Bolstered by self-storage veteran Hugh Horne, a new joint venture aims to create a national portfolio of storage facilities over the next several years. HPI Horne Storage, a collaboration between Austin, TX-based Horne Partners LLC and Austin-based HPI Real Estate Services & Investments, already has six self-storage facilities underway. The first three are under construction…
A 12-building, 194,000-square-foot self-storage facility is coming to Appleton, WI. It would go on the site of a former Kmart store, which was demolished about 10 years ago, along West College Avenue between North Lynndale Drive and North Perkins Street. The complex also would have room for retail. Source: WEAU 13 News Planned In Georgia,…
Los Angeles, CA-based Kayne Anderson Capital Advisors LP purchased three self-storage facilities in the Milwaukee, WI, area from Boston, MA-based Davis Marcus Partners Inc. for $34.25 million, according to BizTimes Milwaukee. The facilities are at 1131 N. Eighth St. in Milwaukee ($13 million); 6805 S. 27th St. in Franklin, WI ($12.5 million); and 232 S….
If you look at where the self-storage development pipeline is gushing these days, you can see why some developers might be attracted to those markets while others might be repelled by them. It’s sort of a tale of two cities. A report released recently by Yardi Matrix shows that as of April 30, 2018, Nashville,…
Raleigh, N.C. June 15, 2018 — SiteLink, the global leader in cloud-based storage management software and payment processing for storage operations of all sizes, announces a new interactive site map, complete with 3D rotating views and website compatibility. The 3D Map is a major addition to myHub for the many users operating from tablets, often…
Jim Sapp, an entrepreneur in Indianapolis, IN, is ready to expand Commercial Self Storage, the company he started seven years ago that caters to business customers. He plans to add two locations this year, three more within one year and more after that. “Our niche is helping businesses with logistics and storage – and there’s…
Saratoga Springs, NY-based Prime Group Holdings LLC bought a South Carolina portfolio of four Monster Self Storage facilities from an unidentified seller for an undisclosed amount. The four facilities encompass 2,353 units with more than 326,000 gross square feet. The facilities are located as follows: 2248 N. Main St. in Summerville, SC 2711 Woodruff Road…
Demand for self-storage is growing in the Inland Northwest, which includes Spokane County, WA and Kootenai County, ID. Chester Self Storage in Spokane Valley has rented out almost all of its 350 units and plans to build another 70. “In the past 2 and a half years, growth has been exponential,” said Todd Beadle, facility…
WCSS Vashon Island 516 LLC, an affiliate of Everett, WA-based West Coast Self-Storage Group LLC, purchased Island Security Self Storage in Vashon, WA, from Vashon-based Point Robinson Properties LLC for $9 million. The facility is at 10015 SW 178th St. The amount of square footage and number of units weren’t available. Mike Patterson of Commercial Realty…
PTI Security Systems has rolled out a new security-and-access technology product that it says will go a long way towards the eventual automation of numerous other functions at self-storage facilities. Earlier this month, the Arizona-based PTI, which provides both hardware and software products tied to self-storage access and security, released its new “PTI Core,” described…
