NEW LONDON, CT — The Hampshire Companies, a full service, private real estate investment firm, continues to expand its self-storage portfolio with the acquisition of a two-acre parcel at 351 North Frontage Road in New London, Conn. The firm announced it will develop a new 100,000-square-foot state-of-the-art storage facility bringing the first modern, institutionally managed self-storage facility to the city. Construction is slated to begin in 2Q 2019.
Located in one of New London’s main shopping hubs, the project marks Hampshire’s second investment in a designated Opportunity Zone as classified by a recent federal program that focuses on the development of projects in low-income, urban and rural areas. The property features prominent retail orientation offering excellent visibility from I-95 and strong market demographics. The approximately 800-unit facility will feature modern architecture with four levels of climate-controlled storage space. READ MORE.