For Immediate Release
For More Information, Contact: Kelly McKone, Executive VP of Real Estate for 1784 Capital Holdings, LLC 602-885-2552
1784 Capital Holdings Purchases Land and Begins Development
of Tucson Grove Self Storage
Scottsdale, AZ - February 6, 2017-- Scottsdale-based 1784 Capital Holdings LLC has acquired 2.81 acres at 121 W. Orange Grove in Tucson. The company has begun construction of a two-level, freestanding self-storage facility on the property.
“This property is located at the western edge of the Catalina Foothills mountains and is an ideal location for the growing community of self-storage users,” says Shane Albers, chairman and CEO of 1784 Capital Holdings. “We are committed to the Tucson marketplace and look forward to expanding within the city. Our company has allocated $250 million for the development of Class-A, institutional-quality self-storage as we continue to expand our national portfolio under the direction of Executive Vice President Kelly McKone.”
The 2.81 acres were acquired as two vacant lots. 1784 Capital Holdings LLC purchased the properties from Arizona-based Orange Grove/Oracle LLC and 4-D Properties, LLP. Denise Nunez of NAI Horizon negotiated the purchase transactions.
1784 Capital Holdings is developing 532 storage units on the site in a building totaling approximately 73,250 square feet. Both levels of the facility will offer vehicle access. The business will offer both climate and non-climate controlled storage units.
About 1784 Capital Holdings, LLC
1784 Capital Holdings is a leader in the development, building, leasing, owning, and selling of self-storage facilities. 1784’s priority is to fulfill the growing demand for quality storage in emerging markets by creating an expansive portfolio of self-storage properties through the ongoing development of new facilities, the acquisition and repositioning of existing big-box retail properties, and the purchase and redesigning of strategically located yet poorly optimized storage properties. To learn more, visit www.1784CapitalHoldings.com
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READ MORE ABOUT
OUR TUCSON PROJECT
1784 Capital Holdings LLC
Shane Albers, Chairman and CEO
8777 N. Gainey Center Drive, Suite 191
Scottsdale, AZ 85258
Plans, specifications, included features, available options and elevations are subject to change without notice. All dimensions and square footages are approximate. Renderings are artist conceptions. Plans an renderings are the copyrighted property of 1784 Capital Holdings LLC and Bakken Communities. Reuse of plans is strictly prohibited.