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PEAK MANAGEMENT OPENS NEW SELF-STORAGE FACILITY IN BEL AIR SECTION OF HARFORD COUNTY, MARYLAND

BALTIMORE, MD (April 8, 2014) – Peak Management, an affiliate company of Hill Management Services, Inc., has announced the opening of its seventh “YourSpace Storage” self-storage facility in the greater Baltimore-Washington, D.C metropolitan market. The latest facility is positioned near the intersection of MD Routes 24 and 924 in Bel Air, Maryland and represents their third location in the Harford County region.

The new self-storage facility will feature 876 units ranging in size from 5 x 5 feet, which can accommodate items contained in a typical walk-in closet, to 10 x 30 feet, an area that can store the entire contents of a single-family home. A total of eight different-sized units are available to suit the storage needs of consumers and businesses.

Each YourSpaceStore facility, including the newest one in Bel Air, is equipped with computerized entry gates, individually alarmed units, 24-hour digital video recorder monitoring and a full-service business office. U-Haul truck rentals are available for its customers.

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A number of factors are contributing to the popularity of self-storage facilities around the country including the growing trend of echo boomers and millenials which are defined as people between the ages of 18 and 34 years of age that are choosing to rent apartments rather than buy homes, and need additional storage capacity. The extremely low industry-wide vacancy levels of self-storage facilities is a strong indication that this product category is extremely healthy and under-served.

            “This Harford County location satisfied each important criteria in our search process for new locations, highlighted by its strategic position within a rapidly-growing residential area,” explained Teresa Rosier, Vice President of Peak Management.  “The site is highly-visible and within close proximity to a new intersection of MD Route 24, which is the most heavily-utilized roadway serving the Bel Air marketplace.

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“In addition, new retail concepts continue to target this area, including Wegmans Food Markets and we envision no slowdown in the velocity of new residents moving to this area. Combined with the number of apartment complexes and businesses in the immediate vicinity, we are extremely confident that this YourSpaceStore will fill to capacity quickly.”

            With this facility opening, Peak Management will now operate locations in Baltimore County and Harford County in the Baltimore market, as well as Frederick and Waldorf in St. Charles County, totaling more than 6,000 separate units. 

            Founded in 1976, Hill Management Services, Inc. is a privately-owned, full-service real estate development company.  Located in Timonium, Maryland, Hill Management owns more than four-million square feet of office, industrial and retail space as well as several hotel and self-storage facilities.  Hill Management Services seeks to provide long-term investments, exceptional customer service, and develop long-lasting tenant-landlord relationships.  For more information visit www.hillmgt.com.

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