self-storage facility in Hollywood FL self-storage facility in Hollywood FL

Atlanta, GA-based Safeguard Self Storage bought a 167,557-square-foot self-storage facility in Hollywood, FL, for $18.83 million. The facility, at 3090 Sherman St., is Safeguard’s 13th location in Florida. The seller was Sheridan Extra Closet, which operated the facility as Emerald Hills Extra Closet. American Storage Systems previously managed it. The two-structure facility (pictured at top)…

Ladera Sports Center Ladera Sports Center

SmartStop Self Storage, a storage operator being purchased by Extra Space Storage for $1.4 billion, has broken ground on a combination sports complex, storage facility and office space in its hometown of Ladera Ranch, CA. The $32.6 million solar-powered Ladera Sports Center (artist’s rendering at top) is expected to open by July 2016. The 120,000-square-foot complex…

US Storage Centers US Storage Centers

Irvine, CA-based US Storage Centers has made its first acquisition in Texas. The company bought the self-storage facility at 800 Fulgham Road in Plano, TX, for an undisclosed amount. Property records show the operator’s parent company, Westport Properties, financed the deal with a $5.3 million loan. The facility previously operated as All Star Self Storage…

Extra Space Storage Extra Space Storage

Shortly after revealing its deal to buy SmartStop Self Storage for $1.4 billion, publicly traded Extra Space Storage said it will issue and sell 5.5 million shares of common stock to help pay for the acquisition. The Salt Lake City, UT-based REIT also will grant underwriters Wells Fargo Securities, Bank of America Merrill Lynch and Citigroup an…