Phoenix-based U-Haul International Inc. has purchased a former Devon Self Storage facility in Binghamton, N.Y. The property at 262 Front St. officially opened in July and has been rebranded as U-Haul Moving & Storage of Front Street.
Situated on 2.7 acres, the facility features five buildings comprising 39,275 rentable square feet of storage space in 224 interior, climate-controlled units and 218 drive-up units. The property also offers moving and packing supplies, towing equipment, truck and trailer rentals, and U-Box portable-storage containers. Property upgrades are underway and will include new exterior lighting, landscaping, a freshly paved parking lot, new unit doors and updates to the facility interior, according to a company press release.
“This U-Haul store offers convenience to the community," said Will Cintas, president of the U-Haul Co. of Eastern New York. "Before we acquired this location, customers from this community would have to cross the Chenango or Susquehanna rivers into the congestion of downtown Binghamton to get to a U-Haul storage center. Now we are happy to be able to serve this community right in its backyard."
The acquisition of the Binghamton facility was driven by U-Haul’s corporate sustainability initiatives, which support infill development to help local communities lower their carbon footprint, the release stated. U-Haul’s adaptive reuse of existing structures eliminates the amount of energy and resources required for new-construction materials and helps local cities diminish their unwanted inventory of unused buildings, U-Haul officials said.
Established in 1945, U-Haul has more than 44 million square feet of storage space at more than 1,200 owned facilities throughout North America.
Based in California, Devon Self Storage owns or manages 49 facilities nationwide. Its portfolio comprises 3.6 million square feet of storage space in 17 states.