84 Lumber in Greeley 84 Lumber in Greeley

With one facility completely occupied, self-storage operator Ken Waddell is developing a second facility in Greeley, CO. Waddell is converting an old 84 Lumber location (pictured above) into a storage facility. The first phase consists of 32,000 square feet of rentable space; he plans to ultimately develop about 100,000 square feet at the 7-acre site….

C. Bain warehouse C. Bain warehouse

Starting with the development of two facilities, a Northbrook, IL-based apartment developer is breaking into the self-storage business. Banner Storage Group, a subsidiary of Banner Apartments, closed in April on its first self-storage development site. Banner paid $2.2 million for a seven-story, 106,000-square-foot warehouse in Lynn, MA, that it will convert into a storage facility….

Farmington Hills, MI-based operator Storage Pros Management has put a nine-facility, three-state portfolio on the market for $62.5 million. If a deal goes through, the sale would be the company’s first. “We chose these facilities because they are cohesive in that they are institutional-quality and will presumably appeal to the best-capitalized buyers in the industry,”…

Public Storage Miami Public Storage Miami

In a new class-action lawsuit, a Florida man alleges self-storage operator Public Storage deceived customers who bought tenant insurance policies. The suit, filed in federal court in Miami, seeks restitution for all of the insurance premiums paid to Public Storage by its customers over the past four years, an amount that potentially could total hundred…