Public Storage purchased the 100,350-square-foot self-storage facility (pictured at top) at 1669 Chatham Parkway in Savannah, GA for an undisclosed price.  The 858-unit facility was 83 percent occupied at the time of closing. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the Savannah-based seller. American Fork, UT-based Wasatch Storage Partners purchased…

red tape caught red tape caught

Getting a new self-storage facility through the entitlement process has always been difficult, but it’s especially challenging as municipalities add layers of regulations and restrictions despite strong consumer demand for self-storage. “The big issue on regulations is that it is so location specific,” said Justin Hodge, an attorney with Johns Marrs Ellis & Hodge law…

Orlando-based Self Storage Associates Inc is developing a CubeSmart facility at 3211 San Pablo Road South in Jacksonville, FL. The 107,000-square-foot facility will cost an estimated $4 million to build, according to the Jacksonville Daily Record. Planned Ziff Properties Inc. of Mount Pleasant, SC will redevelop the former Mountain Creek Shopping Center in Chattanooga, TN into…