Advantage Self Storage of Louisville, CO, already has 11 locations in Colorado, Maryland, New York and Massachusetts.
Now, as part of its new business partnership with Farrell Storage of Bridgehampton, NY, it’s opened a 112,000-square-foot self-storage facility at 1184 SR 112 in Port Jefferson Station, in the town of Medford on New York’s Long Island. The facility offers 850 units.
“Advantage is doing all the ground work, such as construction and management,” said Jeffrey Kinder, president of Advantage. “Farrell is the capital partner, the asset manager for a group of properties we’re doing together.”
The two companies are developing other locations in Arvada, CO, and Port St. Lucie, FL. Its two facilities in the latter city will have a combined 1,550 units.
The companies also have sites in Florida, Colorado and the Northeast for possible development. Joe Farrell, who owns Farrell Building Co., started Farrell Storage.
“He has a very successful homebuilding business and real estate portfolio,” Kinder said. “For Advantage … it’s an opportunity for us to expand our footprint a little farther and faster than we were able to do on our own.”
In San Antonio, The Keep Storage is putting up a 77,000-square-foot self-storage facility that will have 500 units totaling more than 55,000 square feet. The site is located south of Thousand Oaks Drive and Henderson Pass. Construction is scheduled for completion in May 2018. The Keep Storage is operated by Casey Development Ltd. Source: ReBusiness Online
U-Haul is renovating a 201,515-square-foot commercial office building building at 6805 Corporate Drive in Colorado Springs, CO. The finished facility will have more than 400 self-storage units. U-Haul estimates that its sustainability practices will prevent 597 tons of metal manufacturing and transportation from being used, keeps 6,020 tons of construction and demolition debris out of landfills. Source: Stockhouse
U-Haul is also building a new indoor climate-controlled storage building on a site next to its longtime location at 1090 Sagamore Parkway W. in West Lafayette, IN, near Purdue University. The company bought an existing A+ Storage facility abutting its truck rental location in May, that facility consists of outdoor, drive up units. Combined with the new building, the facility will offer a total of 41,400 square feet of storage across 600 units. Source: PR Newswire
An industrial warehouse at 5216 Walnut Grove Avenue in San Gabriel, CA, which will be converted into a 700-plus-unit self-storage facility, has been purchased. Stephen Grossman of Self Storage Investment Services Inc. represented the Los Angeles-based buyer. The facility’s target markets are San Gabriel, Alhambra, San Marino and Temple City.
All Storage recently purchased a fully entitled 6-acre site located on Highway 287 at Blue Mound Rd in Fort Worth, TX. The DFW-based owner/operator plans to build a 200,000-square-foot facility comprised of two separate multistory buildings. The site is part of Revelstoke Plaza in the Blue Mound Crossing, a mixed-use developed by Hanover Property Company, which sold the site to All Storage. This is the seventh land acquisition for development for All Storage this calendar year.
A 5.40-acre parcel in Arlington, TX, has been purchased as a self-storage development site by an unidentified buyer. The site’s development plan calls for a 122,000-square-foot multistory building. Jared Jones, of Porthaven Partners in Tulsa, OK, represented the buyer.
U-Haul plans to build approximately 1,300 self-storage rooms and 85 units for RVs, boats and vehicles on a five-acre parcel at 10681 W. Loop 1604 N in San Antonio, TX. It plans to build a four-story, 78,080-square-foot self-storage facility plus a 3,935-square-foot U-Box warehouse.
Vertical Fields Capital LLC of Washington, DC, teamed up with Macritchie Storage LLC to purchase a warehouse at 265 Hayward Ave. in Rochester, NY, which it will convert into a self-storage facility. Storage Asset Management will manage the approximately 63,800-square-foot site, to be called Rochester Self Storage.
A 46,000-square-foot, two-story self-storage facility is coming to Cumming, GA. Boardwalk Development Group LLC purchased Smallwood’s Home & Garden Center at 2168 Canton Highway and plans to convert the property into self-storage.
West Coast Self-Storage has opened two new facilities in Washington state. The company recently opened one in Shoreline, and it has 696 units and 64,780 square feet of storage space. It’s located near Sheridan Beach at 14535 Bothell Way N.E. Earlier, the company opened a facility in Auburn, with 733 units and 69,800 square feet of storage space. Source: Inside Self-Storage
Stop N Stor Self Storage, 96 Veteran Memorial Parkway, has opened in Savannah, GA. The facility has 600 units, enclosed and covered RV and boat parking, moving and packing supplies, and a 24/7 kiosk. Source: Savannah Now
Four longtime friends and business partners have opened Mountain Shadows Storage, 8320 20th St., in Greeley, CO. It has 500 units and will hold a grand opening in September. It’s the first two-story storage facility in the city, and includes RV and boat parking, plus a RV dump station. Rob Staley, Nick Francis, Dale Boehner and Terry Wiedeman are the partners. They’re already anticipating the need for another storage facility in Greeley and have purchased a site off 71st Avenue north of 10th street for when the time is right for expansion. Source: Greeley Tribune
US Storage Centers, of Miami, FL, has completed building a five-story, 931-unit self-storage facility at 15555 W. Dixie Highway in North Miami Beach, FL. It’s the company’s sixth facility in the Miami area, and it’s developing two more sites there, with completion planned for the fourth quarter of 2017.