There’s not enough room in town for the two of us: A petition filed by Bruno Hanney, owner of Bruno’s Self-Storage, to prevent another self-storage developer from pursuing a project less than 1 mile away, was rejected by the board of zoning appeals in Grafton, WI.
RJ Investments plans to build a competing facility at 1927 County Road W.; Hanney is building one at 1927 County Road W.
At a hearing on the petition, Hanney is quoted by GM Today stating: “We were just about to start construction, (and) I find out through the paper … the town just approved another storage facility a few hundred yards from me.”
Source: GM Today
Tulfra Real Estate of Rochelle Park, NJ, plans to build a 125,000-square-foot storage facility after buying a 6.5-acre property at 10 Kingsland St. in Nutley, NJ. Tulfra is a real estate management and development company. The property has been vacant for more than 10 years. More than 250,000 people live within 3 miles of the site. Source: Inside Self-Storage
Burke Street Self Storage is coming to Nashua, NH, with plans to put up eight new buildings and renovate an existing one at 131 Burke St., former home of the Improved Paper Machinery Company. The new buildings will have a combined 40,000 square feet of new storage, and the renovated building will have 53,000 square feet for storage, warehousing and office space. Machine reseller Lewis and Clark will remain on the site. Source: Union Leader
Jernigan Capital has made a $14.66 million construction loan to an entity of Express Building Systems to put up a five-story, 86,337-square-foot facility with 1,139 self-storage units in North Gables, FL. Express bought a 2.3-acre lot at 4250 Southwest 8 St. for $4.9 million. CubeSmart will manage the facility. Source: South Florida Real Estate News
A self-storage facility, retail store and gas station will be replacing a former farming complex at 1585 N. McCarthy Blvd. in Milpitas, CA. A planning commission granted approval to Los Gatos, CA-based McCarthy Ranch LP to develop the 9.34-acre parcel for mixed use. The self-storage facility will have 826 units in 188,011 square feet. Source: Mercury News
Miller-Valentine Group and Coldwell Banker Commercial Atlantic are developing two self-storage facilities in South Carolina. The first is Persimmon Hill, a three-story, 90,000-square-foot facility in Goose Creek. Much of the first-floor work is finished. The opening is planned for Q1 2018. The second one is a three-story, 90,000-square-foot site in North Charleston, which is in its early stages. Completion is planned for Q3 2018. Source: Miller-Valentine Group
The Lockup bought the Graymills building at 3705 N. Lincoln Ave. in the North Center area of Chicago, IL., for $7.35 million. After 70-plus years in Chicago, Graymills, which makes industrial pumps and inking systems, left for the suburbs in 2016. CTA Brown Line tracks separate the two buildings. The Lockup runs storage sites in eight states. Source: dnainfo
Statler Boulevard Self-Storage, which will have 500 units, is under construction near Statler Boulevard and Kroger in Staunton, VA. It’s expected to open in January. Source: News Leader
Extra Space Storage Inc. is managing Hawaii’s first new storage facility to open since 2008, a 53,000-square-foot facility at 94-130 Leokane St. in Waipahu, on the island of Oahu. It has 650 units. Self-storage developer M4 Management Inc., which is based in Beverly Hills, CA, did the renovation of the former office/warehouse building. Stephen Grossman of Self Storage Investment Services Inc., in Laguna Beach, CA, represented M4 Management in the purchase. Read more here.
StorageMart opened its 18th location in Iowa with a 57,810-square-foot, 439-unit facility in Waukee. It’s located at 225 N.E. Venture Drive. Overall, StorageMart operates more than 190 self-storage sites in Canada, the United Kingdom and the United States, with a combined 12 million-plus square feet of storage.
West Coast Self-Storage has opened a new storage facility at 12399 Northup Way in Bellevue, WA. It’s located off I-405 at Northup Avenue and 124th Avenue.