Casey Real Estate Investment LLC and Casey Property Management LLC have acquired a 72,000-square-foot self storage facility at 201 Concord St. in Pawtucket, R.I. The facility will operate under the brand name Casey Storage Solutions and will be managed by Casey Property Management Group. Eastern Bank of Boston provided debt financing for the transaction.
The acquisition brings the holdings of Casey Storage Solutions to a total of eight self-storage properties consisting of more than 450,000 square feet and 3,500 units. The facilities are in Massachusetts, Rhode Island and Vermont.
"The acquisition is very complementary to our growing New England self-storage portfolio as well as our existing self-storage facility at 2 Delta Drive in Pawtucket, said Morgan Hanlon, founder and managing member of the Casey companies.
Casey Real Estate Investment is a real estate investment company that acquires, owns and operates commercial real estate, primarily in the self-storage sector.