A vacant Grand Union supermarket at 170 Clay Pond Road in Monument Beach, MA, may become a self-storage facility. Project developers propose to renovate the former grocery store, plus build a two-story, 15,000-square-foot addition next to lt. In total, there would be 105,660 square feet for storage. In addition, they have proposed 35,600 square feet…

It’s a particularly hot time in Northeast Florida these days for the self-storage industry, with more than a dozen facilities proposed or under development. Scherer Construction alone is working on seven such projects. “Both our youngest and oldest adult populations are in a transitional state,” said Michael Biagini, vice president at Scherer. “The younger is…

Prime Storage Group, one of the country’s largest privately held owners and operators of self-storage facilities, is refinancing debt through a CMBS loan package totaling $278 million. This transaction is backed by two fixed-rate loans collateralized by 49 facilities in 17 states that are owned and operated by Saratoga Springs, NY-based Prime Storage Group, according…