Boardwalk Development Group expands in Southeast with new self-storage project in Summerville, SC

NRI PULSE STAFF REPORT

Suwanee, GA, November 5, 2024: Boardwalk Development Group, led by founder/CEO Raj Seth, has announced the successful closing of a new self-storage development in Summerville, South Carolina, further establishing its presence in the Southeastern United States. Located at 165 Quality Drive, the state-of-the-art facility aims to meet the growing demand for quality storage solutions in Summerville, a rapidly expanding area.

The project will feature a variety of storage unit sizes, offering secure, climate-controlled options for residents and businesses. Advanced security measures and convenient access hours with on-site management will ensure a secure and user-friendly experience.

“We are excited to close on our seventh major development project in just two years,” said Sheth. “This cements Boardwalk’s position as one of the largest self-storage developers in the Southeast, with over $100 million in current development projects and six additional projects in the pipeline.”

Construction is scheduled to begin this month, with an anticipated opening in December 2025. Boardwalk Development Group, with its 17-year history and more than $500 million in development projects, ranks among the Top 50 self-storage operators nationwide. The company has achieved an average gross realized Internal Rate of Return (IRR) of 39% and a 300% Return on Investment (ROI) across its projects, highlighting its commitment to creating value for investors and communities alike.

The Summerville facility represents a key step in Boardwalk’s mission to deliver innovative storage solutions and strengthen local economies across the Southeast.

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