Public Storage, the largest self-storage landlord in the United States, has announced it will move its corporate headquarters from Glendale, California to Frisco, Texas. The relocation reinforces North Texas’ growing reputation as a destination for major companies seeking new headquarters.
The company will take up 119,000 square feet at 2811 Internet Boulevard in Hall Park, a development by Craig Hall. Despite the move, Public Storage stated it will maintain a long-term presence in Glendale, where it has been based since its founding in 1972. The company cited North Texas’ “depth of talent and innovation” as key reasons for the decision.
Frisco has become a prominent location for corporate relocations within the Dallas-Fort Worth area. According to Visual Capitalist, the Dallas-Fort Worth metro was the fastest-growing headquarters market in the country between 2018 and 2024. In recent years, Frisco has attracted firms such as Ruiz Foods, PGA of America, TIAA, and Brightline Dealer Advisors.
The move is part of what Public Storage calls “PS4.0,” marking a new era of leadership for the company. Tom Boyle, currently Chief Financial and Investment Officer, will succeed CEO Joe Russell after his retirement on March 31. Russell will remain with Public Storage as a consultant for an additional year.
Other leadership changes include Joe Fisher from UDR REIT joining as president and CFO; Natalia Johnson being promoted to chief digital and transformation officer; Chris Sambar taking on the role of chief operating officer; and Ayash Basu from Boston Consulting Group becoming chief marketing and revenue officer.
Central to this new phase is “PS Next,” described by Public Storage as “a digital-first operating platform designed to streamline leasing and improve customer acquisition — a nod to the increasingly tech-driven nature of even the most utilitarian real estate sectors.”
Public Storage currently owns or operates more than 3,500 facilities across the country and has invested over $12 billion in capital over the past five years.
