A Storage Place going up in Wilsonville, OR. A Storage Place going up in Wilsonville, OR.

Banner Storage Group is nearing the home stretch on a 100,000-square-foot facility at 1125 E St Charles Road in Lombard, IL. The facility will be sold to LifeStorage upon completion, which is expected in December. Also in December, Banner expects to complete a 110,000-square-foot facility at 7701 Banner Drive in Dallas, TX. Banner Storage Group currently has a pipeline…

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Customer demand drove Terry Drayton to change the name of his pick-up-and-delivery storage company from “Storrage” to “Livible” about one year ago. But over the last three years since the company started, a lot more has changed besides the name. “Customers asked us to help them with much more than storage, so Storrage wasn’t a…

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Extra Space Storage has closed on a newly converted storage facility in Glendale, CA for $13.8 million. The property was previously the studio of acclaimed movie makeup artist Rick Baker. Broker Stephen Grossman, of Laguna Beach-based Self Storage Investment Services, confirmed the closing with the SpareFoot Storage Beat on Wednesday. Grossman represented the developer, Morelli…

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Westport/TR Storage TN Venture GP purchased the self-storage facility at 1323 NW Broad Street in Murfreesbroro, TN from AC SS Fund I Murfreesboro LLC for $4.5 million. The facility (pictured at top) currently operates as US Storage Center, the Daily News Journal reports. Westport also purchased USA MAXI, a 137,250-square-foot self-storage facility at 3023 Unicorn…

iStorage iStorage

Winter Haven, FL-based iStorage has struck a deal to sell its 66-facility portfolio to a publicly traded self-storage REIT for $630 million. National Storage Affiliates (NSA) has partnered with an undisclosed state pension fund to acquire the company.  The pension fund is providing 75 percent of capital for the purchase, with Glenwood Village, CO-based NSA…

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Memphis-based Storage Development Partners is planning to build a 125,000-square-foot-facility (pictured above) at 2051 Peachtree Road in Atlanta, GA, according to Bisnow. Groundbreaking is expected in the beginning of 2017, pending project approval. The developer currently has the site under contract from Parkside Partners. Planned The planning board in Quincy, MA is scheduled to vote…