NitNeil Partners, an Atlanta-based real estate development and investment firm specializing in self-storage, has expanded into the Tennessee market with the development of a three-story storage facility in the Southside Historic District of downtown Chattanooga. The company recently broke ground on the building, which will be comprised of 57,545 square feet and feature climate-controlled units.
"Downtown Chattanooga has emerged as an attractive destination for entrepreneurs and residents that are seeking a great quality of life," said Nitesh K. Sapra, company principal. "This facility will provide support to the residential and economic growth that the city is currently experiencing."
The Chattanooga facility is expected to be completed next spring. The company recently completed a similar facility in the Inman Park neighborhood of Atlanta, officials said.
NitNeil Partners is a regional investment firm that specializes in the acquisition and development of self-storage properties. The company owns 14 facilities comprising more than 700,000 square feet of rentable space.