Charlotte-based developer Proffitt Dixon Partners today announces the completion and opening of Carraway Self Storage, the first climate-controlled self storage facility located at 500 Myrica Street, Chapel Hill, N.C. JLL Charlotte’s Project and Development Services (PDS) team managed the design and construction of the 93,000-square-foot, state-of-the-art development. Public Storage, the world’s leading owner of self-storage facilities, will act as a third-party manager for the asset on behalf of Proffitt Dixon Partners.
“We are thrilled to bring the first climate-controlled self storage facility to Chapel Hill,” said William Andrews, Partner at Proffitt Dixon Partners. “Our partnership with both JLL and Public Storage has allowed us to deliver a Class A storage facility with a wide array of amenities, flexible storage options and excellent customer service. We know this facility will continue to provide convenience, quality and accessibility to the Chapel Hill community.”
Rising four stories and spanning 93,000 square feet of rentable storage space, Carraway Self Storage features best-in-class amenities such as contactless rentals, LED sensor lighting, an advanced security system, and boat and RV storage options. All rental units are climate-controlled – a first-of-its-kind storage offering in the area. Adjacent to the development is a complimentary park-and-ride lot, further increasing the facility’s accessibility and parking options. Users can choose from small, medium and large unit offerings. Notably, all indoor units benefit from elevator accessibility.
Conveniently situated within the Carraway Village mixed-use district, Carraway Self Storage is quickly accessible to a variety of dining and retail options. With easy access to I-40 and just minutes away from both UNC Chapel Hill and Duke University, Carraway Village is Northwood Ravin’s latest project in Chapel Hill and features 403 units completed in 2019, and a brand new 207-unit second phase tower set to open in January 2024. Carraway Village’s current tenants include Chick-fil-A, Starbucks, UNC Health and Tesla in the growing mixed-use project along Eubanks Road.
“When planning this space, our team was focused on designing for functionality, convenience and quality,” said Martha Fakadej, Vice President at JLL. “With a wide array of users in mind, our goal was to create a space that was capable of withstanding the test of time, ultimately filling a need within the submarket. We know that Carraway Storage will be a valuable resource for Chapel Hill and are pleased to have partnered with Proffitt Dixon Partners on the project.”
About Proffitt Dixon Partners
Proffitt Dixon Partners is a real estate investment and development firm with a focus on Class-A apartment communities and self storage in the Southeast. The firm has closed transactions valued at nearly $1.5 Billion since 2008. We are active in North Carolina, South Carolina, and Tennessee. Proffitt Dixon Partners continues to seek unique opportunities in markets and submarkets with high barriers to entry, solid multifamily fundamentals, and strong population growth. The Proffitt Dixon team has over 100 years of combined urban residential, mixed-use, multifamily development and investment experience in the Carolinas, Tennessee, Florida, Georgia, Alabama, and California. The team’s experience spans from the development of high-rise urban projects to suburban multifamily, apartment acquisitions as well as value-add investments. Throughout their careers, the partners have developed more than 12,000 multifamily units valued at greater than $2.0 billion.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
