Day: January 21, 2025

Strasburg Council Approves Storage Use for Former Northern Virginia Daily Building in Strasburg, VA

The Strasburg Town Council settled the fate of the former Northern Virginia Daily building Tuesday, approving a special use permit allowing it to be used for storage. The decision comes with some stipulations, as the motion for approval requires no more than 49% of the building’s floor space be used for storage and prohibits that storage space from occupying the first 40 feet along Holliday Street. These conditions will allow the building to retain its primary function as a commercial storefront. “The storage use isn’t really a self-storage in a…

Sentinel Self-Storage Opens Fifth Facility in Sherwood, OR

A new Sentinel Self-Storage facility has opened in Sherwood at 15200 S.W. Century Drive. The state-of-the-art facility at 15200 S.W. Century Drive marks the fifth location in the city, built by Langer Family LLC. “The facility brings modern, secure storage solutions to the community, meeting a wide range of needs with convenience and quality,” said a news release about the new space. “The facility features 677 storage units, offering a total of 68,460 rentable square feet.” Amenities include advanced security systems, flexible access hours and online rental capabilities. Retail and…

Cohen Investment Group Lands Refinance for Virginia Self Storage in Virginia Beach, VA

Cohen Investment Group has secured a $51.5 million refinancing loan for Castleton Commerce Center, a 470,618-net-rentable-square-foot flex storage complex in Virginia Beach, Virginia. Eastern Union’s Mid-Atlantic Group Senior Managing Director David Merkin arranged the fixed-rate refinancing loan through Bank of America, on behalf of the borrower. Merkin was the one to secure bridge financing for CIG when the company acquired the facility in 2021. CIG purchased the property from Prime Group Holdings for $58.8 million, with the help of a $58.2 million loan originated through the Chicago office of Prime…

Absolute Storage Management to Provide Professional Self-Storage Management for Smart Storage Facility in Lenexa, KS

Brand new development of Smart Storage is bringing professional self-storage management to the city of Kansas. The facility is located at 8600 Maurer Road, Lenexa, KS 66219. This facility is comprised of 695 units totaling 91,440 rentable square feet, providing safe and secure climate-controlled unit options to the local communities of Lenexa, Summerhill, Pointe West, Maple Falls and Brookwood Place. Smart Storage Lenexa LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services and the facility is officially under Absolute’s management as of December 10, 2024.…

U-Haul Opens New and Improved Full-Service Center in Schofield, WI

U-Haul is once again serving customers at 141 Grand Ave. in Schofield after leveling its old store and constructing two new buildings to better meet the residents of Marathon County. U-Haul Moving & Storage of Wausau, which sits on 4.8 acres, now welcomes customers with a beautiful three-story self-storage center that includes access to a variety of 569 indoor climate-controlled and heated storage units with high-tech security features at affordable price points. A new U-Box warehouse offers capacity for 1,000 of the Company’s portable moving and storage containers. U-Haul of…

Major Developer Closes on Land for Class A Self-Storage in Deer Park, IL

Hernandez Development & XSITE Real Estate have successfully closed on a 6-acre parcel of land in Deer Park, Illinois, for a future Class A self-storage facility. The acquisition price for the site was $2,000,000. Deer Park will be the fourth self-storage property in Hernandez Development’s portfolio within the Chicago MSA, joining two operational facilities in Oswego and Bolingbrook, as well as a self-storage project currently under construction in Carol Stream. Key Highlights: Location: 6-acre parcel adjacent to Deer Park Town Center and across from Kildeer Marketplace on Rand Road/U.S. 12,…

StoreEase and Reliant Announce a Two-Year Renewal and Continued Expansion of StoreEase Saas (Software-as-a-Service) Platform

StoreEase and Reliant (Midgard Self Storage) are excited to announce the renewal and continued expansion of their partnership, extending their implementation of StoreEase’s Virtual Technology solution for an additional two years. The renewed commitment follows the success of the initial rollout and has expanded to 97 stores. Reliant’s hybrid operational model leverages StoreEase’s proprietary hardware and software to empower Virtual Managers® to the entire Midgard portfolio and properties of all sizes. Todd Allen, Managing Principal for Reliant, expressed his enthusiasm for the partnership renewal, stating, “We are excited about the…

Rising Operational Costs in 2025? 4 Ways Operators are Offsetting the Pain

While we know that for many self-storage operators, property taxes in their markets continue to create challenges, many others are also experiencing the strain of inflation and other increased operational costs. But at Janus International, we’re seeing some solid strategies that are working for our customers. Read on for tools and ideas that can help offset increasing costs within the self-storage industry. Payroll: When was the last time you “audited” your site for the most frequented times of the day? What did you find? Are you making your technology work…

Recent Transactions: 01.14.2025 – 01.20.2025

Recent self-storage transactions reflect a mix of strategic activity across development, value-add, and stabilized asset opportunities. Transactions included Class A developments, fully entitled sites in growth markets, and acquisitions in high-density areas with limited supply, such as New Jersey. Value-add deals also stood out, with facilities offering operational diversity or future expansion potential, highlighting the sector’s steady focus on balancing growth opportunities in emerging markets with reliable investments in established areas.   Property: TCJ Storage Solutions & Commercial Suites Location: St. Cloud, MN Brokers and Brokerage: Tom Flannigan, Alex Ihrke,…