NitNeil Partners, an Atlanta-based real estate development and investment firm specializing in self-storage, has broken ground on a three-story storage facility near the West End Historic District of Greenville, S.C. The facility will comprise 92,000 square feet in 638 storage units and serve residents, businesses and students near the city’s urban core, according to a company press release. The project is expected to be complete next spring.
"Greenville's transition from a mill town to a modern, innovative economic and cultural hub is a remarkable story," said Nitesh K. Sapra, principal. "The revitalization of the city's urban core has resulted in the emergence of entrepreneurs and an influx of in-town dwellers, but there is a lack of secure, convenient storage downtown. Our goal is to provide an amenity to support the dynamic business and lifestyle needs of the local community."
The building will be constructed at 401 Dunbar St., within walking distance of a new apartment complex and a planned mixed-use development. “Dunbar is a pretty transitional sort of corridor, and we think that there’s a lot of momentum where Dunbar intersects with Augusta [Street],” Sapra told the source. “We feel like it’s going to trigger further momentum along Dunbar.”
The Greenville project marks the company’s expansion into South Carolina and will be followed by two similar self-storage facilities in Charleston, S.C., according to the source. NitNeil Partners recently completed a similar project in downtown Chattanooga, Tenn.
NitNeil Partners is a regional investment firm that specializes in the acquisition, development and management of commercial real estate, including self-storage. The company’s self-storage portfolio comprises 800,000 square feet across five states.