Adam Williams, a businessman in Lawrence, KS, has purchased the former Bargain Depot on 23rd Street in that city, and plans to convert that building into a 20,000-square-foot self-storage space. Another party is converting another 23rd Street retail property into the 33,000-sf University Self-Storage, at the Southern Hills Shopping Center. Absolute Storage Management will operate…

Saratoga, NY-based Prime Group Holdings continues its high-priced acquisition streak in New York City with the $26.5 million purchase of two adjacent facilities in Queens. The properties at 109-09 180th Street and 180-05 110th Avenue span a combined 106,000 square feet. The property previously operated as a Treasure Island Storage facility and was sold by Cayre…

Larkspur Properties, which is renovating the Yankee Station shopping center in Washington Township, OH, plans to build a self-storage facility there. Larkspur owner David Bernstein bought the center, 1510-1530 Miamisburg-Centerville Road, for nearly $2 million in November 2017. Source: WHIO Washington Twp. center that houses Original Pancake House will be renovated to lure new businesses…

Investors are still investing steadily in self-storage, although the rates of growth have slowed compared to recent years, according to CBRE’s latest Self-Storage Investor Survey. In conducting the survey, CBRE interviewed more than 50 market participants including buyers, brokers, owners (small and large operators including REITs, national and regional owners), investors, lenders and REIT analysts….

For years, institutional investors and equity funds mostly shied away from the self-storage sector. In 2015, they represented just 5 percent of self-storage acquisitions of at least $2.5 million, data from Marcus & Millichap Research Services and Real Capital Analytics shows. But the institutional tide keeps turning in self-storage. Through August of this year, institutional…

Avid art collector Steven Guttman, who’s founder and chairman of self-storage developer and operator Storage Deluxe Management Co., is crafting a lucrative business out of the art and science of storing fine art, couture clothing and collectibles. The high-end storage provider that Guttman founded, New York City, NY-based UOVO, is gearing up to open its…

A farmer’s market in Kensington, MD, may be making way for a self-storage project. 1784 Capitol Holdings LLC, a real estate developer, has proposed self-storage on a 1-acre property at 10619 Connecticut Ave., where a farmer’s market currently operates. It’s proposing a five-story building with 140,648 square feet, including 5,000 square feet on the first…

An unidentified self-storage owner and manager purchased Choice Storage in Key West, FL, for $23.8 million from an unidentified seller. The facility, which sits on 6 acres at 2600 N. Roosevelt Blvd., offers 55,000 rentable square feet. The number of units wasn’t available. Marietta, GA-based Southeastern Business Intermediaries LLC and Stuart, FL-based Jeremiah Baron &…