Public Storage, a publicly-traded owner, acquirer, developer, and operator of self-storage properties, announced the reopening of a facility adjacent to Apple, Inc. offices in Cupertino.
The Public Storage at 20565 Valley Green Drive, Cupertino location now features two five-level state-of-the-art buildings that include app-enabled digital property access and account management, eRental capability, and smart security cameras.
Public Storage enhanced an existing, forty year old facility from 51,000 square feet to 195,000 square feet and built it with sustainability in mind—including energy-efficient solar panels, motion-sensor LED lighting, and sustainable landscaping improvements. The site previously housed 585 first generation storage units and has been expanded to 2,593 climate controlled units. The facility is also being certified to LEED Silver® standards.
“We are pleased to reopen our Cupertino facility and provide customers with a broad array of storage options,” said Joe Russell, Public Storage Chief Executive Officer. “This Cupertino location reflects one of Public Storage’s unique competitive advantages; specifically the ability to redevelop and expand properties driven by our experienced development team. This development exemplifies how we are enhancing our 200 million square foot portfolio across the country through acquisition, development, and redevelopment.”
The Company’s current total development pipeline of approximately $1 billion includes over $500 million in redevelopment opportunities with 20 projects totaling 3 million square feet of new space.
“We thank the City of Cupertino for its support in enhancing this tremendous location,” said Andres Friedman, Public Storage Senior Vice President of Development. “For nearly five years, numerous team members across Public Storage, the City of Cupertino, and vendors have been closely aligned in the redesign, approval, construction, and completion of this landmark storage facility.”