St. John Properties enters the self-storage craze

Baltimore Business Journal  |   Melody Simmons

A 135,000 square foot big box for self storage is in the works by St. John Properties at Greenleigh at Crossroads in Middle River.

St. John Properties has started work on the first of three 135,000-square-foot self-storage developments across the Baltimore area.

The big-box storage complex is expected to open at Greenleigh at Crossroads as a residential and office-related amenity in the fall. The facility will be located just off Route 43 at the 1,000-acre development in Middle River with 959 climate-controlled units ranging in size from a 5-foot square to 10-foot by 30-foot.

St. John is also planning self-storage facilities at the 44-acre BWI Technology Park II near Baltimore/Washington International Thurgood Marshall Airport and the Waugh Chapel Business Park in Gambrills.

The facilities will be operated by Salt Lake City-based Extra Space Storage, which manages more than 900,000 units in 40 states.

A spokesman for St. John Properties, the Woodlawn-based development firm, said businesses have requested a need for extra space to store documents among other items from the office spaces they lease. The number of self-storage units across the U.S. has reached 52,000, according to SpareFoot Storage Beat, an industry trade publication. Annual revenue nationally from self-storage rentals is estimated at $38 billion.

“With our land availability in several mixed-use business communities, we believe this is the opportune time to enter the self-storage product category and add another valuable amenity for our clients and the surrounding neighborhoods,” Jay Riley, a spokesman for St. John, said in a statement.