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Editor’s note: The following op/ed piece is the opinion of the author. Interested in submitting your industry observations? Contact editor@sparefoot.com Traditionally an overlooked industry, self-storage has seen a surge in new customers and a growing interest by commercial real estate investors over the last few years. According to a recent market forecast by IBISWorld, revenue…

Public Storage opened a new facility in Humble, TX Public Storage opened a new facility in Humble, TX

An Extra Space Storage facility is coming to a mixed-use project in Atlanta. Johnson Development Associates wants to build a five-story, 875-unit, 112,448-square-foot facility at 1299 Northside Drive. The company said it may spend $6.75 million on the project, slated for the West Midtown area and within walking distance of Atlantic Station. It will part of a…

Public Storage acquired Derby Self Storage in Holiday, FL. Public Storage acquired Derby Self Storage in Holiday, FL.

Public Storage has purchased Derby Self Storage, a 64,100-square-foot self-storage facility at 2262 US-19 in Holiday, FL. The facility was built in 1999 and features more than 500 units. SkyView Advisors represented the seller, Aegis Storage LLC. “Our marketing process generated numerous strong offers from national and regional buyers, resulting in a high level of competition for…

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Undaunted by nearby competition and motivated by Denver’s fast-growing population, Edgemark Development is building several self-storage facilities in the Mile High City. On June 30, Edgemark opened its second site here on June 30, a 100,000-square-foot facility that contains 726 units. It’s inside the City of Glendale, a small enclave known for a world-class rugby…

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A group of railroad history buffs are hoping to relocate a historic train station building in the Highland Park neighborhood of Chicago. Why? Because self-storage operator Simply Self-Storage plans to demolish the more than 90-year-old structure to make way for a three-story facility at 1495 and 1505 Old Deerfield Road. The North Shore Line Preservation hope to…

Taylor/Theus is currently building this facility in Charlotte, NC Taylor/Theus is currently building this facility in Charlotte, NC

In just 10 years, Columbia, SC-based Taylor/Theus Holdings Inc. has become a regional player in self-storage. Walter Taylor and Bill Theus have been partners in commercial, residential and multifamily ventures for 30 years. In 2007, they began targeting the self-storage sector by converting a vacant Target store in Columbia into a self-storage facility with 75,000…

Phillips Development is building a 100,000-square-foot self-storage facility to complement its Skyway multifamily community in St. Petersburg, FL. Phillips Development is building a 100,000-square-foot self-storage facility to complement its Skyway multifamily community in St. Petersburg, FL.

Owners of multifamily facilities tend to notice tenant and lifestyle trends long before others — such as whether people are recycling more, what type of cars they’re driving, whether they’re receiving more mailed packages via e-commerce companies. Tampa’s Phillips Development has definitely taken note of another recent trend: Tenants asking where they can find nearby…