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…

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…

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…

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…

Over the last 15 years, a New York City-based firm has grown to become one of the most active storage developers in the city—responsible for more than 15 percent of the product (by square footage) currently being developed in that market. Founded in 2001, Madison Development has close to 600,000 square feet of self-storage space under development across five…