Hines acquires Storage 365 Worcester

United States

Deal value: $9M

Hines acquired Storage 365 in Worcester, Massachusetts, a four-story self-storage building at 1 Brussels St. comprising 50,730 square feet. The seller was Valk Properties Two LLC.

Hines is acquiring Storage 365 Worcester to expand its exposure to the self-storage sector, which offers stable, inflation-resistant cash flows and diversification within its real estate portfolio. The timing reflects growing institutional interest in self-storage, driven by demographic shifts, urbanization, and resilient demand even during economic uncertainty. The asset’s location in a redeveloping area of Worcester and its modern, climate-controlled features align with Hines’ strategy to target high-quality, well-located properties with strong fundamentals.