The company, which earned $5 billion last year, is moving from Glendale to Frisco, Texas
Public Storage, the world’s largest self-storage company, is leaving its Glendale home of more than 50 years and moving its corporate headquarters to Frisco, Texas. The company operates more than 250 million square feet at 3,500 locations in 40 states.
In-N-Out Burger has plans to split its management between Baldwin Park and Nashville, and the Lone Star state seems to have wooed away SpaceX and John Paul Mitchell hair products, which have also announced plans to leave L.A. Dallas-Fort Worth was recently ranked the fastest growing headquarters market in America, gaining 100 companies between 2018 and 2024, while L.A. lost 106.
Public Storage announced the deal to move into a newly constructed building in the Dallas suburb of Frisco at the same time as a stable of new leaders came on board. When current CEO Joe Russell retires next month, he will be replaced by current CFO Tom Boyle. “The opportunity ahead for Public Storage has never been stronger,” Boyle said in a press release. “This Company has a proven ability to outperform through cycles, deliver industry-leading margins driven by digital and AI advancement.” We’re going to guess that translates into less humans working for the company.
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