DealPoint Merrill has bought a former Kroger-anchored shopping center that sits on 13.5 acres at 13333 Eureka Road, Southgate, MI. Its plans include converting a 109,000-square-foot building into a large CubeSmart self-storage facility with 1,112 indoor units in 90,275 square feet and a 24,500-square-foot building with 200 units of outdoor drive-up self-storage. Construction will start in Q1 2019 and is expected to take three to six months. DealPoint also is changing the name of the Kroger Shopping Center to Southgate Shopping Center, whose co-anchors include Logan’s Roadhouse and Dunham Sports.

DealPoint also is finishing up a redevelopment of a former Macy’s department store in Richmond Heights, OH, into a CubeSmart with 1,124 units and a retail outlet. It’s scheduled to open the first week of November.

Source: DealPoint Merrill

Planned

Self-storage is coming to the small Colorado town of Mack, near Grand Junction. Mesa County commissioners approved a special-use permit for a 61,000-square-foot, five-building complex at the corner of O Road and U.S. Highway 6 & 50. Property owner Lawrence Brach said he may want to include a new retail presence. Construction is expected to start in early 2019. Source: Daily Sentinel 

A CubeSmart-operated facility has set up business at 1005 Linwood Road in west Gastonia, NC, taking up more than half of a 10,000-square-foot building. And once the Family Christian Center moves out in the coming months, then the storage operator, which paid $1.5 million for the site, will be able to renovate the rest of the space. The facility currently has 330 air-conditioned storage units in its section of the building. Source: Gaston Gazette 

A Snap Box self-storage facility is coming to the former Cost Cutter location on Whitehorse-Mercerville Road in Hamilton Township in Mercer County, NJ. Plans call for renovation of an existing 43,000-square-foot building and to add about 38,500 square feet. Source: Community News.org

Under construction

Gecko RV and Boat Storage in Roseburg, OR, has begun work to double its capacity, adding three new buildings, a new wash station plus parking spaces. “We are at 95 percent capacity and there is always a waitlist, so it looked like there was enough demand to expand,” owner John Blodgett said. The business, which is just for RVs and boats, is located at 350 N.E. Pomona St. Source: The News-Review

Completed

Cainbridge Investment opened the first of two planned CoolBox Self Storage facilities in Alabama.

Cainbridge Investments LLC, a real estate investment firm, and Universal Storage Group opened CoolBox Self Storage at 5215 Caldwell Mill Road in Hoover, AL. It’s designed to serve the Hoover/Birmingham area. It has 91,000 square feet and 771 units in a three-floor building. Cainbridge also plans to open another CoolBox location in Birmingham in March 2019. Source: Al.com

 

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Bruce Goldberg