MORNINGSTAR BUILDS NEW STORAGE PROPERTY IN CHARLOTTE’S SOUTH END

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    Morningstar Properties has begun construction on a new self-storage property in Charlotte’s South End neighborhood that’s set to open in December. The building will add 100,000 square feet of facility space and over 700 storage units to the company’s portfolio.

     Morningstar now owns and operates 28 mini-storage centers comprising more than 13,000 storage units in 9 states, mostly concentrated in the South.

     The new state of the art facility is conveniently located on the corner of S. Tryon Street and Griffith Street and is well positioned to serve the burgeoning live/work scene in South End as well as provide Dilworth citizens with Class A storage options. Designed with the customer experience in mind, the facility will feature only heated and cooled units, code controlled access and other customer centric amenities. The new site will have a modern design resembling a high-end retail building, complete with lush and well-lit landscaping. It fully meets Charlotte Center City Partner’s goal of a ‘raised development bar’ for the immediate area. The entryway and parking lot will be easy to navigate and is structured so that people with storage cargo can maneuver through the property at ease.

    “With each new storage facility, we look for ways to improve so that we may provide our customers with the best possible experience,” said Dave Benson, Morningstar Properties president. “This property will be the premier storage facility in the greater Charlotte area and we believe that superlative extends to the entire Southeast. We’ve served the Charlotte area for over 30 years and are proud to be able to invest in the growing South End community, while providing a much needed neighborhood service.”

     Morningstar will begin taking reservations in November. For more information on the newly acquired property or Morningstar Properties, visit mstarproperties.com.

    About Morningstar Properties

    Morningstar Properties is a vertically integrated real estate developer, owner and operator of specialty real estate products focused primarily on self-storage and marinas in the Southeast United States. Since 1981, Morningstar has developed, acquired and operated over 125 self-storage projects across the country totaling in excess of 8.8 million square feet. Currently the company manages a network of 27 storage properties under the brand name of Morningstar Mini-Storage in nine states, mostly concentrated in the South. In addition to storage centers, Morningstar owns and operates 12 marinas across the Southeast and Great Lakes. The corporate headquarters are located in Charlotte, NC. Morningstar’s future growth is funded through Blue Doors Capital Management, an affiliated private equity fund designated for acquisition and development of self-storage centers.

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