Company upcycles shipping containers in patented eco-friendly building design
JLL announced today that the firm has negotiated and completed the acquisition of a 2.4 acre land parcel located at the intersection of Kingsley Drive and Shadow Creek Parkway in Pearland, Texas on behalf of GreenSpace Self-Storage, LLC.
The company plans to begin construction on a 1000-unit self-storage development at the site later this year. The Class A facility will offer 100,000 net rentable square feet with a variety of climate-controlled options from first-floor drive-ups to interior units of various sizes. The two-building three-story complex will feature 24-hour surveillance, electronic access control, and a retail-oriented customer service office.
“This site made sense for us due to the strong growth trends in the area and the demand for storage units in the local community,” GreenSpace Co-Owner David Ledoux said. ““We are aggressively seeking properties that make sense for self-storage developments throughout the United States,”
The company has purchased three properties in the last seven months, closing on each one well in advance of contractual requirements. It has plans to develop 50 storage facilities in the next seven years and currently has projects in progress in Sacramento, Philadelphia, and Portland, Oregon.
GreenSpace’s modern, patented storage facility design upcycles surplus shipping containers, providing an eco-friendly cost-effective building technique that requires a shorter construction timeline than traditional storage facilities.
“We modify the containers off-site then bring them in and stack them,” Ledoux said. “It’s much quicker and less expensive to build, and the finished product is indistinguishable from any other Class A storage facility.”
Greenspace opened the first self-storage facility made from shipping containers earlier this year. It is also located in Pearland.
JLL’s Chris Bergmann Jr. represented GreenSpace in the transaction. JLL is the exclusive real estate service provider for the GreenSpace.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com
