Bruno’s Self Storage 2 LLC has acquired a 5.67-acre parcel in the West Bend Corporate Center of West Bend, Wis., with the intent to develop a 134,000-square-foot facility. Once complete, the property will be managed by self-storage real estate investment trust and third-party management firm Extra Space Storage Inc. and rebranded under its name. Construction is scheduled to begin in September, with completion expected in the spring, according to a source.
The facility will feature climate-controlled and traditional units, along with LED lighting and jazz music piped through the property. “There was really a need for [self-storage],” owner Bruno Hanney told a source. “There’s just a lot happening in West Bend.”
Bruno’s purchased the property from Continental 52 Fund LLC, which also sold a 3.27-acre lot to Wolfpack One Investments LLC. That parcel is expected to eventually house a 30,000-square-foot, multi-tenant industrial facility. Several plots within the corporate center are for sale, ranging from one to 59 acres, a source reported. The center occupies about 70 acres at the interchange of Highway 45 and West Paradise Drive.
The West Bend project will be Hanney’s second development earmarked for Extra Space. The first is under development in Grafton, Wis.