Larew Doyle & Associates arranges $13.9 million in construction financing for a self-storage facility

Peabody, MA

From New England Real Estate Journal – Located at the high-visibility intersection of Rte. 1 and I-95 – one of the north shore’s most active growth corridors – the six-story, 136,410 s/f facility will offer secure, climate-controlled units designed to meet the growing demand for modern storage solutions in the Greater Boston area. The project is expected to open in early 2026.

The financing was provided by a Massachusetts-based regional bank, offering competitive terms, a flexible structure, and execution – underscoring continued lender confidence in the region’s self-storage market. The Revere-based developer has assembled a team for the project. Upon completion, the facility will be managed by Public Storage (PSA), one of the largest self-storage operators in the United States. Read more here.