Cushman & Wakefield’s Self Storage Practice Group sold a ready-to-build self-storage site on Aurora Avenue North in Shoreline, WA, which is in North Seattle. The site is approved to build about 77,000 rentable square feet. C&W’s Greg Wells and Jim Lewis handled the transaction on behalf of seller Lake Union Partners, a Seattle private development firm.
Baranof Holdings LLC is the buyer in a joint venture with an institutional equity partner.
Columbus Self Storage, 395 Transit Road in Columbus, WI, plans to add climate-controlled self-storage units, with a planned completion date of spring 2019. It’s adding 20,000 square feet and 123 new units, a mix of drive-up and interior access. The facility opened in 2015 and added two buildings in 2016. Julie and Steve Hajewski plus a silent partner are the owners. Source: Columbus Journal
A new self-storage facility is one step closer in Colorado. The Woodland Park Planning Commission approved the final plat review for the site, the former Saddle Club rodeo grounds on Highway 24. The commission did add conditions to the plan, such as utility easements, a trail easement and regarding construction. Also, a lawsuit was dismissed in which several members of the Saddle Club objected to the property sale. Source: TMJ On the Web
U-Haul has purchased a 95,028-square-foot former Kmart building in Jackson, TN, renamed it U-Haul Moving & Storage at Old Hickory Boulevard, and is building 60,000 square feet of self-storage. This will be the company’s second location in Jackson.
Marcus & Millichap worked the sale of a planned self-storage facility at 2801 Southwest 31st Ave. in Pembroke Park, FL. The single-building location is expected to have 86,000-plus square feet in six stories. Brian Fulton and Michael A. Mele, investment specialists in the company’s Tampa, FL office, marketed the facility on behalf of the seller, an unidentified LLC. They also represented the buyer, another LLC.
U-Haul held a grand opening Sept. 21 for its new indoor self-storage facility, called U-Haul Moving & Storage of Superior, at 3015 Tower Ave. in Superior, WI. It has 88,914 square feet and 700-plus storage units.
The Rosenblum Cos. opened a new self-storage center, ValuSpace, at 850 Hoosick Road, Brunswick, NY, in the Albany area. It has 66,000 square feet and 499 units. Source: Times Union
StorageMart, which is based in Columbia, MO, has opened a new self-storage facility at 6099 Irvington Road in Omaha, NE. It has 10 buildings plus a three-building annex at 6556 N. 90th Plaza, with 433 units and 104,000-plus square feet. All the buildings are one story. StorageMart already has other locations in the area on Sapp Brothers Drive, Redick Avenue and Scott Circle. The company claims to be the largest privately owned, family-operated storage company in the world. Source: Benzinga
Public Storage opened a new, four-story self-storage facility with 1,300 units at 39 SE 1st St. in Deerfield Beach, FL. It’s located about 2 miles from the boardwalk, between Interstate 95 and Highway 1 at Hillsboro Boulevard. The company has more than 2,400 locations nationwide.