Two vacant buildings in Saginaw Township, MI, will be turned into self-storage facilities.
In March, Star Saginaw LLC bought the former Value City furniture store building (140,000 square feet) on Bay Road, which has been vacant for about 10 years. Across the street is a CubeSmart site that formerly was a Kmart.
Also, Storage of America has bought another former Kmart building on Gratiot Road, and will create a self-storage business there.
Newman Realty Partners LLC received its final site plan approval to build an 87,692-square-foot, four-story, climate-controlled self-storage facility at NEC Commercial Boulevard and Rock Island Road in Tamarac, FL. The number of units hasn’t been determined. It was the company’s second Florida project, with a third coming up in Port Saint Lucie.
We're expanding! Keep an eye out for our Peter's Township location – opening in 2020. https://t.co/1JmWafvhpp
— Guardian Storage (@GuardianTweets) May 31, 2019
Guardian Storage has added five self-storage facilities in the last two years, and its newest one is in Peters Township, PA, scheduled to open in June 2020. It’s located at 2670 Washington Road, and will have 117,870 square feet and 739 units, both climate- and non-climate-controlled. Guardian Storage spent $14.5 million on what will be a four-story facility sitting on 5.1 acres. ARCO/Murray is the builder and Desmone Architects is the designer. Source: The Almanac
Dave and Ann Brach plan to open their third self-storage in mid-to-late June, Brach’s Interior Storage will have two stories, 173 climate-controlled units and 20,000 square feet at 2497 Power Road, Unit 20, in Grand Junction, CO. It will be across the street from Brach’s Self Storage. Brach’s Mini-Storage is at 411 Brach Drive. Source: The Daily Sentinel
Los Angeles, CA-based Trojan Storage purchased a parcel in Glendale, CA, where it plans to knock down the existing structure and build a 220,000-square-foot self-storage business. The company paid $9 million for the 1.9-acre property at 620 W. Elk Ave. The Glendale site will be the company’s second property in the Tri-Cities; the first one is at 101 E. Linden Ave., Burbank, CA. Source: San Fernando Valley Business Journal
SoBro Self Storage will hold a ribbon-cutting ceremony from 2-4 p.m. June 11 for its new facility at 825 3rd Ave. South in Nashville, TN. It has 213 climate-controlled units and 19,088 square feet. Absolute Storage Management operates the facility, one of its eight in the Nashville area.
Extra Space Storage will manage a new storage facility owned by Johnston Road Storage Owner LLC and located in Charlotte, NC, close to the Highway 51 intersection and next to Charlotte Catholic High School. The facility, which opens this month, has 700 units and covers 114,000 square feet. Overcash Demmitt Architects designed the facility.
Storage Express opened its 111th property, a new self-storage facility in Indianapolis, IN. It’s located at 510 E. Thompson Road (at the US 31 exit off I-465 on the Southside of Indianapolis), has 55,000 square feet and 360 units, and is the company’s 10th location in Indianapolis’s metro area.