The Roll Up: Weekly Self Storage Development Round Up 6.26.19

Al Harris
June 26, 2019

U-Haul is bringing the party to Marietta, GA for the Fourth of July. The company is holding a grand opening of a new facility it converted from a midcentury Chevrolet dealership. The dealership closed in 1988 and variety of other tenants moved in and out until U-Haul purchased the property in 2017.

The facility has been outfitted with 400 self-storage units. It is located at 900 Roswell St., along the route of the annual Marietta Fourth of July parade. U-Haul will be serving free lunch and giving out prizes to celebrate the holiday.

Planned

U-Haul will convert this biotech facility into a self-storage complex.

And in other U-Haul news, the company will convert the former home of biotech firm Genzyme into a 600-unit self-storage facility in Framingham, MA. U-Haul bought the 93,000-square-foot building at 15 Pleasant Street Connector for $4.4 million in April. Genzyme left it in 2012. U-Haul also is renovating the former Melville Shoe Corp. factor in Worcester, MA. Source: Worcester Business Journal

But wait, there’s more U-Haul. U-Haul is converting a former Kmart store it purchased into a new self-storage facility at 7425 E. Washington St. in Indianapolis, IN. The 178,963-square-foot store will be outfitted with 598 indoor self-storage units with climate-control options. The building has been empty since 2014. Source: PR Newswire

Under construction

Ballinger Self Storage, located at 20029 19th Avenue NE in Seattle, WA is nearing completion. The newly constructed four-story storage facility will offer 788 storage units.

Simply Self Storage is building a new facility at 13461 Rosecrans Avenue in Santa Fe Springs, CA, which is part of the Los Angeles metro area. Broker Stephen Grossman arranged the sale of the site to Simply. The completed complex will offer more than 1,000 storage units covering approximately 150,000 square feet of net rentable space. It is scheduled to open this summer.

The Branchburg, NJ, zoning board of adjustment approved a plan by Cyzner Properties to convert the 3421 Route 22 east building, which is 40 years old, into a self-storage facility. The building was the former home of Sun National Bank. Plans include 1,000 storage units – including some for wine storage — plus 400 spots for RVs, boats and other vehicles. Source: my central jersey

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