STOCK TITAN

U-Haul of Hammond Plans to Build New Store after Land Acquisition

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Rhea-AI Summary

U-Haul has announced plans to build a new facility at 6303 Calumet Ave., Hammond, Indiana, expected to be completed by summer 2026. The new center will be just a third of a mile from its existing location at 822 165th St. The project, intended to meet the growing community needs, will feature a three-story building with a modern retail showroom and 676 climate-controlled storage units. Acquired on May 26, the 2.7-acre property will also offer truck and trailer sharing, U-Box portable storage, towing equipment, propane, and moving supplies. U-Haul aims to hire locally, promoting job growth and offering veterans hiring preference. The company emphasizes sustainability through its shared-use model and adaptive reuse initiatives.

Positive
  • New facility to meet growing community needs.
  • New three-story building with modern retail showroom.
  • 676 indoor climate-controlled self-storage units.
  • High-tech security features at affordable price points.
  • Various services including truck and trailer sharing, U-Box portable storage, towing equipment, propane, and moving supplies.
  • Acquisition of 2.7-acre property completed on May 26.
  • Job creation with a focus on local hiring and veterans.
  • Promotion of sustainability through shared-use business model and adaptive reuse initiatives.
  • U-Box Load Share named 2023 Best in Biz gold winner for Most Environmentally Friendly Service of the Year.
Negative
  • Project completion delayed until summer 2026.
  • Potential operational challenges in managing two nearby locations.
  • Increased expenses from the construction and development of the new facility.

HAMMOND, Ind., June 6, 2024 /PRNewswire/ -- For more than 40 years, U-Haul® has been serving do-it-yourself movers in Hammond at 822 165th St. Today, U-Haul is announcing plans for a new facility to accompany its longtime center to meet the growing needs of the community.

U-Box Moving & Storage of Hammond at 6303 Calumet Ave. is scheduled for completion by summer 2026. It will be just one-third of a mile from the existing store. The 2.7-acre property was acquired on May 26.

Once the new facility is ready, it will serve as the parent store to U-Haul Moving & Storage of Hammond, which will remain open and be operated remotely.

Plans call for a three-story building with an expansive, modern retail showroom and 676 indoor climate-controlled self-storage units with high-tech security features at affordable price points. Customers will also have access to truck and trailer sharing, U-Box® portable storage containers, towing equipment and professional hitch installation, propane, boxes and moving supplies, and more.

Download the U-Haul app or contact Reservations at 1-800-GO-UHAUL.

"We are excited to develop land that has long sat empty and add to our current services available in Hammond," stated Raymon Powell, U-Haul Company of South Cook County & Northern Indiana president. "The new center will provide expanded options at a convenient location, including more climate-controlled storage to better serve the community's needs."

The center is near retail and residential areas with close proximity to Purdue University's Northwest Hammond campus.

Powell plans to hire additional Team Members to staff the new store when it is ready. U-Haul will look to hire locally to promote job growth in the Hammond community. U-Haul, honored as a Best for Vets employer by The Military Times, actively recruits veterans and gives them preference in the hiring process. Find U-Haul careers at uhauljobs.com.

U-Haul continues to benefit the environment through its shared-use business model. Truck and trailer sharing enables communities to share moving equipment so that families and individuals don't need to own large-capacity vehicles to transfer belongings. Sustainability initiatives like U-Haul Adaptive Reuse (the preserving and repurposing of existing buildings for new stores), truck modifications to improve fuel economy, and plastic Ready-To-Go Boxes® that are shared hundreds of times before being recycled are among the many ways U-Haul promotes green business. U-Box Load Share, the Company's latest sustainability program, was just named the 2023 Best in Biz gold winner for the Most Environmentally Friendly Service of the Year.

About U-HAUL

Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 188,700 trucks, 139,400 trailers and 43,700 towing devices. U-Haul is the third largest self-storage operator in North America with 1,004,000 rentable units and 86.8 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from the App Store or Google Play.

Contact: 

Yasmine Esparza
Jeff Lockridge
E-mail: publicrelations@uhaul.com
Phone: 602-263-6194
Website: uhaul.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/u-haul-of-hammond-plans-to-build-new-store-after-land-acquisition-302166601.html

SOURCE U-Haul

FAQ

What are the plans for U-Haul's new facility in Hammond?

U-Haul plans to build a three-story facility with 676 climate-controlled storage units, a modern retail showroom, and various moving services at 6303 Calumet Ave., Hammond.

When is the new U-Haul facility in Hammond expected to be completed?

The new U-Haul facility in Hammond is scheduled for completion by summer 2026.

Where is the new U-Haul facility in Hammond located?

The new U-Haul facility will be located at 6303 Calumet Ave., Hammond, Indiana.

What services will be available at the new U-Haul facility in Hammond?

The new U-Haul facility will offer truck and trailer sharing, U-Box portable storage, towing equipment, propane, boxes and moving supplies, and more.

How will the new U-Haul facility in Hammond benefit the community?

The new facility will provide expanded storage options, job growth through local hiring, and environmentally friendly initiatives.

What are the sustainability initiatives of U-Haul's new facility in Hammond?

U-Haul promotes sustainability through shared-use models, adaptive reuse, and programs like U-Box Load Share, which was awarded the 2023 Best in Biz gold for Most Environmentally Friendly Service.

What is the significance of the 2.7-acre property acquisition for U-Haul in Hammond?

The acquisition of the 2.7-acre property on May 26 allows U-Haul to expand its services and meet the growing needs of the Hammond community.

U-Haul Holding Company

NYSE:UHAL

UHAL Rankings

UHAL Latest News

UHAL Stock Data

12.93B
108.58M
60.9%
37.45%
0.78%
Rental & Leasing Services
Services-auto Rental & Leasing (no Drivers)
Link
United States of America
RENO