Morningstar Properties LLC, which operates self-storage properties under the Morningstar Mini-Storage brand, has begun construction on a new facility in the South End neighborhood of Charlotte, N.C. Slated to open in December, the property will add 100,000 square feet of storage space and more than 700 units to the company’s portfolio.
The new property will be on the corner of S. Tryon Street and Griffith Street and is well-positioned to serve the burgeoning live/work scene in the community, according to a company press release. Designed with the customer experience in mind, it will feature all climate-controlled units and a modern design resembling a high-end retail building, complete with lush and well-lit landscaping, company officials said. Morningstar will begin taking unit reservations in November.
“With each new storage facility, we look for ways to improve so that we may provide our customers with the best possible experience,” said Dave Benson, company president. “This property will be the premier facility in the greater Charlotte area and, we believe that superlative extends to the entire Southeast. We’ve served the Charlotte area for more than 30 years and are proud to be able to invest in the growing South End community while providing a much needed neighborhood service.”
Founded in North Carolina in 1981, Morningstar Properties is a vertically integrated developer, owner and operator of real estate products focused primarily on self-storage and marinas in the Southeast. The company has developed, acquired and operated more than 125 self-storage projects across the country, totaling more than 8.8 million square feet. It currently owns and operates 28 self-storage centers comprising more than 13,000 units in nine states, with most concentrated in the South. The company’s future growth is funded through Blue Doors Capital Management, an affiliated private-equity fund designated for acquisition and development of self-storage centers.