DXD Capital opens 898-unit storage facility in Knoxville
DXD Capital and Olympus Ventures have opened a new 112,000-square-foot, climate-controlled self-storage facility in Knoxville, Tennessee. The project adds 898 units and expands DXD Capital’s leasing portfolio to 28 properties.
Why it matters: - The Knoxville project adds new climate-controlled storage capacity in a market with growing demand from University of Tennessee students and long-term residents. - The facility expands DXD Capital’s leasing portfolio to 28 facilities. - The development is part of DXD Capital’s push for institutional-quality storage assets in high-demand urban markets.
What happened: - DXD Capital and Olympus Ventures opened a new self-storage facility at 3737 Middlebrook Pike in Knoxville, Tennessee. - The grand opening was announced Aug. 18, 2026. - Extra Space Storage will operate the property. - The facility includes 898 climate-controlled units across four stories.
The details: - The building totals 112,000 square feet. - The site covers about 2.5 acres. - The property includes two levels of drive-up loading. - The sloped site made the dual drive-up loading design possible. - General contractor JM Williams broke ground in May 2025. - JM Williams delivered the completed building in time for leasing to begin in late July 2026. - SAA Architects designed the structure. - The location along Middlebrook Pike is positioned to serve the surrounding market.
Between the lines: - The Knoxville opening strengthens DXD Capital’s footprint in self storage development and investment. - The project shows continued investor focus on urban storage markets where land constraints and demand can support new development. - Scott Hughes, managing director of construction at DXD Capital, said the team held the line on quality throughout the project.
What's next: - Leasing is already underway after a late-July 2026 start. - DXD Capital is likely to keep targeting markets with strong demand-supply imbalances and barriers to entry. - Olympus Ventures remains involved through its family office and private investment role tied to Richard M. Schulze.
The bottom line: - Knoxville now has a new Class A, climate-controlled storage option, and DXD Capital has another property added to its growing portfolio.
Disclaimer: This article was produced by AGP Wire with the assistance of artificial intelligence based on original source content and has been refined to improve clarity, structure, and readability. This content is provided on an “as is” basis. While care has been taken in its preparation, it may contain inaccuracies or omissions, and readers should consult the original source and independently verify key information where appropriate. This content is for informational purposes only and does not constitute legal, financial, investment, or other professional advice.
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