The Roll Up: Weekly Self Storage Development Round Up 9.25.19

Bruce Goldberg
September 25, 2019

In Georgia, the Sandy Springs City Council approved one self-storage project and denied a second.

The council approved a conditional use permit for a three-story, 1,000-unit facility by Taylor/Theus Holdings Inc. at 120 Northwood Drive. The council wouldn’t approve a conditional use permit for RRB Development to build a three-story, 720-unit facility at 8040 Roswell Road, on the site of the former Sandy Springs Gun Club. Source: AJC News


StoreEase Development plans to bring 90,000 square feet of storage to Hoover, AL.

In Alabama, the Hoover City Council approved constructing a two-building, 90,000-square-foot climate-controlled storage space along Alabama 150. StoreEase Development will put two storage buildings on property west of the Walgreens near the Deer Valley entrance, with a combined total of about 700 units. Source: Hoover Sun

Troy Self Storage, which has operated for 20 years in Troy, AL, plans to add on 20,000 square feet of climate-controlled space to its facility.  120-unit climate-controlled facility. The first 12,000-foot building is scheduled to open in spring 2020. One hundred and twenty additional units are planned in total. Source: Troy Messenger

A Mississippi self-storage developer bought 2 acres for $1 million in Daphne, AL, behind Lowe’s Home Improvement. He plans to build a 90,000-square-foot, three-storage building, which will operate as a CubeSmart. Malbis Place LLC was the seller. Source:

The planning commission in South Whitehall Township in Lehigh County, PA, made no recommendation regarding a rezoning request that would enable Tim Lopsonzski to build a self-storage business, perhaps as large as 100,000 square feet, at 4828 Huckleberry Road. Residents expressed concern about such a facility bringing traffic problems to the area. Source: The Morning Call

Jeff Gordon and Kyle Topper of Eagle Commercial Realty Services in Phoenix, AZ, arranged the sale of an Arizona development site, located at Higley and Thomas in Mesa. The 10-acre site was purchased for $895,412. Eagle Commercial represented the buyer. Gordon and Topper are the Arizona broker affiliates of the Denver, CO-based Argus Self Storage Sales Network. Source: Argus Self Storage Sales Network

Under construction

Work has begun on a 95,000-square-foot, 645-unit, climate-controlled self-storage building that will place units next to the Hamilton Place mall in Chattanooga, TN. The building site is where Golfsmith formerly stood, near Bassett Home Furnishings. Absolute Storage Management Inc. will operate the facility, which is expected to open in March 2020. CBL Properties, which operates the mall where the facility is being built, formed a joint venture with Hickory Capital Group for the project. Source: Times Free Press


StorQuest Self Storage opened a new facility at 2350 W. Archer  Road, near the University of Florida in Gainesville, FL. Source: Yahoo! Finance

US Storage Centers has opened a 1,440-unit facility in Compton, CA.

US Storage Centers teamed up with Invesco Real Estate, a global real estate investment manager, to build and open a 1,440-unit, 142,000-square-foot self-storage facility at 1901 W. El Segundo Blvd. in Compton, CA. It’s U.S. Storage Centers’ first facility in Compton. US Storage Centers has more than 9 million rentable square feet under management as of June 2019. Source: US Storage Centers

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