Day: May 20, 2024

Janus International Group Announces Acquisition of Terminal Maintenance and Construction

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced its acquisition of Terminal Maintenance and Construction (“TMC”), a premier provider of terminal maintenance services for the trucking industry in the Southeast. While initially continuing to focus on commercial customers, TMC’s integration will ultimately help support the growth of Janus’s Facilitate division, which offers complete facility maintenance services. Headquartered in Madison, Georgia, TMC’s offerings include trucking terminal…

Thomas de Jong, SIOR, Executive Vice President of the National Self Storage Team at Colliers, Receives SIOR Top 2023 Transaction Award

Thomas de Jong, SIOR, was recently honored by the Society of Industrial and Office Realtors® (SIOR), which represents the world’s elite in industrial and office brokerage, for its 2023 Top Transaction Awards in the category of Largest Alternative Space. The awards, given annually to SIOR members who complete the largest transactions with one or more additional SIORs, demonstrate the power of the exclusive SIOR network. The sale of 97,600 square feet of space located in Bakersfield, California closed at $9.1 million. de Jong, SIOR, executive vice president of the National…

SecureSpace Announces Opening of New Self-Storage Facility in Los Angeles, CA

SecureSpace Self Storage announced the grand opening of a new self-storage facility, SecureSpace Los Angeles Avalon, located in and serving the city of Los Angeles, CA. The newly-built Class A facility is strategically located at 6500 Avalon Boulevard and offers 89,127 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5′ to 10’x25′. The facility sits on the heavily trafficked Avalon Boulevard, less than one mile from the 110 Freeway, where 27,000 vehicles pass by daily, in a dense residential area with a three-mile population of 500,000. The…

U-Haul Plans to Convert Former Kmart Site into Moving and Self-Storage Facility in Kenton, OH

U-Haul is revealing plans for a former Kmart building at 1005 E. Columbus St. in Kenton that it purchased back on February, 9. The 11-acre property is being repurposed for a contemporary retail, moving and self-storage facility as part of the U-Haul Adaptive Reuse program. U-Haul Moving & Storage of Kenton and its 95,000 square feet are currently being converted to provide customers access to 720 indoor climate-controlled self-storage units with high-tech security features at affordable price points. While the building makeover takes place, DIY moving products like truck and…

Featured Broker: Logan Foster

Logan Foster is an Associate on the Investment Sales Team at Versal, based in the Austin, Texas office. Specializing exclusively in self-storage, she has successfully facilitated the acquisition and disposition of assets for a range of clients, from private investors to publicly traded REITs, across most regions of the United States. Logan joined Versal as a licensed real estate professional in 2022 and has since developed substantial expertise in acquisitions and dispositions, self-storage evaluation and consulting services, and financial analysis. She values the relationships she has built within the industry…

Recent Transactions: 5.14.2024 – 5.20.2024

Property: Cherry Ave Self Storage Location: Fresno, CA Address: 1844 S Cherry Avenue, Fresno, California Closing Deal: $8.2 Million Year Built & Expanded: 1918 & 2022 Buyer: PSC Fresno, LLC (an affiliate of Pratt Street Capital, LLC) Broker and Brokerage: Brian Somoza of the Investment Sales and Advisory team of JLL Capital Market Acreage: 5.74 acres Unit Count: 1,085 units Vehicles Per Day: 1,000 Highlights: Consists of a three-story building and 12 one-story buildings Drive-up units Freight elevators Boat and RV parking Newly renovated office (262 square feet)    …