Irvine, CA-based US Storage Centers, owned by Westport Properties Inc., bought a self-storage facility in the Los Angeles suburb of Commerce, CA, from Los Angeles-based Magellan Group Inc. for an undisclosed amount. The 1,347-unit, 140,048-square-foot storage facility is at 5415 E. Olympic Blvd. Aside from traditional self-storage, the facility offers RV, boat and car storage….

Glendale, CA-based self-storage REIT Public Storage bought a portfolio of six self-storage facilities in the Dallas-Fort Worth area from a joint venture between McKinney, TX-based Advantage Storage and Chicago, IL-based Harrison Street Real Estate Capital LLC. The purchase price was not disclosed. Built from 2001 to 2017, the properties total about 430,000 square feet and…

Goodbye Macy’s, hello self-storage. Long considered anchors of the shopping mall, many department stores are undergoing a long, painful death. That has left mall owners scrambling to find suitable tenants to fill the large empty footprints left behind. Enter self-storage. While retail property overall has been hitting the skids, the self-storage industry as been ascendant  and…

Leland Self Storage has opened in Leland, NC, with a three-story, 75,000-square-foot building, nearly 500 units and a heavy emphasis on climate control to counteract the state’s high humidity. The new facility is aimed at the Brunswick County and greater Wilmington area markets. The Leland location is 100 percent climate-controlled, which co-owner Manoj Bhatia said…