Devon Awarded Property Management of Six Self-Storage Assets

Devon Self Storage, a member of The Inland Real Estate Group of Companies, Inc., has been awarded the property management contract for six self-storage properties in Indiana, Colorado, Michigan, Nevada, and Louisiana totaling approximately 361,000 square feet.

“With the addition of these properties, we have increased our managed portfolio by 5.3 percent,” commented Ken Nitzberg, Co-CEO of Devon, who founded the company in 1988. “Our goal remains steadfast in managing and providing best-in-class self-storage services and operational efficiencies for the customers and owners through the breadth and depth of more than 50 plus years of commercial real estate experience with a keen focus on each asset, its market demographics, and financial data.”

The locations of the properties are under the new contract are as follows:

• 1121 North Coliseum Boulevard in Fort Wayne, Indiana, offering 70,919 square feet of 603 climate-controlled units
• 11402 Cherokee Street in Northglenn, Colorado, offering 50,503 square feet of 487 units
• 2019 Dixie Highway in Waterford, Michigan, offering 54,150 square feet of 459 climate-controlled units
• 2645 S. Nellis Boulevard in Las Vegas offering 48,850 square feet of 387 climate-controlled units
• 10811 Coursey Boulevard in Baton Rouge, Louisiana, offering 70,307 square feet of 595 climate-controlled units
• 10770 Jefferson Highway also in Baton Rouge, Louisiana, offering 67,015 square feet of 496 climate-controlled units. 

To date, Devon manages 119 properties for 12 property-owners across the nation. Devon expects to add approximately 100 additional self-storage facilities by year-end.

Ken Nitzberg is featured on the cover of our April 2024 issue in the story "Empire Building" focusing on the alliance between Devon Self Storage and Inland. Be sure to check it out and subscribe to MSM for more!