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16 Things You Need to Know This Morning

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16 Things You Need to Know This Morning
EagleBank Finances Oxon Hill Storage Facility
EagleBank is financing the two-phase development and construction of a three-story, Class A self storage facility on Southern Avenue in Oxon Hill, MD. The project is a JV between Arcland Property Co. and Maisel Development Co.. Phase I, consisting of 531 storage units, was completed in 2015. Phase II will be a 100K square foot expansion. Once complete, the facility will feature a total of 1,375 climate-controlled and drive-up units with electronic gated access and 24-hour video surveillance. Professional property management is provided by Extra Space Storage with an on-site resident manager. Phase II is expected to deliver in Q1 of 2018.
 

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