by Bruce Goldberg | Apr 17, 2024 | Development, News
DXD Capital completed a 731-unit self-storage facility located in a Qualified Opportunity Zone in Daytona Beach, FL. The project has two single-store buildings with a total of 731 units totaling 63,650 NRSF at 2078 Old Kings Road. It will have 45 parking spaces for...
by Bruce Goldberg | Apr 10, 2024 | Development, News
Futura, in partnership with Linkvest Capital, completed Nona Cove Self Storage, a 90,000-rentable-square-foot-building in Orlando, FL. The four-story property is operated by Extra Space Storage Management. The facility also features 8,000 square feet of retail space...
by Bruce Goldberg | Apr 3, 2024 | Acquisitions, News
Houston-based Lakewood Realty Investments LLC purchased Spartan Storage, a facility in Montgomery, Texas. The property features 64 units and a total of 19,998 square feet. The facility is located 43 miles from downtown Houston. Lakewood was represented by Versal,...
by Bruce Goldberg | Apr 3, 2024 | News
Diamond Point Development LLC partnered with Castle Hill Investors LLC to open CubeSmart Self Storage at 95 Mill Plain Road, Danbury, CT. The site has 105,000 square feet (including 75,100 rentable square feet and 737 units), located across the street from Caraluzzi’s...
by Bruce Goldberg | Mar 28, 2024 | News
LSC Development LLC completed a seven-story, 112,188-NRSF self-storage facility at 46 Greenwich St. in Hempstead, NY on Long Island. The ground-up construction offers 1,382 fully climate-controlled units and two loading bays. It also has large drive-up contractor...
by Bruce Goldberg | Mar 20, 2024 | News
U-Haul purchased two former Freedom Self Storage properties in Pueblo, CO, with one at 469 E. Spalding Ave. in Pueblo West and 827 Village Circle in Pueblo. The former now is called U-Haul Moving & Storage of Pueblo West and the latter is U-Haul Moving and Storage...
by Bruce Goldberg | Mar 20, 2024 | Development, News
Dexter, MI may be getting its first self-storage facility inside city limits, comprised of 338 storage units plus three multi-tenant buildings. The city’s planning commission voted in favor of the project – called Superior Spaces – on March 4. Ryan Joss is owner...
by Bruce Goldberg | Mar 13, 2024 | Development, News
A proposal to convert a closed Regal Cinemas theater into a self-storage site and add a four-story apartment building, medical office and coffee shop will be heard on March 21 at the Branford (CT) Inland Wetlands & Watercourses Commission, which approved an...
by Bruce Goldberg | Mar 13, 2024 | Acquisitions, News
Andover Properties purchased Storage King USA on Dec. 5. The latter is located at 13397 Camino Real in Niederwald, TX. It has 68,400 square feet of drive-up storage and covered RV spaces. Andover plans to expand the facility by 100,000 square feet. Source: Community...
by Bruce Goldberg | Mar 11, 2024 | Industry Trends, News, People
Hearthfire Holdings has big plans for the self-storage property it recently purchased at 2817 N. Peoria Ave. in Tulsa, OK. The company, which owns 17 properties (plus two more under contract) in seven states, plans to nearly quadruple the Tulsa site’s size from the...
by Bruce Goldberg | Mar 5, 2024 | Development, News
U-Haul plans to open a second location on the northwest side of Kokomo, IN in a $10 million deal. The new facility will have around 700 units spread across about 40,000 square feet. The building’s total square footage is about 75,000; a retail store, rest rooms, a...
by Bruce Goldberg | Feb 27, 2024 | News
Chicago-based investment firm Heitman obtained a 1,378-unit self-storage facility in Brooklyn for $46.9 million, more than double the price paid for the same property in 2017. The deal closed days prior to a planned auction of the property, to which Heitman was...
by Bruce Goldberg | Feb 26, 2024 | Development, News
Hines announced it plans to deliver two new self-storage facilities this year in Texas. They are Custer Self-Storage in Frisco and Jupiter Self-Storage in Garland. The multilevel, climate-controlled facilities will expand Hines’ portfolio to 16 locations in the...
by Bruce Goldberg | Feb 21, 2024 | News
A Winston-Salem, NC group has purchased the former Inmar headquarters building off Coliseum Drive for $3.06 million, easing the way for the vacant office building to become a self-storage center with residential housing nearby. The property is at 2650 Pilgrim Court...
by Bruce Goldberg | Feb 21, 2024 | Acquisitions, News
W.P. Carey is selling 78-facilities to U-Haul affiliates for a total of $465 million. The publicly traded REIT had previously leased the sites to U-Haul for the last 20 years. The portfolio spanned 69 cities in 24 states. The proceeds will boost W.P. Carey’s...
by Bruce Goldberg | Feb 14, 2024 | Industry Trends, News, People
It’s been an impressive run for self-storage-centric 10 Federal. The Raleigh, NC-based company has raised a total of $16 million in Q4, its fourth such offering. Overall the company, which has properties in 10 states, has garnered more than $96 million since its first...
