CubeSmart recently purchased the 71,872-square-foot Ballantyne Storage of Charlotte facility at 16155 Lancaster Highway for $10.6 million. The property was sold by Arey Holdings LLC.
The facility occupies a 2.36 acre parcel and was built in 2008.
Irvine, CA-based Westport Properties purchased a portfolio of four facilities in Texas from RHW Capital Management Group, operator of Store Here. Woodbridge Capital Partners was a joint venture partner with RHW Capital. Purchase price was not provided.
The facilities include a total of 2,162 units and are located as follows:
- 201 West Stassney Lane in Austin, TX
- 1816 Shady Oaks Drive in Denton, TX
- 4772 Golden Triangle Boulevard in Fort Worth, TX
- 700 Indian Trail in Harker Heights, TX
Westport operates facilities under the name US Storage Centers.
Barbara Guffey, Richard Schnontz and Matthew Weckesser of HFF represented the seller.
“The acquisition of the Store Here portfolio provided Westport Properties with the scale and geographic diversification among some of the highest-growth areas in the state,” Guffey said. “The quality of the facilities are a complement to Westport’s ever-growing national platform.”
Metro Self Storage purchased an eight property portfolio of self-storage facilities in the Knoxville Metro Area. The 415,616-square-foot facility was sold by Storage Pros Management. Aaron Swerdlin and Kenneth Cox of The NGKF Self Storage Group represented the seller. Purchase price was not provided.
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