(April 3, 2017)
Leon Capital Group, a Dallas-based real estate investment and development firm, announced today the opening of its first self-storage development project. The 77,855 rentable square foot development is located at 215 N. A.W. Grimes Blvd. in Round Rock, Texas. Embree Construction Group was the general contractor on the project.
215 N. A.W. Grimes Blvd. in Round Rock, Texas
“We’re extremely pleased with quality of design, construction and the location of the Round Rock facility,” said Leon Capital Group Managing Director Jake Walker. “Adhering firmly to our development strategy, the project was delivered in one of the best locations in that submarket.” The 3-story, class-A facility is managed by CubeSmart, a self-storage real estate investment trust and third-party management firm.
Leon Capital Group has two more Austin-area facilities under construction totaling 175,000 rentable square feet that are set to open in the third quarter of 2017. These two additional developments will be managed by Extra Space Storage and are located at 140 E. Sonny Drive in Leander, TX and at Ranch Road 620 and Swing Lane in Austin, TX. Embree Construction Group is the general contractor for these projects.
140 E. Sonny Drive in Leander, Texas
Ranch Road 620 and Swing Lane in Austin, Texas
The company also has six additional self-storage development projects in the design and permitting phase – five in the Portland-Vancouver MSA and another in Seattle. Once completed, these six projects will total approximately 615,000 rentable square feet of class-A self-storage space.
“As we continue to grow nationally, we are committed to staying disciplined in our approach by securing high-quality locations and building institutional-quality storage space that delivers the quality, convenience and service that today’s renters demand,” said Walker. “Our upcoming projects in the Pacific Northwest represent a continued commitment to this strategy.”
Leon Capital Group’s expansion in Central Texas and in the Pacific Northwest is part of the company’s larger strategy to deliver more than 3.5 million rentable square feet across 30 to 40 projects in top markets over the next few years.