Public Storage Adds Six Locations Near Minneapolis, Minnesota
August 10 2018 - 8:36PM
Business Wire
Acquisitions Increase Company’s Presence in
Minnesota by 12%
Public Storage (NYSE:PSA) acquired six storage locations this
week in Downtown Minneapolis and in nearby popular cities. The
rebranded storage locations add to Public Storage’s strong presence
in Minnesota.
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Public Storage opened six new locations
around Minneapolis, Minnesota, and beyond this week to help a surge
of movers heading to the Twin Cities. (Photo: Business Wire)
These Minneapolis-area Public Storage locations span across the
metro area, from Downtown Minneapolis to the popular nearby suburbs
of Lakeville, Edina, New Hope and Bloomington, as well as in the
City of Hutchinson.
“These locations make us more competitive in Minneapolis and
give us a larger footprint in the Twin Cities,” said Ryan Nelson, a
Public Storage regional manager. “People are moving from rural
areas in the state to the urban and suburban markets, and the
population shift is driving the area’s development and the need for
storage.”
The U.S. News and World Report named Minneapolis-Saint Paul one
of the Top 10 Best Places to Live in the country. And we can see
why! The abundant affordable housing, compared to other major
housing markets, and low unemployment rate make the city a place
for dreamers and doers.
Public Storage has a strong brand recognition in Minnesota. In
just the last decade or so, the Company opened approximately 50
locations around the state.
The six locations acquired by Public Storage this week are all
newer properties or remodeled ones with state-of-the-art features,
some of which include climate-controlled units and drive-up storage
spaces.
For more information, visit the Public Storage Blog. Follow
Public Storage on Facebook and Twitter.
Company Information
We help customers in their time of need, whether moving,
downsizing or storing for business. Public Storage was founded in
1972 with a single Southern California self-storage building. We’ve
grown a bit since then, to more than 2,402 locations around the
country, making us the largest in the business today and a member
of the S&P 500. We offer self-storage options of all shapes and
sizes and the same personal attention from on-site managers that
we’ve been giving from day one. For stockholders, we are a real
estate investment trust, meaning we distribute a large portion of
revenue to public investors in the form of dividends. Learn more
about Public Storage at https://www.publicstorage.com.
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Public StorageRyan Burke(818) 244-8080, Ext. 1141
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