NEWS

Washington Property Company (WPC) of Bethesda, MD has delivered a second self-storage facility in Rockville, MD.  Visible from I-270 and accessible from the Shady Grove Road exit, the 87,723 square foot structure offers 720 climate-controlled storage units of varying sizes, opening to interior air-conditioned corridors. An additional 51 non-conditioned drive-up units are situated along the building’s perimeter.

In 2016, WPC completed conversion of an obsolete 82,000 SF office building at 4 Research Place in Rockville to self-storage use. WPC’s new $15.6 million self-storage building was built from the ground up in the former office building’s parking lot. Now the two self-storage facilities share the same convenient location.

Both facilities are professionally managed by CubeSmart, one of the nation’s top four owners and operators of self-storage facilities. The buildings’ top two floors have elevator access while the lower levels are at grade, allowing customers who rent storage space on the lower floors to wheel items directly from the parking lot into their storage units. Wide loading/unloading areas with easy building access were designed to make moving quick and convenient.  Members of the public can rent space at the new CubeSmart online at www.cubesmart.com or calling 1-877-279-7585.

“These state-of-the-art facilities, offering direct access to I-270, were designed with a focus on convenience and customer service to deliver the best self-storage experience possible,” said WPC Vice President of Development Janel Kausner. “Self-storage provides many advantages to local governing jurisdictions. It provides substantial tax revenue without generating traffic or burdening taxpayer-funded services such as public schools.”

Celebrating its 15^th anniversary this summer, WPC recently broke ground for Solaire 8200 Dixon, a 403-unit apartment tower in the heart of the Ripley District in downtown Silver Spring, MD. At 26 stories, Solaire 8200 Dixon will be Silver Spring’s tallest building and will house the area’s first food hall/city market, which will be open to the public. It is scheduled to deliver in 2022.

Washington Property Company (www.washproperty.com) is a full-service commercial real estate company located in Bethesda, Maryland.  Established by Charles K. Nulsen, III, WPC is involved in a full range of real estate investment services including acquisition, land use, development, property management, leasing, and construction management. WPC has developed more than eight million square feet of commercial space in the Washington, DC metropolitan area and currently has over 1.6 million residential square feet under development. WPC is actively pursuing office, multi-family, retail, and mixed-use development opportunities throughout the region. Through its management company, WPC Management, LLC, Washington Property Company manages over 1.8 million square feet of commercial space.