by Bruce Goldberg | Aug 28, 2024 | Development, News
SecureSpace Self Storage opened a new facility, SecureSpace Kapolei, located in and serving the Honolulu suburb of Kapolei on Kapolei Kai Street on the island of Oahu, HI. It is the operator’s third location in the Aloha State. The facility offers 105,050 square...
by Bruce Goldberg | Aug 21, 2024 | Development, News
JLL secured refinancing for Storage King USA – Fort Myers Highway 80, which is a 633-unit facility in Florida. The JLL Capital Markets Self-Storage team represented Andover Properties to arrange a five-year loan from Choice Bank. The money will refinance the existing...
by Bruce Goldberg | Aug 21, 2024 | Acquisitions, News
Chicago-based Harrison Street, an alternative real estate manager, purchased $200 million in 19 properties in Florida, Georgia, Alabama, North Carolina and South Carolina. The off-market purchase was comprised of more than 12,000 units and 1.4 million square feet of...
by Bruce Goldberg | Aug 14, 2024 | Acquisitions, News
Go Store It Self Storage, an affiliate of Madison Capital Group, purchased a 54,565-square-foot facility at 500 Scarboro Lane in Oak Ridge, TN, its 97th location. Go Store It sits on 4 acres and has 515 storage units, and is 91 percent leased. Source: Go Store It J....
by Bruce Goldberg | Aug 14, 2024 | Development, News
NitNeil announced a new self-storage project, located at 13315 Citrus Park Lane in the Citrus Park neighborhood of Tampa Bay, FL. This project is a joint venture with Alliant Partners Development. Plans include a four-story, 103,000 square-foot facility featuring 723...
by Bruce Goldberg | Aug 7, 2024 | Development, News
U-Haul has repurposed a 7.8-acre lot formerly home to a Chase bank and Tops Friendly Market grocery store in Warren, OH, about 50 miles southeast of Cleveland. The new location at 3394 Elm Road is currently serving customers out of a temporary retail showroom and is...
by Bruce Goldberg | Aug 7, 2024 | Acquisitions, News
Silver Star REIT wrapped up its fourth self-storage property acquisition, a 907-unit, 81,370-square-foot space in Delray Beach, FL. The facility was purchased from an unrelated third party for $26.5 million and it was part of a 1031 exchange. The seller was a joint...
by Bruce Goldberg | Jul 31, 2024 | Development
A long delayed ground-up self-storage project in Worcester, MA is back on after the developer obtained a $13.3 million construction loan. Upon completion, the four story facility will offer 931 self-storage units comprising 93,336 rentable square feet at 80 Barber...
by Bruce Goldberg | Jul 24, 2024 | Acquisitions
Michigan-based Pogoda Companies purchased Northside Mini Storage in Evansville, IN. This newly acquired property has almost 30,000 square feet of rentable space in a combination of climate-controlled, drive-up, and vehicle parking spaces encompassing 243 units. This...
by Bruce Goldberg | Jul 17, 2024 | Acquisitions
Merit Hill Capital acquired a handful of new properties, on opposite coasts. To the west, Merit Hill purchased two properties in the San Francisco Bay Area: Cal Self Storage at 26869 Mission Blvd. in Hayward and San Pablo Mini Storage at 5310 Riverside Ave. in San...
by Bruce Goldberg | Jul 17, 2024 | Development
Compass Self Storage, a member of the Amsdell family of companies, opened a new storage center at 1685 Highway 17 in Eagle Lake, FL. The location has more than 95,800 NRSF. The facility offers climate-controlled units, as well as boat and RV-covered parking storage....
by Bruce Goldberg | Jul 10, 2024 | Development, News
Los Angeles has given approval to Trojan Storage, based in Redondo Beach, CA, to build a 193,000-square-foot development that would include more than 163,000 of storage space, ground-floor offices and art studios, plus a 25-unit complex. The new complex would replace...
by Bruce Goldberg | Jul 10, 2024 | Acquisitions, News
Prime Storage Group purchased a self-storage facility at 8145 Connector Drive in Florence, KY. The CubeSmart-branded facility has 62,873 square feet of rentable space and 624 units. The deal marks the operator’s 10th transaction in Kentucky. The Storage...
by Bruce Goldberg | Jun 26, 2024 | Development, News
Plans to convert the former Sears store at The Mall at Greece Ridge in Rochester, NY into a self-storage center are moving ahead. GRC LLC, an affiliate of mall owner Wilmorite Management Group LLC, closed the sale of the former Sears retail site to entities connected...
by Bruce Goldberg | Jun 26, 2024 | Acquisitions, News
All City Self Storage at 296 Walmart Drive in Soddy Daisy, TN, sold for $6.4 million. It sits on 23.75 acres. TNU3519SY LP bought the property from Charisma Storage LLC. Source: Chattanoogan.com A joint venture involving Metro Self Storage and Fremont Realty Capital...
by Bruce Goldberg | Jun 19, 2024 | Development, News
The Bahlmann Capital Group proposes to convert the space previously occupied by Dick’s Sporting Goods, Ulta, DSW and Best Buy at the Ithaca Mall into a climate-controlled, self-service storage facility. Boston-based Bahlmann specializes in self-storage, building both...
