U-Haul will convert an old warehouse in Minnesota
U Haul revealed plans to convert an 81,864 square foot former warehouse in St. Cloud, Minnesota into a retail, moving and self-storage facility. Maiers Transport & Warehousing sold the property, after more than 20 years of ownership, according to Yardi Matrix data.
The facility, which now offers truck and trailer sharing, boxes, moving supplies and towing equipment, is expected to open for rental this summer. After the conversion, the building will include 650 air-conditioned units, retail and exhibition space and hitch installation services.
Located at 700 54th Ave. N., the property built in 1973 is less than 4 miles from downtown St. Cloud and close to Waite Park, a growing residential metro area.
Currently owning and managing over 71.6 million square feet of warehouse space across North America, the development is part of U-Haul’s corporate sustainability initiatives. The company aims to help communities reduce their carbon footprint by following an adaptive reuse strategy instead of building facilities from scratch.
U-Haul is also converting a former Kmart store in Rock Springs, Wyo., a historic rickhouse in Lexington, Ky., and a movie theater in Rome, Ga.