In Virginia, the Town of Herndon Planning Commission unanimously approved replacing a 40-year-old warehouse with a 30,000-square-foot Security Public Storage facility at 331 Victory Drive. The warehouse, whose tenants include the Wolf Trap Foundation for the Performing Arts, would be demolished. Next up is a public hearing before the Architectural Review Board. Demolition and construction…
NitNeil Partners plans to build a five-story self-storage facility at 25856 Highway 19 in Clearwater, FL. It will sit on an 0.25-acre site that the company bought in June. It will have 725 climate-controlled units across 70,000 rentable square feet. Construction will begin in January 2023. Planned DXD Capital received a $12.93 million construction loan…
A four-story, 140,000-square-foot self-storage facility is coming to South Orange, NJ. Larry Weiss of Elite Realtors sold 311-317 Valley St. and adjoining properties along Lackawanna Place. Storage Platforms bought the five parcels and will put up the new building. The project also will provide additional park space next to the building along Founders Park. Wider…
Spartan Investment Group, based in Golden, CO began an expansion (below) that will add about 31,700 square feet of climate-controlled storage and 12,940 square feet of non-climate-controlled storage at its FreeUp Storage facility in Huntsville, TX. That facility currently has 320 units covering 44,460 gross square feet. Completion is scheduled for late 2022. Planned In…
A Kmart store closed since early 2019 will become a self-storage facility in Allentown, PA. Devon Self Storage plans to use the existing 86,395-square-foot Kmart building at 1502 S. Fourth St. and also plans to build an estimated 37,000 square feet for a self-storage site. The company hopes to use a total of about 123,400…
In an era when people are racing in and out of employment opportunities (see: “Great Resignation”), Florida-based Anthony Scavo has held just three jobs, including 26 years at Lefrak, which he joined at age 17 and where he moved up to senior managing director of development and construction. These days, he’s Chief Operating Officer at…
In Michigan, the Northville Township planning commission is considering ways to renovate a building to add about 28,000 square feet of self-storage at 807 Doheny St. Renovations would happen in the western part of the building formerly taken by the Jack Doheny Co. Jim’s Oil portion will remain in place in the eastern portion of…
Wong Cubes LLC has purchased Aubin Lane Self Storage LLC for $1.25 million in Baton Rouge, LA. The facility is on Aubin Lane near the Cedarcrest Avenue I-12 overpass. Christopher DeCesare is the registered agent for the seller, Aubin Lane Self Storage LLC. Randy D. Wong is the registered agent for Wong Cubes. The Wong…
Gantry, an independent commercial mortgage banking firm, secured $7.7 million of permanent financing for two self-storage facilities totaling 135,000 square feet of rentable space. The facilities are Storage Corner Group’s 60,000-square-foot Uptown Storage in Salt Lake City, UT, and the 75,000-square-foot Central Storage and Business Park in St. George, UT. Gantry’s Charlie Kokernak, director with…
JLL Capital Markets arranged $33.2 million in financing through SoundPoint Capital for Storage Post Self Storage’s new four-story, 2,370-unit self-storage facility at 620 Richmond Terrace in Staten Island, NY. SoundPoint is an alternative asset management firm based in New York with $28.9 billion of assets under management. The facility will be located on the north…
