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Self-Storage Developer The Carroll Cos. Expands Bee Safe Storage Into Raleigh, NC

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Bee Safe Storage and Wine Cellar, a Greensboro, N.C.-based self-storage operator with two locations, is scheduled to open a new, three-story facility in Raleigh, N.C., on June 24. The property at 11001 Cayden Trail will comprise 63,000 square feet in 280 traditional storage units and nearly 60 wine-storage units, according to the source. The facility is being built by The Carroll Cos., a development firm founded by self-storage owner Roy Carroll.

"We are thrilled to open our newest store in the Raleigh market," Carroll told the source. "With top-tier, climate-controlled storage and a secure wine cellar, all of our stores will have a moving van that can be used to move items into the facility.”

The new facility is part of an ongoing expansion plan announced by Carroll earlier this year. In March, the developer said he envisioned 18 new storage facilities throughout North Carolina and the Southeast. His current plan is to build five Bee Safe facilities in Chapel Hill, Durham and Raleigh, N.C., in an area known as “the Triangle,” and as many as 20 other facilities across the region within the next 18 months.

"We have three full-time Carroll Cos. employees who are land-acquisition specialists, spread out over the Southeast U.S., who are continuously looking for Bee Safe sites," Carroll told the source. "We have allotted the capital to really put this concept on the map over the next few years."

The Carroll Cos., has developed real estate for more than 30 years. The company has built or is in the process of building more than 14,000 apartment homes with an asset value of more than $1.4 billion, according to its website. The company has more than $500 million invested in development projects in the Carolinas, Tennessee and Texas.

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