Storage World Receives Final Approval for Exeter, PA, Self-Storage Development

Self-storage operator Storage World LLC and affiliate company Greenwing Associated Properties LP have received final approval to develop a 118,625-square-foot facility in Exeter, Pa. Construction on the $7 million project at 4990 Perkiomen Ave. is expected to begin during the first quarter, with completion scheduled for 2018, according to the source.

Self-storage operator Storage World LLC and affiliate company Greenwing Associated Properties LP have received final approval to develop a 118,625-square-foot facility in Exeter, Pa. Construction on the $7 million project at 4990 Perkiomen Ave. is expected to begin during the first quarter, with completion scheduled for 2018, according to the source.

“We are excited to embark on our 11th project under the Storage World brand and are eager to begin construction,” Kyle J. Greth, vice president of Storage World, said in a press release. “This facility will feature some amazing benefits that storage customers in this area currently do not have available.”

The property will feature a two-story building and three single-story structures, according to renderings. The facility will have automated access, climate- and humidity-controlled units, and large units designed for business use or RV storage. It will be equipped with a sprinkler system and video surveillance, the release stated.

“We pride ourselves on providing quality, clean and convenient self-storage,” said David A. Greth, founder of Storage World. “We have attempted to bring our business to Exeter Township in the past, and we are looking forward to serving customers in that community for years to come.”

Greenwing acquired the property earlier this year from 4990 Perkiomen LP for $930,000, according to the source.

Based in Sinking Spring, Pa., Storage World operates 10 self-storage properties in New Jersey and Pennsylvania. It has been developing storage facilities since 1998.

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