10B — January 25 - February 7, 2019 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
www.marejournal.com
O wners , D evelopers & M anagers
EW LONDON, CT — The Hampshire Companies , a full Marks second Opportunity Zone Investment The Hampshire Companies to develop modern self-storage facility in New London, Connecticut N ing the first modern, institu- tionally managed self-storage facility to the city. Construc-
urban and rural areas. The property features prominent retail orientation offering ex- cellent 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. “Although we’ve been bull- ish on self-storage develop- ment opportunities over the past few years, we continually work to strategically identify undersupplied areas in cities like New London that fit into our overall self-storage invest- ment strategy,” said Michael
continues to grow its self- storage market authority with 13 self-storage development projects currently underway aggregating $239 million of investment and is targeting another 14 additional projects with an aggregate value of $243 million in the pipeline. “Our history and track re- cord of success has helped guide our self-storage invest- ments strategy,” added James Hanson II , president & CEO of The Hampshire Compa- nies. “Our goal is to deliver a superior product to under- served markets. New London’s Qualified Opportunity Zone designation further exempli- fies the city’s ideal location for these increasingly in-demand assets, allowing us to bring an important amenity to the market.” Swope joins owner- ship team at Warfel EAST PETERSBURG, P A — Warfel Construction an- nounced vice president Con- and dedication to serving his teammates and our cli- ents,” said president Matthew Hartzler . “Through his con- tinued investment in Warfel, we look forward to providing our Clients with steady lead- ership and commitment to our mission of creating Clients for Life.” “One of the highlights in my career is bringing a new part- ner intoWarfel to help lead the organization for many years to come,” said CEO Ralph Simp- son . “Over his time here, Con- lan has exhibited our values of initiative, honesty, account- ability, and teamwork, but most importantly he possesses unquestioned integrity.” “Conlan’s passion for pro- viding our clients with an exceptional experience and his high energy, results-focused approach is a great asset to Warfel,” said vice president Brett Calabretta . “I’m ex- cited to have him join the partnership and look forward to his continued leadership in operations.” Conlan Swope lan Swope, LEED AP will be join- ing the com- pany’s own- ership team. “ We a r e inspired by Conlan’s en- t h u s i a s m
Legacki , senior acquisitions manager for The Hampshire Companies. “Our extensive ex- perience and expertise in the asset class enabled us to work cooperatively and efficiently with the city of New London through the approval process as we look to deliver an insti- tutional quality self-storage project on time and on budget.” Having repositioned or de- veloped 33 self-storage facili- ties with an aggregate value of over $415 million since 2012 alone, Hampshire has built a robust portfolio of self-storage facilities along the eastern United States. Hampshire
tion is slated to begin in 2Q 2019. Located in one of New L o n d o n ’ s main shop- ping hubs , t h e p r o j - e c t ma r k s
service, pri- vate real es- tate invest- ment firm, continues to expand i ts self-storage p o r t f o l i o w i t h t h e acquisition
Michael Legacki
James Hanson II
Hampshire’s second invest- ment in a designated Oppor- tunity Zone as classified by a recent federal program that focuses on the development of projects in low-income,
of a two-acre parcel at 351 North Frontage Road in New London, Conn. The firm an- nounced it will develop a new 100,000-square-foot state-of- the-art storage facility bring-
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