23 Feb BCDC, Bakke Expand Storage Partnership with New Texas Facility
Bakke Development Corp. (“Bakke”) and BCDC have broken ground on a 987-unit climate-controlled storage facility in New Braunfels, Texas. It marks the fifth self-storage facility by the joint-venture partners.
Located at 982 I-35, the new building will offer climate-controlled secure units encompassing 104,875 square feet on a 1.85-acre parcel. The strategic placement of the site along Lake Front Avenue, just east of Interstate 35 and south of Loop 337, provides exceptional visibility, with approximately 137,000 vehicles passing through Interstate 35 daily.
The facility is strategically positioned within a densely populated residential area, boasting a population of over 50,000 within a 3-mile radius. The city’s central location in Texas, equidistant from San Antonio and Austin, coupled with its education system, affordable cost of living, stable economic climate, and recreational opportunities, have fueled remarkable population growth. Since 2012, New Braunfels’ population has grown over 65%. It has been ranked as one of the top five fastest-growing cities in the nation recently.
“With limited existing inventory and tremendous population and employment growth, the demand for self-storage in New Braunfels is climbing, and we are thrilled to meet this demand through our partnership with Bakke Development Corp,” said Litt Glover, CEO of BCDC. ” This facility will provide secure and climate-controlled storage options and contribute to the economic vitality of the fast-growing community.”
The new four-story facility will feature cutting-edge security measures, including state-of-the-art CCTV and card access systems.
Independent Contractors, Inc. will build the new project; Alamo Architects Inc. is the architect and INK Civil is the civil engineer. Frost Bank is the senior lender for the development.
The partnership expects delivery in the first quarter of 2025.
About Bakke
Bakke Development Corp. has developed more than 1,000,000 square feet of self-storage space, more than 1,500 multifamily units, 250,000 square feet of retail, and more than 30,000 square feet of office space, amounting to more than $325,000,000 in capitalized projects. Established in 1996 in San Antonio, Bakke focuses exclusively on Texas. For more information, visit bakkedevcorp.com.
About BCDC
Founded in 1963, BCDC is a wholly-owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services, from development and construction to equity and credit enhancements to brokerage and property management. Visit www.batsoncookdev.com for more information.