CBRE announced it brokered the sale of two My Neighborhood Storage Center self-storage facilities in Central Florida for $58.25 million to a joint venture involving Invesco and Westport Properties. The My Neighborhood entities together total 129,847 square feet. One is at 7660 Majorca Place in Orlando and the other is at 7902 Winter Garden Vineland…
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…
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…
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…
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…
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…
Philadelphia, PA-based Snapbox Self Storage purchased its first self-storage facility in the Atlanta, GA market at 5065 Sugarloaf Parkway, Lawrenceville. It has 859 units, with a mix of climate-controlled and drive-up, and 95,333 NFSF. Source: PR Newswire Trojan Storage, based in Redondo Beach, CA, purchased Mokena Self Storage, located at 19140 Darvin Drive in Mokena,…
Life Storage spent $43.48 million to purchase two Extra Space Storage facilities in South Florida. Life Storage of Buffalo, NY, became the new operator of both facilities. In the bigger deal, 201 NW 37th Avenue LLC sold the 142,207-square-foot, eight-story building at 201 N.W. 37th Ave. in Miami for $22.49 million, or $158 per square…
Life Storage, at 825 Third Avenue South in downtown Nashville, TN, and sometimes called SoBro Storage, has sold for $14.8 million. It has 58,229 square feet and is located near live music venue Third & Lindsley. Public Storage of Glendale, CA is the buyer and also owns a storage facility one block away at 800…
NitNeil Partners, a self-storage developer based in Atlanta, GA, has closed out one portfolio and made plans for a new one. In August, the company sold a 22-property folio to Life Storage Inc. NitNeil is at work building a new portfolio that is currently spread around six states and has a total of about 700,000…
