Hurricane Harvey Impacts Hurricane Harvey Impacts

Self-storage operators and developers are picking up the pieces after a pair of powerful hurricanes brought unprecedented destruction to areas of Florida and Texas. In the aftermath of Hurricane Irma and Hurricane Harvey, self-storage operators reported a number of their facilities had closed, had been damaged or both. Many affected facilities have since reopened, and…

A Planet Storage facility in Quakertown, PA. A Planet Storage facility in Quakertown, PA.

A 14-facility portfolio of Planet Self Storage facilities has been sold. The portfolio comprises more than 635,000 square feet and 6,272 self-storage units at facilities in Connecticut, Massachusetts, New Jersey and Pennsylvania. According to the Planet Self Storage website, the self-storage operator still has six facilities in Connecticut, Massachusetts and New York. Bill Sitar Jr.,…

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An affiliate of Prudential Financial has paid $18.5 million for a new self-storage facility in the Little Havana neighborhood of Miami, FL. Broward Havana LLC, owned by Atlanta candy magnate Bruce Weiner, sold the five-story project at 641 NW 12th Ave. to Madison, NJ-based Prudential Variable Contract Real Property Partnership, according to The Real Deal….

selfstoragelancasterpa selfstoragelancasterpa

York, PA-based Moove In Self Storage has purchased two self-storage facilities in Lancaster, PA, for a combined $5.2 million. The sellers were Lancaster attorney and commercial real estate developer Phil Wolgemuth and his wife, Carol, according to Lancaster Online. The Spare Room Self Storage facility at 3630 Columbia Ave. sold for $3.2 million, and the…

One of two Montgomery, AL facilities purchased by Metro Self Storage One of two Montgomery, AL facilities purchased by Metro Self Storage

Smart Stop Asset Management sold a two-property portfolio in Montgomery, AL, to Lake Forest, IL-based Metro Storage LLC for nearly $21.8 million. Managed by Extra Space Storage, the self-storage properties offer a combined 158,238 square feet of rentable space and 1,555 climate-controlled units.  The facilities are located at 6855 Vaughn Rd. and 310 Ray Thorington…

Taylor/Theus is currently building this facility in Charlotte, NC Taylor/Theus is currently building this facility in Charlotte, NC

In just 10 years, Columbia, SC-based Taylor/Theus Holdings Inc. has become a regional player in self-storage. Walter Taylor and Bill Theus have been partners in commercial, residential and multifamily ventures for 30 years. In 2007, they began targeting the self-storage sector by converting a vacant Target store in Columbia into a self-storage facility with 75,000…

StorageMart CEO Mike Burnam StorageMart CEO Mike Burnam

For StorageMart CEO Mike Burnam, growth is all about reaching “critical mass” and “playing Monopoly.” In existing markets, the Columbia, MO-based self-storage owner and operator seeks to grow by increasing “critical mass” in existing markets via acquisition or development, Burnam said. Among the existing markets where StorageMart wants to keep “filling in the blanks,” he…