My Neighborhood Storage Center of Magnolia, which will have 700 climate-controlled units, is part of an under-construction mixed-used, retail development in downtown Orlando, FL. Liberty Investment Partners Inc., working with private investors, is developing the three-story property, which will include six retail spaces with a total of 15,000 square feet, a restaurant and drive-thru. It…
A three-story, 84,000-square-foot self-storage building has been proposed for a project that also would include a Putt-Putt Fun Center at 2200 Eubanks Road in Chapel Hill, NC. The latter could include mini golf, laser tag, bumper cars, an arcade inside a 16,000-square-foot building, a go-kart track and batting cages. The self-storage building would need a…
Developer Jim Allard showed his plans to the Hudson, NH, planning board to build a new self-storage facility on Roosevelt Avenue. He wants to put up a three-story, 90,900-square-foot facility at 23 Roosevelt Avenue. His plan is to combine two lots and take down a 4,990-square-foot concrete building and parking lot before starting the new…
JLL Capital Markets secured $6.2 million to back the construction of Sachse Self-Storage in Sachse, TX, a suburb of Dallas-Fort Worth. Austin, TX-based Central Southwest Texas Development LLC is the developer. The three-story facility will have 906 climate-controlled units and 91,170 net rentable square feet at 7970 Woodbridge Parkway. JLL’s Griffin Guthneck, CW Sheehan and…
A vacant Grand Union supermarket at 170 Clay Pond Road in Monument Beach, MA, may become a self-storage facility. Project developers propose to renovate the former grocery store, plus build a two-story, 15,000-square-foot addition next to lt. In total, there would be 105,660 square feet for storage. In addition, they have proposed 35,600 square feet…
It’s a particularly hot time in Northeast Florida these days for the self-storage industry, with more than a dozen facilities proposed or under development. Scherer Construction alone is working on seven such projects. “Both our youngest and oldest adult populations are in a transitional state,” said Michael Biagini, vice president at Scherer. “The younger is…
Talonvest Capital Inc. recently completed the negotiation of a $48.4 million refinance bridge loan. Nothing unusual there; Talonvest is currently negotiating transactions worth between $7 million and $125 million. But a note of caution from Thomas Sherlock, one of Talonvest’s three principals. “The demand for this type of loan from borrowers is increasing, but the…
GreenSpace plans to build a 100,000-square-foot self-storage facility that uses surplus shipping containers in Pearland, TX, on a 2.4-acre parcel it recently purchased. The project will be its second facility in Pearland, completing its first last year. The company said it plans to develop 50 storage facilities in the next seven years. “We are aggressively…
A mixed-use project with apartments and self-storage – the latter with a four-story building with 100,000 square feet – could be coming to Willard Road in Norwalk, CT, as Frontier Communications wishes to move its vehicle dispatch center off of Willard Road to the former FedEx site on Meadow Avenue. Amendments to the city’s zoning…
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…
