Public Storage (NYSE:PSA) opened its newest self-storage location today, its seventh in the Houston area this year. All together they added more than a million square feet of new storage in less than a year in one of the company's largest and most important markets.

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Public Storage at 8008 West Grand Parkway South, Richmond, TX 77406 opened December 15 to serve the  ...

Public Storage at 8008 West Grand Parkway South, Richmond, TX 77406 opened December 15 to serve the growing Houston suburb. It has more than 1,200 climate-controlled self-storage units next to Grand Parkway. (Photo: Business Wire)

The new Public Storage at 8008 West Grand Parkway South, Richmond, TX 77406 boasts more than 1,200 climate-controlled storage units near Houston. The five-story, bright orange building is easy to spot from State Highway 99 near South Mason Road. Thanks to its new locations, Houston eclipsed Dallas this year as the company's largest market in Texas, beating it by 500,000 square feet of self-storage space!

The Richmond storage facility will serve residents of the rapidly growing community as well as those in Sugar Land and nearby master communities such as Aliana Houston, Harvest Green and Long Meadow Farms.

Richmond has experienced 4 percent population growth over the last five years according to the U.S. Census, and Grand Parkway, aka Highway 99, is being expanded in sections to accommodate additional commuters in the greater Houston area.

The new storage location, and many of the other newly constructed facilities around Houston, is indoors and offers climate controlled storage in a range of prices to suit personal and business needs.

Public Storage's impressive growth supports the expanding community, and the company plans to continue to provide the latest and greatest Texas self-storage options to Houstonians in the future.

"2018 is going to be big," said Jarrod Yates, a Public Storage vice president of real estate based in Plano, Texas.

For more information, visit the Public Storage blog. Follow Public Storage on Facebook and Twitter.

Company Information

We help customers in their time of need, whether moving, downsizing or storing for business. Public Storage was founded in 1972 with a single Southern California self-storage building. We've grown a bit since then, to more than 2,358 locations around the country, making us the largest in the business today and a member of the S&P 500. We offer self-storage options of all shapes and sizes and the same personal attention from on-site managers that we've been giving from day one. For stockholders, we are a real estate investment trust, meaning we distribute a large portion of revenue to public investors in the form of dividends. Learn more about Public Storage at https://www.publicstorage.com.

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