Recapitalization Completed for Newly Constructed Self Storage Facilities in SoCal

JLL Capital Markets announced today that it has arranged the recapitalization of two newly constructed self storage facilities totaling 1,975 units in the San Diego and Los Angeles metropolitan areas of California. JLL recapitalized the properties on behalf of the seller, Baranof Holdings. Clarion Partners is Baranof’s new partner, buying out the ownership stake previously held by another partner of Baranof, Invesco Real Estate, a global real estate investment manager. Lemon Grove Self Storage is located at 8016 Broadway in the Lemon Grove area of San Diego, immediately east of…

Hot Properties: Six New Self Storage Facilities to Be Built in the Bradenton Area

Massive self-storage units seem to be everywhere in the Bradenton area these days and more are coming. Developers recently filed paperwork with Manatee County Development Services to build three more within a two-mile span off State Road 64 East: ▪ Largo Lifestorage plans to build a three-story, 132,500-square-foot facility at 911 64th St. Ct. E., on the southwest corner of Interstate 75 and S.R. 64 near Wendy’s. ▪ Core Suncoast LLC plans to build a three-story 89,910-square-foot facility at 8030 State Road 64 E., across the road from a Dairy…

RecNation Expands Midwestern Footprint with Acquisition of New Storage and RV Repair Facility in Kansas City, Kansas

RecNation Storage (“RecNation” or the “Company”), a leading owner, operator and developer of specialized recreational vehicles and marine storage facilities, today announced it has completed the acquisition of a state-of-the-art storage facility in Shawnee, Kansas, marking the Company’s inaugural location in the Kansas City metropolitan market. The new facility, located at 25105 W 43rd Street in Shawnee, is just 20 miles west of central Kansas City in the Overland Park area and will provide outdoor enthusiasts across the region with access to premier recreational storage services. The facility will be…