Three Texas real estate developers have started work on the first of three self-storage facilities they’re building in the San Antonio market. Brian Cisarik, Robert Loeb and Jeff Bailey teamed up to develop the new facilities, which will be branded SurePoint Self Storage. Three additional San Antonio locations that were developed or purchased by Cisarik and Loeb will…

2531 Shirlington Road 2531 Shirlington Road

Self-storage REIT CubeSmart is developing a five-story storage facility in Arlington, VA, a suburb of Washington, DC. CubeSmart bought the nearly 4.7-acre property and two-story warehouse, at 2631 Shirlington Road (top photo), in November for $13.1 million, according to local property records. The site is occupied by Redman Fleet Services. In 2011, the site was…

This Spare Space Storage facility opened in 2007. This Spare Space Storage facility opened in 2007.

Public Storage has made its first acquisition of 2014. The publicly traded self-storage REIT bought the Spare Space Storage facility at 9420 Spectrum Drive in Austin, TX. The deal closed April 3, according to local property records. Platinum Storage Group, an Irvine, CA-based owner and manager of self-storage facilities, sold the property. The company operates…