Self-storage operator Casey Real Estate Investment LLC recently acquired a self-storage facility in Worcester, Mass. The store at 19 McKeon Road will operate under the brand name Casey Storage Solutions and be managed by Casey Property Management LLC. United Bank in West Springfield, Mass., provided debt financing for the acquisition.
"We are very excited to add the self-storage facility to our portfolio. The acquisition is very complimentary to our growing New England self-storage portfolio,” said Morgan Hanlon, founder and managing member of both Casey companies.
The acquisition brings the company’s holdings to a total of nine self-storage properties consisting of more than 490,000 square feet and 3,750 self-storage units. Casey Storage Solutions operates properties in Massachusetts, Rhode Island and Vermont. The company currently operates three facilities in central Massachusetts in the cities of Auburn, Sturbridge and Webster.
Casey Real Estate Investment is a real estate investment company that acquires, owns and operates commercial real estate, primarily in the self-storage sector.