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Last year, Dave King’s Wentworth Property Co. was trying to get necessary local approvals for a new self-storage facility in Kentucky. There was only one problem: some city officials didn’t think the project would create enough local jobs. After flying back-and-forth four times between his firm’s headquarters in Phoenix and Kentucky, King, vice president of…

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The self-storage sector is hot—and Rajen Sheth has created another investment fund devoted to it. Sheth is CEO of Boardwalk Development Group (BDG), LLC, in Johns Creek, GA, a private equity real estate investment company. Boardwalk recently announced the launch of its $50 million Boardwalk Storage Fund I, LLC. The fund will focus on buying and…

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Developer Tony Ardizzone, through his Scottsdale, AZ-based company The Monolith Group, is moving full-speed ahead on a pipeline of nine self-storage properties totaling around 1 million square feet throughout the Southwest. He doesn’t plan to stop there either. “Our current mission is to construct, acquire and own 50 self-storage facilities within the next 72 months,”…

The new Lexington facility will be similar to other Bee Safe facilities. The new Lexington facility will be similar to other Bee Safe facilities.

Developer Roy Carroll may be new to the storage industry, but he’s already smitten. The Greensboro, NC-based owner of Bee Safe Storage has plans to open one new storage facility a month over the near term. “We’re really putting the resources toward expanding this concept,” said Carroll, who also heads The Carroll Cos., a company…

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Bluebird Self Storage is building three news facilities in New Hampshire, having just completed its first facility earlier this year. The independent operator is currently constructing a 750-unit a facility at 97 Brown Avenue in Manchester (pictured above) that is scheduled to open in November. By next spring Bluebird expects to complete a 700-unit facility…

Jenkins is developing Hardy Oak Self Storage in north San Antonio. The facility spans 100,000 square feet. Jenkins is developing Hardy Oak Self Storage in north San Antonio. The facility spans 100,000 square feet.

A Houston-based developer and operator has unveiled its current development pipeline, which will deliver 15 facilities at a cost of $125 million. The new facilities developed by The Jenkins Organization will add a combined 1.5 million square feet to the company’s existing footprint of 3.5 million square feet. Fourteen of the facilities are located in Texas, with…

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LifeStorage picked up a portfolio of four facilities in Boulder, CO for $56 million, local property records show. The facilities were sold by Heitman and managed by SecurCare Self Storage. The portfolio spans 324,000 square feet and offers 3,000 units. Steve Mellon and Brian Somoza of JLL represented Heitman in the transaction. The facilities are located at…

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Robert Walker, owner of Storage of America, recently purchased the Port Huron Factory Shops outlet mall in Kimball Township, MI (pictured above). Walker plans to convert vacant portions into the mall into self-storage space, according to The Times Herald. Built in 1993, the 161,136-square-foot mall never reached full-retail occupancy and is currently more than 60…