Day: January 10, 2025

Andover Lending Provides $21 Million Construction Loan for Texas Self Storage Project

Andover Lending, a platform that seeks to originate non-recourse financing for self-storage sponsors nationally, today announced that it has provided a $21 million construction loan to a joint venture between LaTerra Development and Platinum Storage. The loan will fund the redevelopment of a former retail location in Irving, Texas, into a Class-A self-storage facility. Located at 2488 Market Place Blvd. – a prime location immediately adjacent to a Home Depot and a to-be-developed H-E-B supermarket – the 195,000-square-foot, multi-story facility will feature climate-controlled units along with drive-up and enclosed RV…

New U-Haul Facilities Next to Existing Self-Storage Approved on Spencer Street in Manchester, CT

Town officials approved a plan for U-Haul to expand its presence on Spencer Street with two new storage buildings. The project site encompasses 7.12 acres of land between 77 and 113 Spencer St. in Manchester, next to the company’s self-storage facility and across the street from developments like Connect55+, Squire Village and a planned auto body shop. After receiving a unanimous approval from the Planning and Zoning Commission at its meeting Monday night, U-Haul plans to construct two buildings: a three-story, 36,419-square-foot retail hub and customer storage facility located along…

County Planners Approve Proposal for Self-Storage Business in Frederick County, MD

A self-storage unit business received Frederick County Planning Commission approval on Wednesday for a new facility planned near Adamstown. The project is for 44,000 square feet of indoor storage space on a 6.7-acre site at Stanford Industrial Park on Winchester Street, according to county documents. The plan submitted by 29 Stanford LLC, the applicant, is for four buildings. The main building would be 4,000 square foot and one story. The plan calls for two additional two-story buildings each with 16,000 square feet of storage. There would also be an 8,000-square-foot…

National Storage Partners Unveils New Brokerage Brand And Leadership Team

Founding member Hans Hardisty, CCIM, MBA welcomes national directors Nicholas J. Malagisi, SIOR and Connie Neville, JD to the executive team.” National Storage Partners is thrilled to announce the launch of its new brand and the formation of an exceptional leadership team dedicated to providing unparalleled brokerage and consulting services in the self-storage industry. Founding member Hans Hardisty, welcomes national directors Nicholas J. Malagisi, SIOR and Connie Neville, JD to the executive team. Each of these industry leaders brings a wealth of experience, positioning National Storage Partners as a premier…