The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, has purchased a 3.17-acre parcel of land in Phoenix for $3.05 million on which it plans to build a new self-storage facility. The property is along Seventh Street, north of Indian School Road, near the Carl T. Hayden Veterans Affairs Medical Center. WWG plans to build a 100,000-square-foot storage facility as well as a small retail office, according to the source.
The seller, the Gary D. and Kathleen Steele Trust of Phoenix, was represented in the transaction by Troy Dixon of Dallas Real Estate Inc. WWG was represented by Larry Ortega and Daniel Ortega of Colliers International.
WWG also recently purchased Tempe Warner Self Storage in Tempe, Ariz., for $6.7 million. The facility is comprised of 52,000 square feet of storage space and is on a major thoroughfare in Tempe.
Earlier this year, WWG was identified as one of eight independent self-storage operators expected to grow significantly in 2015 by SpareFoot, an online marketplace for self-storage consumers. The company plans to grow to 150 facilities through acquisitions, third-party management and a new national-development program. In addition to its existing regions, it’s eyeing a foothold in the Northeast, according to “The SpareFoot Storage Beat.”
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.
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