An affiliate of Salt Lake City, UT-based self-storage REIT Extra Space Storage Inc. bought a self-storage facility in Bradenton, FL, for $10.4 million from BH Caruso Storage LLC of Sarasota, FL, according to the Sarasota Herald-Tribune. The 48,100-square-foot facility, at 5225 Caruso Road, opened last year. It sits on 3 acres. An affiliate of Miami,…

A prolific developer in New York City, NY, is putting the brakes on new self-storage projects there after the city imposed what amounts to a freeze on self-storage development. Adam Gordon, president of New York City-based Madison Development LLC, told the SpareFoot Storage Beat that with opportunities in their home market now limited, he and…

Saratoga Springs, NY-based Prime Storage Group purchased a self-storage facility in the Astoria neighborhood of Queens, NY, for $94 million. The sellers were New York City, NY-based Madison Development LLC, which built the 173,990-square-foot facility, and a fund affiliated with Newark, NJ-based insurance giant Prudential Financial Inc., according to The Real Deal. The facility, at…

A Missouri-based real estate developer is going beyond its Midwestern roots to grow its self-storage brand. Currently, NorthPoint Development’s Beyond Self Storage brand operates three self-storage facilities. One facility is in the Kansas City, MO, suburb of Overland Park, KS, and the two other facilities are in St. Louis, MO, and the St. Louis suburb…

U-Haul U-Haul

For decades, U-Haul International Inc. has been in the mobility business. Now, it’s kicking its commitment to mobility into high gear. The Phoenix, AZ-based moving and self-storage company plans to build its first “smart mobility center” in Tallahassee, FL. It’ll be unlike any facility that U-Haul has ever developed. Elements of the mobility center will…

At $17.5 million, the acquisition of a self-storage facility in Phoenix, AZ, set an Arizona record for the sale price of a single self-storage facility. The property, spanning a little over 4.5 acres, comprises 754 units of drive-up and climate-controlled self-storage. Eagle Canyon Storage, at 3050 W. Camelback Road, had been branded as Camelback Self…

Malvern, PA-based self-storage REIT CubeSmart bought a recently built self-storage facility in Delray Beach, FL, from Cousins First Storage LLC, an affiliate of Delray Beach-based Kaufman Lynn Construction, for $17.75 million, according to media reports. The 134,460-square-foot, six-story facility sits on a 1.3-acre site (pictured below) at 3195 S. Congress Ave. The facility was built this year,…

Chicago, IL-based real estate investment firm Harrison Street Real Estate Capital LLC and Irvine, CA-based self-storage owner and operator Westport Properties Inc. bought two self-storage facilities in the Nashville, TN, market for a combined total of nearly $38 million. The two Mallory Station Storage facilities are set to be rebranded under Westport Properties’ US Storage…