U-Haul Moving & Storage Acquires Land In Urbandale, Iowa For New Store; Scheduled For Completion In 2026. U-Haul Acquired The Property On Jan. 19
Portfolio Pulse from Benzinga Newsdesk
U-Haul has acquired 4.46 acres of land in Urbandale, Iowa, for a new retail, moving, and self-storage facility, scheduled to open in 2026. The facility will feature over 700 indoor storage rooms, a warehouse for portable moving containers, and a range of services including truck rentals, towing equipment, and professional hitch installation. U-Haul plans to hire 10 local team members for the store, emphasizing its commitment to supporting the Urbandale community and veterans.
February 23, 2024 | 6:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
U-Haul's acquisition of land in Urbandale for a new facility indicates expansion and investment in services, likely to enhance its market presence and service offerings.
The acquisition and development of a new facility in a growing community like Urbandale demonstrate U-Haul's strategic expansion efforts. This move is likely to positively impact U-Haul's stock in the short term by enhancing its service offerings and market presence. The commitment to hiring locally and supporting veterans further strengthens U-Haul's corporate responsibility profile, potentially boosting investor sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90