WYLIE, TX—While activity continued into the first quarter of2020 in the national self-storage sector, there was a decline goinginto April, according to JLL's self-storage REITs first quarter2020 report. One exception is the acquisition of an101,931-square-foot self-storage facility in Wylie. The 11-buildingfacility has 760 units and 75 premium RV parking spaces.
Trez Capital and partner Hines recently purchased the propertylocated at 570 Country Club Rd. for an undisclosed purchase price.The facility is located across from Wylie High School near theintersection of Highway 544 and Woodbridge Parkway.
"Our first self-storage acquisition with Hines has seen greatsuccess in the booming Plano market. We saw the Wylie self-storagefacility as another opportunistic investment to add to our growingportfolio with Hines," said John Hutchinson, president, central andsouthwestern US, Trez Capital.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
