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Bay Area Storage Market Demand Increases

SAN FRANCISCO-Following a recent self-storage facility purchase in the area, William Warren Group president and CEO, Bill Hobin, tells GlobeSt.com that the self-storage market is on the up and up.

By Natalie Dolce | Updated on December 18, 2012

SAN FRANCISCO-“The local storage market has held up nicely throughout the recession.” So says Bill Hobin, president and CEO of Santa Monica, CA-based William Warren Group, whorecently chatted with GlobeSt.com about a recent self-storage facility buy the firm had—its third purchase the Oakland, CA-area.

A week ago, the firm bought Beacon Self Storage, a 954-unit self storage facility in Oakland, CA, marking its sixth Northern California facility. WWG, which owns and operates StorQuest Self Storage throughout California and several Western US markets, purchased the self storage facility from AGI Capital for $8.8 million.

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