Las Vegas, NV-based Store Space Self Storage plans to buy a former Kmart site at 2715 Madison Ave., Indianapolis, IN, and convert it to a self-storage site with about 112,000 square feet. It will subdivide the former Kmart, creating two parcels along Madison Avenue to sell to retail stores.
Also, the company is working on another Indianapolis facility, a 1950s-era warehouse/office building at 1426 W. 29th St. between East Riverside Drive and North Harding St.
Source: Indianapolis Business Journal
Planned
The Jenkins Organization has bought land in southeast Austin, TX, where it will build a self-storage facility of 238,000 square feet and 1,090 units. It’s scheduled to open in November 2019. The Jenkins Organization, based in Houston, TX, this year has seven new development projects, three new-acquisitions properties and is expanding five facilities. Source: The Jenkins Organization
Go Store It, based in Charlotte, NC, plans to break ground this year on two self-storage developments in Louisville, KY. Together, the facilities would have more than 1,000 units and 125,000 square feet. Go Store It has 10 storage facilities under construction in the Southeast, and is an affiliate of Madison Capital Group LLC. Source: WWSB-TV
A property owner has applied to convert a vacant 3.21-acre lot into a six-building, 115,131-square-foot self-storage facility in Vancouver, WA. It’s located near the northeast corner of West Fourth Plain Boulevard and Lincoln Avenue. Four of the buildings would be one story and the other two would be two stories. The property owner is CP BDP Vancouver LLC, of Greenscape Development Partners. Source: The Columbian
Under construction
The Rosewood Property Co. of Dallas, TX, is building its first project in the Portland, OR, area. It’s a multistory, 83,375-square-foot, 850-unit property at the intersection of SW 68th Parkway and Highway 99W in Tigard, OR. Extra Space Storage will manage the facility. Rosewood owns 43 self-storage operations in 11 states, totaling more than 3.25 million square feet and about 26,500 units. Source: Rosewood Property Co.
U-Haul is building a self-storage facility in the Westside area of Albuquerque, NM, near Coors and Interstate 40. It will have about 1,000 units.
Also in Westside:
- New Mexico-based Guardian Storage is building a self-storage site near the intersection of Coors Boulevard NW and La Orilla Road NW, with 75,000 square feet.
- Titan Development of Albuquerque plans to build a storage facility at Unser Boulevard and Ladera Drive, and have 107,000 square feet and 790 units spread among three buildings.
- Titan also plans to put up storage sites in Rio Rancho and Santa Fe, NM. Extra Space Storage will operate both facilities.
Source: Albuquerque Business First
Completed
Big Tex Self Storage of Houston, TX, opened a new self-storage facility as part of the renovated Ella Plaza at 3480 Ella Blvd., Garden Oaks, TX. Big Tex Storage Garden Oaks has 100,000 square feet and 612 units, and markets to residents of Garden Oaks, Oak Forest, Independence Heights and The Heights. Source: Benzinga
East Penn Self Storage has opened its 12th facility, this one at 100 Arrowhead Court, just off Route 222, in Maxatawny Township, PA. It’s in the Arrowhead Industrial Park. The company also is seeking approval to build another storage facility at 3176 Route 100 in Orefield. Source: The Morning Call
A U-Haul Moving & Storage store at 231 Mundy St. in Wilkes-Barre Township, PA, has reopened after a tornado destroyed it on June 13. Current amenities include self-storage units. The business said it will continue to build “more permanent” structures to replace those the tornado destroyed. Source: The Citizens’ Voice
Boardwalk Storage Fund II, based in Atlanta, GA, has purchased two metro Atlanta properties. The first is Boardwalk Storage-Grant Road in Dawsonville, GA, which has 4 acres for self-storage (139 units), boat and RV parking (49) plus 7,150 square feet of retail and office space. The second is Boardwalk Storage-Crossroads, in Cumming, GA, which has 5 acres of self-storage (84), boat and RV parking (17), plus 25,000 square feet of self-storage and 12,000 sf of enclosed boat and RV parking. Source: Boardwalk Development Group
Metro Storage LLC opened a new self-storage site with 653 units in North Plainfield, NJ. The company converted a former lawn and garden store at 351 Route 22 into a five-story facility with 65,000 square feet. It’s the company’s sixth store in the New Jersey/western New York City market. Source: Virtual Strategy Magazine
Prime Group Holdings of Saratoga Springs, NY, spent $6.6 million to purchase part of the Grafton property and a Whitinsville site from the family behind Koopman Lumber & Hardware in Worcester, MA. Prime Group Holdings owns 17 self-storage sites in Massachusetts plus more in 20-plus states. The Grafton property includes Grafton Self Storage, but not the main retail building with Koopman Lumber & Hardware. The Northbrige Planning Board approved eight self-storage buildings for the Whitinsville site, off of Douglas Road. Source: Worcester Business Journal
