<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3TbUlj_1EpnunZV00" alt="https://img.particlenews.com/image.php?url=3TbUlj_1EpnunZV00" width="1200" height="630" >10 Federal Storage LLC, which operates more than 133 self-storage facilities in 16 states, has expanded into the retail sector. The company intends to apply the data-driven capabilities it developed through its self-storage platform to adjacent areas of commercial real estate, according to a press release.10 Federal’s first retail acquisition is the Eric Lane Shopping Center in Burlington, North Carolina. Sitting on nearly 25 acres at the intersection of Interstates 40 and 85, it comprises approximately 219,850 square feet. The company expects to continue raising capital and pursuing opportunities in retail and other sectors over the coming year, the release stated.“This strategy is highly complementary to our business, and we see it becoming an important growth engine for 10 Federal,” said Ian Levin, vice president of investments. “It allows us to apply the experience we’ve gained over the past 15 years to a complementary asset class while pursuing opportunities that fit naturally within our business.”Founded in 2010 and based in Raleigh, North Carolina, 10 Federal is a diversified real estate company that also operates multi-family properties. Its self-storage portfolio of owned and managed facilities comprises more than 3.4 million net rentable square feet.Source: Morningstar, 10 Federal Launches Retail Expansion with Eric Lane Shopping Center Acquisition</div></body>

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10 Federal Storage LLC, which operates more than 133 self-storage facilities in 16 states, has expanded into the retail sector. The company intends to apply the data-driven capabilities it developed through its self-storage platform to adjacent areas of commercial real estate, according to a press release. 10 Federal’s first retail...

Self-Storage Operator 10 Federal Expands Into Retail Sector

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10 Federal Storage LLC, which operates more than 133 self-storage facilities in 16 states, has expanded into the retail sector. The company intends to appl

Self-Storage Operator 10 Federal Expands Into Retail Sector

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