PTI Security Systems has rolled out a new security-and-access technology product that it says will go a long way towards the eventual automation of numerous other functions at self-storage facilities. Earlier this month, the Arizona-based PTI, which provides both hardware and software products tied to self-storage access and security, released its new “PTI Core,” described…
A Tampa, FL-based real estate investment and development group has turned to its backyard to launch a self-storage business that already boasts a pipeline filled with projects totaling $64 million. Broome Storage LLC, an affiliate of Broome Capital LLC, has six self-storage projects in the works in the Tampa-St. Petersburg area, Jordan Farrales, the firm’s…
Storage Express is pumping up its Midwest portfolio of self-storage facilities, snapping up 12 properties in Illinois. “The optics of this deal don’t come along every day for us,” said owner and founder Jefferson Shreve. “We jumped at the opportunity.” He declined to give financial details about the Illinois transaction, only to say it was…
Could the empty corner in your neighbor’s garage compete against the newly built self-storage facility off the interstate? The founders of a new startup and its new financial bakers definitely think so. Neighbor, a Salt Lake City, UT, company that matches people with spare space to rent out in their homes, garages or apartments with…
Long Island-based Zippboxx is one of the latest entrants into the growing on-demand self-storage segment. On-demand storage, which also has been called valet storage or full-service storage, adds technology and convenience to the self-storage mix by offering consumers the convenience of storing their stuff without ever leaving their house or apartment. ZippBoxx, based in Hauppauge,…
If all goes as planned, dozens of self-storage facilities built out of repurposed shipping containers will be surfacing around the country with backing from a Texas startup and a growing number of investors. Houston, TX-based startup GreenSpace Holdings LLC already has a commitment from a high-net-worth investment group to develop an estimated 50 multistory self-storage…
Full-service storage company Closetbox kicked off the New Year by expanding into 10 new markets – bringing the total number of cities it serves across the United States to 88. Specifically, the concierge, or valet, storage company now has expanded into: Napa, CA Baton Rouge, LA Canton, OH Chattanooga, TN Huntsville, AL Jackson, MS Knoxville,…
First Neck Self Storage has raised $50 million—and plans to perhaps double that in its next round—to buy operating storage facilities in primary and especially secondary markets. It’s a joint venture involving CSM Capital Corp., a New York City-based multifamily office, and Self Storage Capital Partners, a Philadelphia-based self-storage firm that uses the brand name…
Goodbye Macy’s, hello self-storage. Long considered anchors of the shopping mall, many department stores are undergoing a long, painful death. That has left mall owners scrambling to find suitable tenants to fill the large empty footprints left behind. Enter self-storage. While retail property overall has been hitting the skids, the self-storage industry as been ascendant and…
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…
