by Bruce Goldberg | Jul 6, 2023 | Development, News
Red Oak Capital Holdings LLC of Grand Rapids, MI provided $5.5 million in capital for the purchase and conversion of a vacant Kmart store at 360 W. National Road in Englewood, OH. The bridge loan will enable the borrower, United Storage 360 LLC, to buy the property...
by Bruce Goldberg | Jun 29, 2023 | Development, News
The town board voted all in favor to approve a conditional use permit for two 24/7 Menards self-storage facilities on June 22 in Sheboygan, WI. The project is along Vanguard Drive and is based on conditions that were presented in the Plan Commission recommendation....
by Bruce Goldberg | Jun 21, 2023 | Development, News
Inland Private Capital Corp. and Devon Self Storage Holdings announced the delivery of a 799-unit self-storage property in Macon, GA, and a 777-unit property in Kenosha, WI (pictured below). These openings were the fifth and sixth self-storage redevelopment deliveries...
by Bruce Goldberg | Jun 15, 2023 | Acquisitions, News
Compass Self Storage purchased a self-storage center at 25528 Aldine Westfield Road in Spring, TX. Charles LeClaire and Dave Knobler from The LeClair Group of Marcus & Millichap brokered the transaction. It marks Compass’ first location in the Houston market....
by Bruce Goldberg | Jun 15, 2023 | Development, News
Weatogue, CT-based Bulwark LLC has proposed a 79,200-square-foot facility at 8120 and 8122 Colt Highway in Farmington, CT, aka Route 6. Matthew Morris of Simsbury, CT, applied for a special permit that would enable him to build a four-story building on two parcels...
by Bruce Goldberg | Jun 7, 2023 | Development, News
ICM Asset Management and Meckelborg Financial Group Ltd. have launched the ICM Bluebird Canadian Self Storage Fund. Bluebird Self Storage and StoreWest will be the asset managers. The fund will focus on consolidating and developing mainly Class A assets in Canada’s...
by Bruce Goldberg | Jun 7, 2023 | Acquisitions, News
Utah’s largest self-storage facility has traded hands. Storage General Cedar, located in Cedar City, spans more than 456,758 square feet and has 2,133 units. The LeClaire-Schlosser Group of Marcus & Millichap arranged the sale, representing both buyer and seller....
by Bruce Goldberg | Jun 1, 2023 | Development, News
EagleBridge Capital of Boston, MA arranged a construction/permanent mortgage financing of $22 million to pay for a new self-storage facility under construction in Redding, CT. Brian Walsh, EagleBridge senior director, arranged the transaction. The name of the...
by Bruce Goldberg | Jun 1, 2023 | Acquisitions, News
Rosewood Property Co. bought a new self-storage facility at 770 N. Kolb Road in Tucson, AZ. It’s the company’s 78th facility nationwide and first in Arizona, and was built at the former home of the Gateway Century 12-movie theater. The facility has 66,429 square feet...
by Bruce Goldberg | May 24, 2023 | Development, News
Denver, CO-based VanWest Partners purchased an undeveloped lot in the Baker neighborhood and plans to put up a self-storage facility there after buying the 39 S. Kalamath St. and 10 S. Lipan St. parcels from Glendale, CO-based Westside Investment Partners. The site is...
by Bruce Goldberg | May 17, 2023 | Development, News
A shuttered elementary school that is more than a century old will soon find new life as a self-storage facility. The Erie Zoning Hearing Board unanimously approved a variance to allow a self-storage facility to operate at the Irving School, 2310 Plum St., east of...
by Bruce Goldberg | May 17, 2023 | Acquisitions, News
Irvine, CA-based Gantry secured $40 million in acquisition financing for four purchases of self-storage facilities in Tennessee and Florida that total 286,000 rentable square feet. The properties include three Storelocal Self Storage properties in Franklin and Spring...
by Bruce Goldberg | May 11, 2023 | Development, News
Gateway Ice Center, the last permanent indoor ice rink in California’s Central Valley, may be converted into a self-story facility. San Francisco-based Baco Properties has proposed to convert the Fresno-based facility into storage, expanding its existing facility next...
by Bruce Goldberg | May 11, 2023 | Acquisitions, News
Wentworth Property Co. purchased a three-property self-storage portfolio that has 1,912 units in the Atlanta, GA MSA for $43.5 million. CBRE’s Self Storage Advisory Group represented the seller, a private investor that operated facilities under the name Gwinnett Self...
by Bruce Goldberg | May 3, 2023 | Development, News
Five Star Storage finished building a new facility in Rochester, MN, its 34th location overall and second one in that city. It has 500-plus units and about 72,000 rentable square feet. There are oversized units for RVs, boats and trailers. The two-story...
by Bruce Goldberg | Apr 25, 2023 | Development, News
In Florida, the Cape Coral City Council has imposed a nine-month moratorium on accepting applications and giving permits for self-storage facilities, claiming the city has too many. Storage units take up 11% of commercial space in Cape Coral, and city leaders want to...
