6-12-15

6C — June 12 - 25, 2015 — Pennsylvania — M id A tlantic

Real Estate Journal

www.marejournal.com

C entral PA

Two new temperature controlled buildings totaling 8,000 s/f each Investment Real Estate Construction completes expansion at CaGe Self Storage in Dillsburg, PA D

illsburg, PA — Investment Real Es- tate Construction, LLC (IREC) announced the completion of two temperature controlled buildings at CaGe Self Storage in Dillsburg. Dillsburg is located in York County near the state capital of Harrisburg. CaGe Self Stor- age sits a short distance off of US Highway 15 in Carroll Township. IREC has designed and con- structed two new temperature controlled buildings totaling 8,000 s/f each. The existing facility consisted of 56,650 s/f

CaGe Self Storage building 2

CaGe Self Storage building 1

with an on-site management office and opened in 1986. The new buildings have standing seam roofs, roll-up doors and swing doors, and match exist- ing structures. All new units are interior access. There was an added challenge to make all units ADA compliant on the single story buildings. Two additional slabs were also prepared for future ex- pansion as demand remains high. n John Gilliland gives State of the Industry Speech at PASSA Meeting York, PA — John Gil- liland , president & CEO of Investment Real Estate, served as president of PASSA from 2002-2006 and is a cur- rent member. With his exper- tise as an owner and broker for more than 20 years, he is a frequent speaker at state and national storage conventions and writes articles for national self storage publications. This speech was geared to- ward the overall condition of the industry as a whole. He covered many key points such as occupancies staying high at existing properties leading to expansions and new construc- tion; rental rates increasing steadily due to higher demand; and low interest rates making lending easier to purchase, renovate and build self storage properties. n John Gilliland LLC (IRE) , gave State of the Industry speech at the Pennsylva- nia Self Stor- age Associa- tion (PASSA) Meeting. Gi l l i land

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