real Estate Investment, LLC and Casey Property Management, LLC are pleased to announce the acquisition of a 72,000 square foot self storage facility located at 201 Concord Street in Pawtucket RI. The new store will operate under the brand name, Casey Storage Solutions (http://www.caseystoragesolutions.com). The property will be managed by Casey Property Management, LLC.

This acquisition brings Casey Storage Solutions' holdings to eight self storage properties consisting of over 450,000 square feet and over 3,500 self storage units. Casey Storage Solutions operates in Massachusetts, Vermont and Rhode Island.

Morgan Hanlon, founder and managing member of Casey Real Estate Investment, LLC and Casey Property Management, LLC commented "We are very excited to add the self storage facility at 201 Concord Street in Pawtucket RI to our portfolio. The acquisition is very complimentary to our growing New England self storage portfolio as well as our existing self storage facility at 2 Delta Drive in Pawtucket. The addition of this self storage facility will better enable us to serve our customers' self storage and truck rental needs throughout Pawtucket and Providence."

Eastern Bank of Boston, Massachusetts provided debt financing for this acquisition.

For more information, please contact Morgan Hanlon at 646 649-2586 or mhanlon@crei-llc.com.

Casey Real Estate Investment, LLC is a real estate investment company that acquires, owns and operates commercial real estate, primarily in the self storage sector.

Website: http://caseystoragesolutions.com

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