Day: May 27, 2024

Storage Authority Welcomes Kevin Harless to the Team as the Director of Development

To meet Storage Authority’s rapid expansion demands, we continue to employ the industry’s most talented experts from the self-storage trenches. Join us in welcoming Kevin Harless to the Storage Authority team as the Director of Development. “Kevin’s over 15 years of experience at U-Haul and self-storage consulting brings incredible value to our franchisees.” Marc Goodin Kevin’s extensive experience in self-storage development, knocking on doors, technology, and property acquisitions will bring the Storage Authority development platform to new heights. Storage Authority is the only self-storage franchise in the US. They have…

Andover Properties Announces Andover Storage Lending, a Program to Finance Self Storage Sponsors Nationally (USA)

Andover Properties is pleased to announce the launch of Andover Storage Lending, a program to originate non-recourse financing for self-storage sponsors nationally. Andover Storage Lending will provide bridge and construction financing for up to 90% of value without requiring third-party management or bank deposits. The program’s originated its first loan origination to Madison Capital | Go Store It to refinance a Class A self-storage facility located in Richmond, VA. Several other loans in negotiation are expected to close in Q2. Brian Cohen, President and CEO of Andover Properties, said, “Our…

U-Haul Announces Plans for a Self-Storage Facility in North Buford, GA

U-Haul® is announcing plans for a state-of-the-art retail, moving and self-storage facility at NE Peachtree Industrial Boulevard in North Buford. U-Haul Moving & Storage of North Buford is scheduled for completion by spring 2026. The property was acquired in March. The facility will house a modern retail showroom and more than 800 indoor, climate-controlled self-storage units with high-tech security features at affordable price points. Customers will also have access to truck- and trailer-sharing services, towing equipment and professional hitch installation, U-Box® portable storage containers, boxes and moving supplies, propane and…

Citizen Storage Management Takeover Two New Self-Storage Property to Expand into Cape May, NJ and Stevens, PA

Citizen Storage Management, an industry leader in third-party self-storage facility management, proudly announces the management takeover of two new properties located at 500 N Wildwood Blvd, Cape May Court House, NJ 08210, and 1802 N Reading Rd, Stevens, PA 17578. The New Jersey property was taken over on January 25, 2024, while the Pennsylvania property joined the Citizen Storage portfolio on May 8, 2024. Citizen Storage Management excels in transforming the self-storage business by implementing cutting-edge technology and advanced management tools. These innovations streamline daily operations, significantly enhancing efficiency and…

Go Store It Opens Self-Storage Facility in Pico Rivera, CA

Go Store It Self Storage, an affiliate of Madison Capital Group, has opened a storage facility in Pico Rivera, California. Farmers and Merchants Bank of Long Beach provided $10 million in construction financing last year. Despite a historical track record of Pico Rivera prohibiting the development of new storage facilities, Go Store It managed to collaborate with city officials and sway them toward granting the firm the needed permits, Go Store It Development Partner Adam Lentz said in prepared remarks. The property provides 48,000 square feet of rentable space, encompassing…

Talonvest Capital Negotiates $36.8 Million Bridge Loan for a Self-Storage Facility in Hawthorne, CA

Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, and its long-standing client, 1784 Holdings, are pleased to announce the closing of a $36,800,000 bridge loan for a self-storage facility in Hawthorne, CA. The property benefits from high exposure in an underserved market and is located in the heart of Hawthorne’s busy industrial base. The non-recourse bridge loan included a 3-year term with two extension options and full-term interest-only payments. The financing was funded by a unique lending program. Chairman and CEO of 1784 Holdings, Shane Albers,…

Newberry Board of Adjustment Approves Storage Facility Expansion in Newberry, FL

  The Newberry Board of Adjustment met following the April 22 Newberry City Commission meeting to consider a site and development plan for Ultimate Boat, RV and Mini Storage Expansion. The property is located on the south side of State Road 26/West Newberry Road, between Southwest 218th Street and Southwest 226th Street. The application was brought to the City by eda consultants, inc.’s Director of Planning Clay Sweger, acting on behalf of Todd Russo, operator of Tibbets Land Holdings, LLC. Newberry Principal Planner Jean-Paul Perez presented the site and development…