The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, is building a $14 million facility at the edge of the River North Art District (RiNo) in Globeville, Colo. The company purchased an acre of land near Interstate 70 and Washington Street last month for $1.43 million. Construction is expected to begin in early 2017 and take about 12 months, according to the source.

December 5, 2016

2 Min Read
William Warren Group/StorQuest Self Storage to Build New Facility Globeville, CO

The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, is building a $14 million facility at the edge of the River North Art District (RiNo) in Globeville, Colo. The company purchased an acre of land near Interstate 70 and Washington Street last month for $1.43 million. Construction is expected to begin in early 2017 and take about 12 months, according to the source.

The location offers access to the highway as well as downtown Denver, according to Jon Suddarth, development manager for WWG. “The visibility to the freeway is huge. It’s a major ingress and egress point to downtown and the RiNo area, especially with all the new apartments that are being built on Brighton Boulevard,” he said.

The property will comprise 80,000 square feet of storage space in 900 units. Customers will enter the facility off Pearl Street and drive into the building to access units. The retail office will feature a variety of tenant amenities including the use of iPads for new rentals. “We’re putting in some incredible amenities and a really cool leasing office,” Suddarth said.

WWG has aggressively pursued the Denver market for the last couple of years. It opened a facility this summer in the Denver Technological Center and expects to open another at 549 Kalamath St. this week. A third property on Colfax Avenue is under construction and slated to open next summer. Each property comprises 70,000 to 80,000 square feet of storage space.

The company targeted Colorado to meet pent-up demand, Suddarth told the source. “There were over 70 projects in metro Denver planned, rumored on under construction as of last summer,” he said. “Of course not all of those will be built, but 70 projects in a market that can take only about 10 or 15 in year was a concern.”

Founded in 1994 and based in Santa Monica, Calif., WWG acquires, develops and operates more than 100 self-storage facilities in Arizona, California, Colorado, Florida, Hawaii, South Carolina and Texas.

Sources:

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