The Dymon Group of Companies, which plans to build 80 self-storage sites in the Greater Toronto Area within 10 years, said that one of the first to be built will be the world’s largest self-storage facility. It will have 3,000 storage lockers, according to Stephen Creighton, senior vice president. The facility also will include offices…
Want some wine with your whine about how hard it is to move your heavy furniture? Now open in Miami’s South Beach area: SoBe Wine & Self Storage, a three-story building that not only has 1,000 storage units, but 140 of them are temperature-controlled wine rooms protected behind a biometric lock. Developers Ken Edelman and…
GreenSpace Holdings LLC broke ground July 28 on a 1,017-unit self-storage facility at 2515 Westminster Road in Pearland, TX, a suburb of Houston, where the buyer is based. (Pictured above) The Class A facility will offer 95,565 square feet of rental space in three stories. CubeSmart will operate the facility, which will utilize GreenSpace’s patent-pending design…
An Extra Space Storage facility is coming to a mixed-use project in Atlanta. Johnson Development Associates wants to build a five-story, 875-unit, 112,448-square-foot facility at 1299 Northside Drive. The company said it may spend $6.75 million on the project, slated for the West Midtown area and within walking distance of Atlantic Station. It will part of a…
Undaunted by nearby competition and motivated by Denver’s fast-growing population, Edgemark Development is building several self-storage facilities in the Mile High City. On June 30, Edgemark opened its second site here on June 30, a 100,000-square-foot facility that contains 726 units. It’s inside the City of Glendale, a small enclave known for a world-class rugby…
A net income jump of nearly 50 percent, a rise of 70 percent in core funds from operations and the purchase of five self-storage properties helped National Storage Affiliates Trust to deliver a positive Q1 2017 earnings report on May 4. The Greenwood Village, Colorado-based company spent $31.9 million to buy those self-storage properties, with…
A data-loving statistics guru is one factor behind NorthPoint Development’s push to fast become one of the nation’s major players in self-storage. The privately held Riverside, Missouri, company works in industrial properties, multifamily communities and senior living communities as well as self-storage. It has ambitious plans to have 13 self-storage facilities, which it calls Beyond…
Self-storage operators could do a better job of listening to their customers, said Marcus Mollman, founder and CEO of Closetbox, which is fresh off of raising $5.5 million in a round of funding that ended March 22. “I’m not sure anyone in the traditional storage industry has tried to understand what the customer is looking…
National Storage Affiliates Trust had plenty to boast about at its year-end report–revenue jumped about 66 percent and the company expanded its portfolio by more than a third during 2016. The real estate investment trust also announced another milestone, just before releasing its year-end earnings report on Feb. 28. The company signed up its eighth…
U-Haul will continue to seek growth in its self-storage business after 12 months of adding about 3.5 million net rentable square feet—two-thirds from its own developments, one-third from acquisitions—the company reported in results for the third quarter of fiscal year 2017, which ended December 31, 2016. “Self-storage continues to be a very competitive, very market-specific…
