Metro Storage has added its fourth location in the Philadelphia metro area with the purchase of Limerick Self Storage in Limerick, PA. Metro Storage bought the 851-unit facility at 60 W. Ridge Pike (pictured above) for $9.93 million, according to Montgomery County property records. The facility, built in 2008, features more than 78,000 square feet of…

Extra Space Storage Extra Space Storage

Self-storage REIT Extra Space Storage is carving out a small piece of the Internet for itself and others in the $25 billion storage industry — a move that appears to be designed to unite certain players while possibly shutting out others. How? Salt Lake City-based Extra Space soon will control its own industry-specific domain: .storage. For…

The Lock Up The Lock Up

The operator of The Lock Up Storage Centers has obtained a $131.7 million loan from Prudential Mortgage Capital, primarily as a way to refinance its properties. The loan is secured by 18 self-storage facilities owned by Northfield, IL-based Lock Up/Evergreen Storage LLC. This is The Lock Up’s third portfolio financing with Prudential. The facilities feature 1.15…

Troy Downing Troy Downing

Troy Downing (pictured above), CEO of AC Self Storage Solutions, has been elected to the board of directors of Charity Storage. Charity Storage is a nonprofit foundation that raises money for numerous causes. Community members and storage customers donate items to be loaded into a unit at a participating self-storage facility. Charity Storage then auctions off the…

Jaakko Piipponen Jaakko Piipponen

A San Antonio startup is bringing the emerging storage-on-demand concept to Central Texas, but with a slightly different business model than other players in the space. Remote Garage seeks to team up with document storage companies that have existing space to store boxes of people’s stuff. Other storage-on-demand startups typically rent warehouse space to store…

Morningstar Properties Charlotte Morningstar Properties Charlotte

Morningstar Properties is building a 100,000-square-foot storage facility in Charlotte, NC. The Matthews, NC-based storage operator has been rebuilding its presence in the Charlotte market since its $315 million portfolio sale to Public Storage last fall. Public Storage bought Morningstar’s four Charlotte facilities as part of the 43-facility deal. In March, Morningstar returned to the…