by Bruce Goldberg | Dec 8, 2023 | Development, News
Real estate investment firms NitNeil Partners of Atlanta, GA and Seamless Capital in Austin, TX are partnering on another joint venture. The new project will be inside an Opportunity Zone at 853 Airport Blvd., north of the Cesar Chavez area in East Austin, TX. The...
by Bruce Goldberg | Nov 15, 2023 | Acquisitions, News
Dallas, TX-based Rosewood Property Co. acquired three self-storage facilities in Vista, CA; Tempe, AZ and Las Vegas, NV. That brings the company’s total to 82 self-storage facilities nationwide. The Vista property, located at 1317 N. Melrose Drive, is a...
by Bruce Goldberg | Nov 15, 2023 | Development, News
SecureSpace Self Storage opened a new self-storage facility in Manhattan, NY, to be called SecureSpace Manhattan. The newly built facility is at 424 E. 90th St. and has 88,630 square feet of 100% climate-controlled space. SecureSpace is based in Redondo Beach, CA....
by Bruce Goldberg | Nov 8, 2023 | Development, News
Real estate developer Hunt Midwest is expanding its footprint in the Kansas City metro with a new 867-unit StorTropolis self-storage facility in Olathe, KS. The project, currently under construction at 601 N Millridge Street, will be the chain’s sixth and...
by Bruce Goldberg | Nov 8, 2023 | Acquisitions, News
Andover Properties, operator of the Storage King USA chain of self-storage facilities, has purchased Barefoot Mini Storage in Micco, FL for $6.85 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor. Nick Waller of CBRE said that they...
by Bruce Goldberg | Oct 31, 2023 | Development, News
A restaurant building that’s more than 70 years old and still operating might be demolished and replaced by a self-storage facility in Levittown, PA. SAFStor Old Lincoln LLC submitted plans to change Michael’s Restaurant and Lounge at 935 Old Lincoln Highway in Falls...
by Bruce Goldberg | Oct 21, 2023 | Development, News
Barone Management recently obtained $13.8 million in construction financing for the ground-up development of a storage facility in Syosset in New York’s Long Island. Completion is planned for November 2024. There will be two structures with a total of 1,025...
by Bruce Goldberg | Oct 11, 2023 | Acquisitions, News
Jeff Gorden of The Gorden Cos. represented the seller and arranged the $6.5 million sale of GuardAll Self Storage in Kingman, AZ. The property has 1.3 acres and 409 units. The facility was 96% occupied and had an annualized revenue of $509,800. Gorden is the Arizona...
by Bruce Goldberg | Oct 11, 2023 | Development, News
StorSafe Self Storage hopes to benefit the environment as it builds a 10,665-square-foot expansion to its facility in Michigan City, IN at 2600 S. Franklin St. The expansion will add 82 new climate-controlled storage units. The addition includes an onsite...
by Bruce Goldberg | Oct 5, 2023 | Acquisitions, News
Prime Group Holdings LLC, based in Saratoga Springs, NY, announced it purchased four self-storage properties that total approximately 362,000 rentable square feet spread across 3,540 units in Florida, New York and North Carolina. Four transactions were involved in the...
by Bruce Goldberg | Oct 5, 2023 | Development, News
Go Store It opened its newest facility at 1683 O’Neal Lane in Baton Rouge, LA. It has 86,680 square feet of space and more than 550 units. The company, based in Charlotte, NC, is an affiliate of Madison Capital Group and has more than 6.5 million square feet of...
by Bruce Goldberg | Sep 27, 2023 | Development, News
A former call center in Menasha, WI will be converted into a large self-storage facility with the addition of up to 600 units – which may be available by May 2024 – as well as more than 100,000 square feet of RV and boat storage parking. There also will be...
by Bruce Goldberg | Sep 21, 2023 | Acquisitions, News
Public Storage completed its previously announced purchase of Simply Self Storage from the Blackstone Real Estate Income Trust Inc. for $2.2 billion. There are 127 fully owned properties in the portfolio and 9 million NRSF across 18 states – in markets with population...
by Bruce Goldberg | Sep 20, 2023 | Development, News
Safeguard Self Storage acquired a property in the Howard Beach/JFK area, at 130-02 S. Conduit Ave. in Queens, NY. Developer Triangle Equities created an interesting product: A two-unit condominium, one of which has a self-storage feature (below). Joseph Berretta of...
by Bruce Goldberg | Sep 14, 2023 | Acquisitions, News
Warehouse Anywhere is now a standalone business following a deal between a group of former Life Storage employees and Extra Space Storage (NYSE: EXR). Extra Space sold the Warehouse Anywhere division of Life Storage to the new operators after acquiring the subsidiary...
by Bruce Goldberg | Sep 13, 2023 | Development, News
Garden Spot Communities is launching ELANCO Self Storage on Ranck Road in New Holland, PA. The facility will take up 10 acres of a 12-acre tract of land zoned as light industrial and is owned by Garden Spot Village, a retirement community that operates as a 501...
