Morningstar Properties LLC, in its joint venture with Harrison Street Real Estate Capital LLC, opened its third Morningstar Mini-Storage facility in Charlotte, N.C., this month. Located in the growing community near the National Whitewater Center, the two-story property features 600 units totaling approximately 60,000 rentable square feet. Nearly 70 percent of the units are climate-controlled. Other site amenities include a retail center and free Wi-Fi for customers.
The project was designed by architectural firm Overcash Demmitt; Edifice Construction was the general contractor; and Arcadis provided civil engineering services.
This is the third Morningstar Mini-Storage facility to open in the Charlotte area in the past six months. Two additional facilities are in development.
Founded in Matthews, N.C., in 1981, Morningstar is a developer, builder and operator of specialty real estate types across the Southeast. The company has developed and operated more than 70 self-storage projects totaling nearly 6 million square feet.
Based in Chicago, HSRE provides equity capital at the property level to developers and operators in the healthcare, education and storage sectors.