NitNeil Partners Announces Latest Self Storage Project in Downtown Durham, North Carolina

Posted by Poppy Behrens on Jun 5, 2015 12:00:00 AM

NitNeil Partners Announces Latest Self Storage Project in Downtown Durham, North Carolina

ATLANTA, GEORGIA – June 3, 2015 – NitNeil Partners has acquired a development site on West Seminary Street in Downtown Durham, North Carolina in a joint venture with Equator Capital Management and Faison Enterprises, Inc. The project will commence construction this month and result in a 3-story 85,000 square foot climate controlled self storage facility scheduled for completion in March 2016. Downtown Durham has had an influx of new residents and businesses and this facility will support the pent-up need for high quality, intown self storage.

“Durham has become much more than just a college town”, says Nitesh Sapra, Principal of NitNeil Partners. “With the presence of Duke Medical, the American Tobacco Campus, the Durham Performing Arts Center, and the upcoming Durham Innovation District, the city is emerging as an innovation and cultural hub for the region.”

This project is a part of a series of new development projects for NitNeil. The firm recently completed a facility in Greeville (South Carolina) and currently has projects underway in Dunwoody (Georgia), Charleston (South Carolina), and Tampa (Florida). Equator Capital has several active real estate projects in the New York City and the Raleigh-Durham MSA. Faison Enterprises Inc. has been a prolific real estate investment firm for the past 50 years across the Southeast.

NitNeil Partners is a real estate investment firm that develops architecturally-inspiring self storage facilities in high growth, urban settings. With a portfolio consisting of 800,000 square feet and a development pipeline of 350,000 square feet spanning across nine states, the company continues to expand its presence through its strategic partnerships.

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