St. John Properties has started building the first of three 135,000-square-foot self-storage facilities in the Baltimore, MD area. The first one will be just off Route 43 at the 1,000-acre development in Middle River, and will have 959 climate-controlled units. The storage complex is planned to open in the fall at Greenleigh at Crossroads and to be a residential and office-related amenity.
The company also is planning self-storage sites at the 44-acre BWI Technology Park II, near the Baltimore/Washington International Thurgood Marshall Airport, and the Waugh Chapel Business Park in Gambrills. Extra Space Storage will operate all three facilities.
Source: Baltimore Business Journal
In Orlando, FL, the city has approved a minor plat, called Cedarwood Orlando, at 924 Sligh Blvd., south of downtown Orlando. The unnamed developer has proposed putting a self-storage facility on the 0.99-acre property. It would be six stories and have about 116,640 square feet. Source: Bungalower
Main Road Self Storage on Johns Island, SC, wants to expand, with new units and office space on an 8.5-acre site behind 926 and 950 Main Road. The project would affect 1.2 acres of wetlands, so mitigation is being proposed. R.M. Buck Builders of Johns Island seeks a permit from the Army Corps of Engineers and the state Department of Health and Environmental Control. Source: Post and Courier
3105 Chester building slated for self-storage conversion https://t.co/xfqHRhpGMa
— HollisterCommercial (@HollisterCommer) April 22, 2019
Midwest Storage Development LLC plans to convert a four-story building on the northeast corner of East 30th Street and Chester Avenue in Cleveland, OH, into a self-storage operation. The Indianapolis-based company bought the building for $1.9 million from Chester 3133 Properties LLC. Robert McCormack, Midwest president, said his company will spend “several million” dollars to convert the property, which he expects to open in 2020. Extra Space Storage Inc. will operate the facility. Source: Crains Cleveland
U-Haul plans to convert the former Kmart on Irwin Avenue in Cinco Bayou into a moving and self-storage facility in Fort Walton Beach, FL. In addition, U-Haul’s existing facility at 631 N. Beal Parkway will become a remotely run self-storage facility. The latter location’s history includes being the site of the Colonial Inn Restaurant and the Hotel Chautauqua. Source: The Walton Sun
— Richmond BizSense (@rvabizsense) April 23, 2019
The planning commission in Richmond, VA has approved a hybrid development that would include hundreds of senior apartments plus self-storage units on Hull Street Road. Kemp Enterprises seeks to develop up to 245 age-restricted apartments plus a four-story, 175,000-square-foot self-storage facility on about 12 acres. Source: RichmondBizsense.com
Hunting Creek Mini Storage, 150 Mill St. in Preston, MD, is near capacity. Thus owner Albert Turner and his sons Greg, Brian and Geoff have opened a new storage facility with 92 climate-controlled units. They converted a former Albert W. Sisk warehouse, used for tomato canning, into the new storage space. Source: Star Democrat
Plaza 15 Self Storage has expanded, building a 68,450-square-foot, climate-controlled facility at 30 Gick Road in Saratoga Springs, NY. Adding 557 new units to the 825 existing ones raises Plaza 15’s total to 1,382. The company also moved its main office into the new building. Ben Aronson and his family founded Plaza 15 in 1992. Source: The Saratogian
The Metropolitan Development Commission in Indianapolis, IN, denied a plan to build self-storage in a former Marsh grocery store after receiving a petition with 700-plus signatures that opposed the project. The Southwest Association of Neighbors said the area has enough storage businesses, and that they want a say about what replaces the Marsh. The site is on the southwest side near Kentucky Avenue and Mann Road in Mars Hill. Source: RTV6
Holliday Fenoglio Fowler LP arranged a refinancing for Go Store It Wilmington, a newly finished 719-unit self-storage facility in that North Carolina city. HFF represented the borrower, Madison Capital Group LLC, and placed the debt with Union Bank and Trust. Travis Anderson, senior managing director, and director John Gavigan led the debt-replacement team for HFF, which provides commercial real estate and capital markets services. Go Store It Wilmington has two buildings that total 77,163 square feet and is located on 4.84 acres at 7135 Market St. Source: Holliday Fenoglio Fowler LP.