Friday, December 7, 2012

CubeSmart HQ will play a double role

by Natalie Kostelni

CubeSmart, a self-storage company that is now located off Swedesford Road in Wayne, will construct its own headquarters here that will be a little different from a typical corporate base.
The company will split the $19 million, 86,000-square-foot building it is constructing between offices and a self-storage facility. About 46,000 square feet will be dedicated to the corporate offices and the remainder to storage.
“We wanted to have the ability, when we have shareholders or analysts visiting to have meetings and then walk them over and show them the way the business operates,” said Christopher P. Marr, president and chief investment officer.
The closest storage facilities to its current headquarters at 460 E. Swedesford Road are in Norristown or Conshohocken.
The storage space will provide other uses. It will give new employees a place to train and learn about the company and generate revenue. The space will have roughly 200 storage units.
“We also wanted the ability to be on our own and control our own destiny,” Marr said. “It made a ton of economic sense.”
D2 Solutions designed the building and E. Kahn Development Corp. is the developer.

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