Ameris Bank granted an $11.6 million construction loan to a North Carolina-based company to build a 107,340-square-foot self-storage facility in Opa Locka, FL. The mortgage went to GSI Opa Locka Owner LLC, an affiliate of Charlotte, NC-based Madison Capital Group Holdings. The 1.22-acre site is at 12940 NW. 27th Ave., a former used car lot….
Compass Self Storage reached a total of 100 locations (with 30 of them in Florida) when it opened a new property at 203 Neighborhood Market Road in Orlando, FL. It has more than 81,000 NRSF in a multistory, climate-controlled building that also has drive-up units. The company, based in Cleveland, OH and a member of the…
Chris Bornhoft, a commercial real estate broker, and his wife, Marianne, who is a realtor and broker at Windermere Manito, will break ground in April for Garage Lodge, a 23-unit luxury storage condominium complex at 1551 S. Deer Heights Road on the West Plains in the Spokane, WA area. Owners will be able to customize…
Nabers Self Storage is coming to a 4-acre lot at 101 Industrial Parkway in Tehachapi, CA after its planning commission approved it. It will have about 900 storage units spread across 102,815 square feet. It will have both climate-controlled units and non-climate-controlled units. The project owner is 1900 E. Adams LLC of Valencia, CA. Also…
True Storage completed a 455-unit self-storage facility in Warwick, RI. CubeSmart manages the 60,000-square-foot property, formerly a manufacturing facility for Interplex, a technology and engineering firm based in Singapore. True Storage bought the property in September 2021 when Interplex relocated. True Storage is a New Hampshire company. Source: REBusiness Online Leon Holding Co., based in Kalispell,…
SurePoint plans to develop a 744-unit self-storage facility in Conroe, TX inside Johnson Development’s Grand Central Park master-planned community in northern Houston. CubeSmart will manage the facility, which will have about 94,000 NRSF of climate-controlled space. Construction begins this fall and completion is planned for May 2023. The facility will be SurePoint’s 14th self-storage site…
The Delaware City Council approved West Delaware Storage LLC’s preliminary development plan request for a 101,200-square-foot facility on an 11-acre site on the south side of Pittsburgh Drive. The Delaware Planning Commission approved the project on Feb. 2. It would include 11 storage buildings ranging from 1,800 to 12,000 square feet, with 500 units –…
In New York, the Yonkers Industrial Development Agency approved financial incentives for a $15.4 million CubeSmart self-storage project at 1060 Nepperhan Ave., to be built by KCT Inc., and preliminary approval for financial incentives to a $15.8 million self-storage project at 1969 Central Park Ave. The CubeSmart project involves finding another home for the current…
The Metro Entertainment Complex on Willow Branch Avenue near Post Street in Jacksonville, FL, former home of a LGBTQ nightclub, will be turned into a self-storage facility. Atlantic Self Storage, which owns about 50 self-storage spots in northern Florida, bought the Metro property in September for $1.85 million and plans a four-story building. Source: News4JAX…
A self-storage facility with 110,000 square feet is coming to a Marrows Road industrial park. The New Castle County Council in Delaware approved the project at 1 Forge Drive in the Tralee Industrial Park. CubeSmart plans to knock down the existing warehouse and replace it with a new, climate-controlled warehouse with self-storage units, office space…
