SurePoint Self Storage, a regional self-storage operator based in San Antonio, is under contract to buy nearly 3.3 acres in the Houston area for a self-storage facility.
The company expects to start building the three-story, 110,000-square-foot facility in late 2014. The site is on Spring Cypress Road in Cypress, TX, a suburb of Houston. SurePoint principals Brian Cisarik, Robert Loeb and Jeff Bailey have teamed up with Bobby Grover, principal of Big Tex Storage, on this project.
The purchase price for the land wasn’t available.
SurePoint already has two projects under construction in San Antonio, totaling 223,000 square feet. Those facilities are expected to open in 2015. A third development in San Antonio is scheduled to get going before year’s end.
The Lock Up Self Storage
The Lock Up Self Storage has completed construction of a facility in Wheaton, IL.
The 58,000-square-foot facility, at 2230 N. Main St., has 680 storage units. It’s the company’s 14th location in Illinois. In all, The Lock Up operates 30 facilities in eight states.
Self-storage developer JSM Venture gained approval to build a 66,000-square-foot facility in its hometown of Northfield, IL, despite opposition from neighbors and a competing self-storage business.
Principal John Mengel returned to the Northfield Village Board after a previous proposal was rejected in June. The Chicago Tribune reported that Mengel made various lighting, landscaping and architectural changes to the project to address concerns raised by village officials. The special-use permit was approved on a 4-3 vote.
Uncle Bob’s will manage the facility, which will be at 275 Northfield Road, according to the Tribune. Mengel also developed the new Uncle Bob’s at 1625 S. Ashland Ave. in Chicago, which parent company Sovran Self Storage bought in May.
Principals of The Lock Up Self Storage opposed the facility; the company operates a facility about a mile from where the JSM location will be. The Lock Up said it opposed the project because JSM was not subject to the same strict conditions that were place when The Lock Up developed its facility in 1995.
The publication reported that SSG signed a long-term ground lease with the owner of the property, which is at 10-24 Providence Highway. SSG previously sold facilities it developed to Public Storage and Extra Space Storage.
Sandy Springs, GA-based Homeland Self Storage is building a three-story, 85,805-square-foot facility in Jacksonville, FL.
PAR Builders II Inc. is the contractor for the project, which has an estimated cost of $3 million, according to the Financial News & Daily Record. The facility will be at 100 Girvin Road.
In 2011, Homeland principal Bruce Weiner sold the company’s portfolio of 12 facilities to self-storage REIT Strategic Storage Trust for $80 million.
Rhode Island project
Real estate developer Tariq Khalil is planning a self-storage project in Cumberland, RI, that calls for construction of 13 buildings and conversion of an existing 41,000-square-foot building.
The 1950s-era building at 230 Dexter St. was home to American Steel and Aluminum until last year. The Valley Breeze reported that Khalil is assembling a number of parcels for the project, some of which would need to be rezoned.
A-1 Self Storage
A-1 Self Storage, a chain operated by San Diego-based commercial development firm the Caster Companies, has completed a 72,000-square-foot facility in San Juan Capistrano, CA. The facility, at 33000 Valle Road, has 494 units.
English immigrant John “Don Juan” Forster once owned the land where the storage facility now stands. Forster began acquiring land in California in the 1840s and became one of the biggest landowners of that era. He allied with U.S. forces during the Mexican-American War to help secure the California territory.
The facility held a grand opening in August. It’s the 43rd location for A-1 Self Storage.
A Minnesota self-storage operator has submitted plans to convert a former brewery warehouse into a 67,000-square-foot self-storage facility in St. Paul, MN.
The company, Premier Storage, operates one storage facility in Minneapolis.
Premier Storage is under contract to buy the former Schmidt Brewery warehouse, at 543 James Ave., for an undisclosed amount, according to the Minneapolis/St. Paul Business Journal. Last year, the owner sold a larger brewery building adjacent to the warehouse to an apartment developer. Those apartments opened this summer, the Business Journal reported.
Earlier this year, Premier Storage sold seven Minnesota facilities to real estate fund Pegasus Group for $41.5 million.