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Josh Solomon
Owner, the Hartford Yard Goats
real-estate "pads'' on which to erect a restau-
rant or bank branch, experts note.
When completed and opened, the New Britain
storage facility will be operated under contract
by major storage-facility operator CubeSmart,
formerly the U-Store-It Trust, of Malvern, Pa.
CubeSmart counts at least nine self-storage
facilities in the Hartford area. CEO Guy Middle-
brooks said his company does not comment on
its business relationships with third parties.
However, both CubeSmart, among the top
five publicly traded self-storage realty invest-
ment trusts, and DealFirst Merrill, which is
solely a realty investor, have sterling reputa-
tions in the industry, Chiswell said.
Shovel ready
Interior demolition and other site work is
underway to convert the 65,658-square-foot
New Britain supermarket building on 7.63
acres into about 1,000 climate-controlled
self-storage units — sized from 25 square feet
up to 400 square feet.
William P. Carroll, New Britain's director of
economic and business development, said D-M
officials were in touch very early with the city
and worked closely with officials, including
Mayor Erin Stewart, to unveil their self-storage
plans and get the project off the ground.
D-M authorities also briefed neighboring
businesses and residents about the project,
assuring them the facility would not have any
outdoor storage for boats, campers, automo-
biles and other hardware, Carroll said.
Ultimately, D-M's concept to redesign the
building's façade and interior and restore a
retail building to active use, while simultane-
ously boosting its value to city tax rolls, won
over city officials and neighbors, Carroll said.
The city expedited building and other per-
mits so the conversion work could get under-
way as quickly as possible, he said. No city
tax abatements or other financial incentives
are involved in the makeover.
"These places aren't what they used to
be 20 years ago,'' Carroll said of self-storage
facilities. "Let's face it, nobody likes an empty
retail building in their backyard.'' n
Interior of one of DealFirst Merrill's self-storage centers.
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