Self-storage REIT Public Storage announced it will relocate its corporate headquarters to the Dallas-area city of Frisco from Glendale. The company has been headquartered in Southern California since its founding in 1972.
In a release, Public Storage said it will benefit from the “depth of talent and innovation” in North Texas, and it plans to maintain a long-term presence in Glendale. The relocation is part of PS4.0, which Public Storage described as “a generational leadership transition and strategic vision.”
Natalia Johnson, president and chief digital and transformation officer for Public Storage, told the Dallas Business Journal that the company has nearly doubled its corporate presence in Texas to support its growth.
“The opportunity ahead for Public Storage has never been stronger,” said CFO and CIO Tom Boyle, who will become CEO effective April 1. “This company has a proven ability to outperform through cycles, deliver industry-leading margins driven by digital and AI advancement, and scale accretively in a fragmented landscape.”
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