The former Herald-Sun building in Durham, NC, will be converted into self-storage units and office space.
Durham-based Ticon Properties bought the former newspaper site at 2828 Pickett Road more than one year ago. The building is 27 years old. The newspaper moved to an office building near Northgate Mall in 2015.
Ticon plans to 70,000 square feet of self-storage units, plus 60,000 square feet of office space and 10,000 square feet of retail space. The renovations are expected to finish in 2018.
Jack McGhee owns Ticon and bought the building from Paxton Media Group for $3.25 million in July 2016. Brassfield Self Storage, which operates four other self-storage facilities in Durham, will manage the new one as well. Source: The Herald-Sun
McCauley Constructors broke ground to start building Momentum Fort Collins Self-Storage in Fort Collins, CO. The three-story, 100,000-square-foot property is at 1057 S. Buckingham St. and will have 779 units. The building is expected to open next summer. McCauley designed the project, and Galloway USA is the architect and engineering firm.
Source: Windsor Now!
Greenville, SC-based TD Self Storage plans to start construction on its first facility in November—a 100,000-square-foot site at the corner of Pelham and Boiling Springs roads in Eastside Greenville. Burgin added that the company is negotiating to buy six other sites: one in Greenville, two in Charleston, SC, two in Orlando, FL, and one in Austin, TX. It seeks to reach 100 facilities over the course of 10 years, starting in the Southeast and Texas, through development and acquisition. CubeSmart will manage TD’s facilities. Source: Upstate Business Journal
O&H Investments of Council Bluffs, IA has purchased a strip mall on S.E. 29th St. in Topeka, KS, and plans to transform a former Kmart there into self-storage units. Harbor Freight and Car Toyz Audio occupy leased space at the mall and will remain. O&H plans to renovate the mall and build 450 to 500 self-storage units where the Kmart stood at a cost of $3.1 million. O&H also owns Affordable Family Storage in Springfield, MO. The developer has asked for the formation of a community improvement district, or CID, of $955,000 to support the renovations. The Topeka City Council will take up the request at its Sept. 5 meeting. Source: Topeka Capital-Journal
The Montgomery Development Group plans to build a storage facility on a three-acre parcel on East Main Street that formerly was zoned for single-family residential use, thanks to rezoning approval from the Spartanburg, SC, City Council. The site has been rezoned for general business. Warehouses already on the property will become part of the multi-building facility. There are plans to build four or five one-story structures as well. Source: GoUpstate
Lighthouse Self Storage opened a new facility in Carson City, CA. The property is at 21640 S. Wilmington Ave. It was converted from industrial use into 695 storage units and 30 vehicle-storage spaces. Lighthouse operates 17 self-storage sites in California and Florida. Progressive Realty Partners, which oversees all Lighthouse facilities, will manage the new site. An opening event will be held Sept. 13. Nationwide, Lighthouse has developed and managed more than 100 storage properties, with more than 1.4 million square feet of storage space in 10,000 units. It operates facilities under the Lighthouse and Storage Outlet names. Source: Inside Self-Storage