Phoenix, AZ – A joint venture between Barker Pacific Group (BPG) and Artemis Real Estate Partners (Artemis) has acquired three, newly built, climate-controlled self-storage properties in Gilbert and North Phoenix, AZ. The Class-A facilities total 234,350 sf and feature 2,189 storage units. Two of the properties are located in Gilbert, while the other is in Tramonto (North Phoenix). After the November 2020 acquisition of Life Storage N 16th Street, this marks the JV’s second foray into the Phoenix market bringing the total to four self-storage facilities jointly acquired by BPG and Artemis in the Phoenix MSA.
“We are excited to continue building our presence in Phoenix with these new Class-A self-storage properties,” said Jae Ho, Partner at BPG. “Similar to our first acquisition in the area, we are attracted to these properties’ locations, quality construction, amenities and strong leasing activity.”
The BPG-Artemis joint venture is diligently searching for additional opportunities to further expand in the region.