Rosewood Property Co. has made its biggest deal ever, purchasing 16 self-storage facilities spread among 12 states from Extra Space Storage. The deal includes a total of about 12,000 units and 1.3 million net rentable square feet. Extra Space Storage will manage most of the new properties. Newmark Group Inc.’s Aaron Swerdlin, Kenneth Cox and…
A former Kmart building with approximately 108,000 square feet in Massillon, OH, will be converted into an indoor/outdoor Space Shop Self Storage. The Kmart closed in 2017. A new Chipotle on Lincoln Way East will be a main tenant of the 11.7-acre tract that is being redeveloped. Source: IndeOnline.com Planned U-Haul Moving & Storage of Los…
The sale of four self-storage facilities by affiliates of two major REITs totaled $80 million in North Carolina last month. A CubeSmart affiliate sold the four properties, which are in Wake and Durham counties, to Public Storage affiliate PS NC III LP. The properties are located as follows: 2117 N.C. Highway 55 in Cary 4812…
It’s been about 35 years since The Peterson Cos. opened a new division, and the Fairfax, VA-based real estate company chose to focus it on the fast-growing world of self-storage. The company, born in 1965, first dipped its toes in this endeavor about five years ago, and has developed and opened three projects over 100,000…
Americas Capital Partners, based in Coral Gables, FL, has filed a pre-application with Miami-Dade County officials that calls for a seven-story, 112,600-square-foot self-storage building, plus 13 parking spaces, on an 0.49-acre site at 2655 NE 186th Terrace in the Ojus area near Aventura. Developers file pre-application to get feedback from county officials before submitting official…
Extra Space Storage Inc. bought its location at 408 N. Primrose Drive in Orlando, FL, for $16.03 million on Dec. 6 from the original developer, an entity tied in with Titan Properties, based in Winter Park, FL. Titan built the three-story, 98,052-square-foot facility in The Milk District. The property sits on 1.3 acres. Extra Space…
Store your stuff and take a puff? A new self-storage facility will also feature a cannabis retail, processing and grow facility as well as a new diner in a 90,000-square-foot development at 7733 E. Saginaw Highway in Lansing, MI. The $14 million project will have 656 storage units. The project is scheduled to be finished in…
Spartan Investment Group purchased 18 self-storage facilities totaling 742,285 square feet in Texas this quarter, and said it has executed its plan to expand its FreeUp Storage brand across the United States. The Texas buys are in Dallas-Fort Worth and East Texas, giving FreeUp 1.5 million square feet and 11,265 units in the state. In…
InSite Property Group, based in Torrance, CA, acquired a 2.3-acre development site in Kapolei Business Park, on the island of Oahu, HI. InSite plans a three-story, 104,000-NRSF facility with more than 853 units, under the SecureSpace brand. The site is near Honolulu’s busiest highway, Interstate H-1. Construction is scheduled to start in August 2022 and…
HAN Capital, a Chicago-based real estate investment firm, has completed its acquisition of Wylie Boat & RV Storage in Northeast Dallas. The 153-unit facility is located on more than 10 acres of land in the rapidly growing town of Wylie, TX, a suburb of Dallas, TX. HAN Capital now owns & operates 32 storage facilities…
