IRVINE, Calif., July 13, 2016 /PRNewswire/ -- Trico Capital Investments, Inc. recently closed on a 64,705 square foot industrial building in Garden Grove, California. Trico was represented by Progressive Realty Partners, Inc. and will hire Hard Hat, Inc. as a general contractor. Together Trico and Hard Hat will construct a second floor within the existing 21 foot high industrial building, effectively creating 94,000 net rentable square feet of Self-Storage space. Trico plans to take advantage of the dense Orange County market and leverage the marketing of Trico's existing Self-Storage facility, Lighthouse Self Storage at Beach Blvd., currently near 100% occupancy.
About Trico Capital Investments, Inc.
Trico Capital Investments, Inc. is a vertically integrated real estate investment, development and management company that has acquired, developed and managed Self-Storage, Multi-family, Mixed Use and Retail properties across California and Florida. By controlling every aspect of the process, Trico believes it has a firm grasp of how to evaluate and balance risk and return for its investors. Over the years, Trico and its affiliates have focused their efforts specifically into the self-storage industry and since have been involved in over 100+ Self-Storage projects.
Trico is currently acquiring assets in dense infill markets in California and Southeast Florida. Please visit our website at www.tricoinvestments.com to learn more.
About Progressive Realty Partners, Inc.
Progressive Realty Partners is Trico's wholly-owned property management group. Founded in 1996, the company manages self-storage and multifamily assets for Trico as well as 3rd parties. PRP's institutional management approach delivers best-in-class customer service supported by the latest in technology and digital marketing. The team is proud of its record of consistently delivering NOI growth, achieved by revenue maximization and controlled expense trends. Please visit our website at www.prpmgmt.com or www.lighthousestorage.com.
About Hard Hat, Inc.
Hard Hat, Inc. is a design/build firm located in Irvine, CA. The company boasts deep expertise in architecture, entitlement, and construction across multiple property types, with a particular expertise in Self-Storage. Over the past 25 years, Hard Hat has delivered projects ranging from simple tenant improvement work to complex ground-up developments. Please visit us at www.hardhatbuilders.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trico-capital-investments-acquires-self-storage-opportunity-in-orange-county-ca-300297766.html
SOURCE Trico Capital Investments, Inc.