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CubeSmart Self-Storage Facility to Be Built in Tewksbury, MA

CubeSmart, a self-storage real estate investment trust (REIT) and third-party management firm, is building a facility in Tewksbury, Mass. The project was approved last year, but land clearing has just begun, according to the source.

November 28, 2017

1 Min Read
CubeSmart Self-Storage Facility to Be Built in Tewksbury, MA

CubeSmart, a self-storage real estate investment trust (REIT) and third-party management firm, is building a facility in Tewksbury, Mass. The project was approved last year, but land clearing has just begun, according to the source.

The property at 395 Woburn St. is in the Westside Neighborhood Business District and zoned for self-storage. The company plans to build two two-story structures containing a total of 750 units. The site will also include 19 parking spaces.

During a public hearing in July 2016, planning-board members and REIT representatives worked through several issues, including the traffic and construction impacts on the area, lighting concerns, and the use of vegetation as a screen. CubeSmart agreed to install a solid, 6-foot, vinyl fence on the north side of the property and a 6-foot, chain-link fence at the rear and south sides. Following the discussion, the planning board approved a special permit for the site plan.

CubeSmart also operates an existing self-storage facility in Tewksbury. The company purchased the three-story property at 545 Clark Road in 2014. It owns or manages 908 self-storage facilities across the United States, with an operating portfolio comprising 61.4 million square feet.

Sources:

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