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Hugo Storage Units Contribute to 13% Company Growth in Minnesota The first Public Storage opened in Hugo, Minnesota, today at Public Storage 13465 Fenway Blvd. Circle North, Hugo, MN 55038. (Photo: Business Wire) July 24, 2019 01:46 PM Eastem Daylight Time GLENDALE, Calif.—(BUSINESS wiRE)—Public Storage's (NYSE:PSA) first units in the popular suburb of Hugo, Minnesota, opened here today, contributing to a company growth spurt in the state of 13% within the last year. The newly purchased location is the company's first in Hugo, a commuter town northeast of Minneapolis. It is one of seven new storage facilities the company has opened in Minnesota since August 2018 to serve an increasing need. Public Storage now operates 55 properties statewide. 'The population is growing over 1% per year, and there is limited competition," said Erik Svensson, a Public Storage vice president. Public Storage 13465 Fenwav Blvd. Circle North, Hugo, MN 55038 has more than 400 storage units on site. Many are outdoors, for convenient drive -up loading and unloading. There are also climate controlled storage options. The location is visible from Forest Boulevard, aka Highway 61, and is about 20 miles northeast of St. Paul. It has appealing grey stone accents and, like all Public Storage properties, a store selling boxes, tape, mattress covers and other supplies. This Public Storage acquisition comes at a time of economic growth in the Twin Cities area, with a 6% increase in home values over the last year and a median home price per square foot that is still 15% less than in St. Paul, according to data from Zillow.