Murfreesboro, Tennessee, Storage Units Added for 21% Area Growth
August 19 2019 - 4:50PM
Business Wire
Public Storage (NYSE:PSA) added new climate controlled storage
units today in Murfreesboro, Tennessee, as part of the company’s
21% growth spurt in the Nashville area over the last year.
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A Public Storage employee shows the
moving and storage supplies available at a retail office in the
Nashville, Tennessee, area. (Photo: Business Wire)
This is the third new location the company has opened in the
area within the last 12 months, and the first ever in Murfreesboro,
a gracious suburb of historic mansions and Civil War sites
southeast of Nashville. The company now owns 35 storage facilities
serving customers throughout the state.
“I’m really excited about branching out of the Nashville proper
area and being able to assist customers in a new area,” said Sara
Kulumani, one of the company’s area managers.
Public Storage 863 Fortress Blvd., Murfreesboro, TN 37128 offers
more than 800 options in a range of sizes, most of them climate
controlled self storage. Its brick office building with columns
resembles a classic home in one of the nearby residential
neighborhoods. And a three-story self storage building on site was
completed just a few months ago.
The new location is visible from Fortress Boulevard, with easy
access via nearby Interstate 24. And it is near The Avenue
Murfreesboro shopping center.
Within the last year, the company also rebuilt and expanded
Public Storage 800 5th Ave S, Nashville TN 37023 and added Public
Storage 512 26th Ave. N, Nashville TN 37209.
The new locations are being offered at a time of increasing need
for self storage in the area.
“We like the opportunity,” said Erik Svensson, a company vice
president. “Nashville is growing in population by almost 3% a
year.”
In 2018 the area was ranked by Money.com as among the top 20
“Best Places to Live in America” for its charming downtown, live
music and jobs growth.
Murfreesboro is also earning a reputation as a more affordable
alternative for young families, with an average home cost that’s
16% less per square foot than Nashville, according to
Zillow.com.
All of its positive qualities have helped attract a 30% increase
in residents over the last eight years, to about 141,000 today,
according to the U.S. Census.
Plenty of top employers have locations and jobs in the area,
from Nissan North America to Amazon, and the unemployment rate is
low, according to the Tennessee Department of Labor.
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 2,456 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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Ryan Burke (818) 244-8080, Ext. 1141
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