True Storage opened a new self-storage facility at 10 Prospect Hill Terrace in East Windsor, CT. It opened Jan. 24. The renovated, 51,383-square foot facility has 585 climate-controlled units and previously was a site for Burlington Coat Factory (below). It is the second store in the True Storage portfolio that Store Space Self Storage is…
CBRE announced the $8.8 million sale of a self-storage facility in The Villages, FL, one of the best-known master-planned communities in the nation, and it has more than 80,000 households. Coleman Self Storage LLP was the seller and Allendale Ventures LLC the buyer. The facility has 335 units spread across 51,575 square feet. Source: CBRE…
Boardwalk Development Group sold a 10-property, 3,369-unit self-storage portfolio located in Atlanta, Georgia and Tennessee. The properties operate under the Mini Mall Storage brand. The purchaser was Avenue Living Asset Management. The Alabama facility is in Opelika. In Georgia, the sites are in Dahlonega, Clermont, Loganvile, Perry and Jasper. In Tennessee, they are in Ooltewah,…
It awaits approval, but a lot at 106-02 Rockaway Beach Blvd. is slated to become Storage Fox, with a six-story, 135,719-square-foot facility in Queens, New York City (below). The NYC Building Department and the MTA are revisiting the building plans and construction may start in March. Plans include seven accessory parking spaces on the first…
CBRE announced the sale of a self-storage facility named Capital City Storage in Olympia, WA for $7.4 million. It has 417 units spread across 43,304 square feet in 14 buildings. CBRE’s Self Storage Advisory Group represented the seller, TJY Properties LLC, a private investor. The buyer also is a private investor. Capitol City Storage neighbors…
LSC Development LLC of Barrington, IL finished building a 90,136 NRSF structure, with 1,691 units, at 62-05 30th Ave. in Woodside, NY. It’s located in Northwest Queens near LaGuardia Airport and the Brooklyn Queens Expressway. Chicago-IL based ByLine Bank provided the construction financing, and Racanelli Construction was a general contractor for the project. Life Storage…
Houston, TX-based LandPark Advisors LLC, in a joint venture with Sunset Capital LLC bought an eight-property self-storage portfolio in East Texas (in the Dallas-Fort Worth MSA). Right Move Storage LLC will manage the portfolio. Extensive improvements and starting up an efficient leasing and management strategy are planned. “Right Move has intimate knowledge of these assets…
First Citizens Bank announced that its Middle Market Banking business provided a total of $65.8 million in financing for affiliates of Morningstar Properties, an investor in and operator of self-storage facilities, marinas and other specialty real estate assets. The money was used for Morningstar’s purchase of three newly built self-storage properties that will operate as…
Bluebird Self Storage purchased one of the oldest storage facilities in North America as its first location in Victoria, British Columbia, Canada. The four-story, 16,000-square-foot City Center Storage building at 824 Johnson St. was constructed in 1901. Originally, it boarded horses, and a freight elevator took them to the upper floors. It’s been a storage…
Inland Private Capital Corp., a real estate investment manager, and Devon Self Storage Holdings, a privately held national storage operator and developer, opened a 91,787-square-foot self-storage facility in Allentown, PA (below). It’s the third delivery on behalf of Self-Storage Qualified Opportunity Fund LLC, an IPC-sponsored Qualified Opportunity Fund, and overall, it’s one of 10 self-storage…
