The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, has purchased six Colorado facilities consisting of 353,902 net rentable square feet of storage space and nearly 2,700 units for $33 million. The properties, which WWG had managed since September 2011, will be rebranded under the StorQuest name. The company now operates 14 sites in the greater Denver area and has 102 locations in its portfolio.

“We believe there is a significant opportunity within the Denver market, as demand remains high and supply remains tight,” said Bill Hobin, president and CEO. “Although the properties have been performing well since we started managing them, we feel the assets have room to grow.”

The properties are:  

“These assets provide an ability to capitalize on the continued economic growth as well as the growth of the StorQuest Self Storage brand in Colorado,” Hobin said.

In February, WWG purchased a facility in Lafayette, Colo., as part of a larger transaction that also included three Arizona properties. The Colorado property at 530 Stacy Court was purchased from A-1 Self Storage for $6.9 million. The facility comprises 72,312 rentable square feet in 551 units. It had also been managed by WWG prior to the acquisition.

Founded in 1994 and based in Santa Monica, Calif., WWG is a privately held real estate company that develops, acquires and operates self-storage facilities in Arizona, California, Colorado, Florida, Hawaii, South Carolina and Texas.

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