World Class Capital Group LLC (WCCG), which operates the Great Value Storage brand, is expanding its self-storage presence in Texas. The real estate firm has purchased land for a new development as well as two existing storage properties.
The undeveloped parcel is at 5402 S. Congress in Austin. The acquisitions are both in Texas City. All three additions are intended to enhance the company’s national storage portfolio, according to a press release.
Last summer, WCCG acquired an aging retail center in Austin with the intent to build a four-story storage facility. At the time of the acquisition, the property at 2209 S. First St. was known as “Slackerville.” It featured an eclectic mix of retailers including a record store and several boutique shops. The structure was originally built as a grocery store in 1946.
WCCG is a national real estate investment firm focused on acquiring, developing and managing real estate. Its portfolio includes investments in industrial, land, multi-family, office, retail and self-storage properties. The company is headquartered in Austin with a significant presence in New York City.
Great Value Storage, a privately owned self-storage company, operates 61 self-storage facilities in Illinois, Indiana, Mississippi, Missouri, Nevada, New York, Ohio, Tennessee and Texas.