HPI Horne Storage to Build San Antonio Facility
The partnership has closed on its first self-storage development, a 134,000-square-foot facility situated 17 miles from downtown San Antonio.
By Evelyn Jozsa
10126 Potranco Road, San Antonio
HPI Horne Storage, a joint venture of HPI Real Estate Services & Investments and self-storage industry veteran Hugh Horne, is set to build a new 134,000-square-foot facility in San Antonio. SBS Construction is the general contractor and Archon Architecture is the designer of the development, which is slated for completion by April 2019. The facility will be managed by a self-storage public real estate investment trust.
The new building will be positioned at 10126 Potranco Road on 3.7 acres near freeways 151 and 1604, roughly 17 miles from downtown San Antonio. The area is densely populated; approximately 106,000 people live within a three-mile radius, with an average income of around $64 000. The property will offer 979 climate-controlled units.
“This is the first of several sites we are developing in high profile, but undersupplied trade areas in San Antonio,” said Hugh Horne, president of HPI Horne Storage, in prepared remarks. “On top of our San Antonio projects, we are building a national portfolio of 20 plus properties over the next three to five years.”
The joint venture’s second project will be situated at 12727 Vista Del Norte, east of Blanco Road and Wurzbach Parkway. In addition to this, HPI has a third facility planned near the Pearl District.
Rendering courtesy of HPI Horne Storage
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