Under Construction Phoenix, AZ-based Wentworth Property Company is converting a former semi-conductor plant at Thomas Road and Pima Road in Scottsdale into a 120,000-square-foot self-storage facility. Completion is expected during the second quarter. The facility will be managed by US Storage Centers. The project is Wentworth’s first foray into storage; the company is an owner…

Updated 12/21/2015 to reflect purchase price Farmington Hills, MI-based Storage Pros Self Storage has just sold a huge chunk of its portfolio to an institutional joint venture group. David Levenfeld, president and CEO of Storage Pros, told the SpareFoot Storage Beat that the company sold 37 properties in total. Thirty of the facilities transferred to…

Extra Space Storage acquired the newly built self-storage facility at 3055 Del Sol Boulevard in Otay Mesa, CA for $9.5 million. The facility (pictured above) was developed by the seller, Beverly Hills, CA-based M4 Management Inc. The 60,000-square-foot facility also includes 73 spaces for boats and RV storage. The sale marks the first certificate of…

Denver-based Closetbox faces a pleasant problem, according to CEO Marcus Mollmann: “It’s keeping up with the demand for our service.” Mollman, 39, launched Closetbox in the spring of 2014. The company, which offers monthly storage with home pick up included, has expanded to 20 locations nationwide, including Seattle, San Francisco, Los Angeles, Houston, Atlanta, Indianapolis, Cincinnati and…