Day: April 15, 2025

Byline Bank Funds $9.25 Million Office-to-Self-Storage Adaptive Reuse Project in Lombard, IL

Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $9.25 million loan with LSC Development to fund the conversion of a 2000 vintage office building, prominently located at the intersection of I-355 and North Avenue, into a fully climate-controlled, state-of-the-art self-storage facility. The 103,109-square-foot building, located on a 10.5-acre site at 665 W. North Avenue in Lombard, Ill., will be transformed into a 67,853-square-foot Class A, climate-controlled self-storage facility and provides 64 secured surface parking spaces for both RVs and regular vehicles across 14,800 square feet. Two loading…

8G Storage Management, LLC Proposes a New Self-Storage Facility in Bethel, NY

A proposal for a self-storage facility by 8G Storage Management, LLC, at the intersection of NYS Rte 17B and Pine Grove Road in Bethel was the topic of a public hearing held at the Bethel Planning Board meeting Monday, April 7. The 3.08 acre, three-lot site will consist of six 3,600 square foot structures accessible by a paved entrance onto Pine Grove Road, if approved. The Planning board took no action last Monday, but will resume the public hearing on July 7, allowing the Planning Board time to review all…

Recent Self-Storage Transactions: 04.08.2025 – 04.14.2025

Recent self-storage transactions highlight varied strategies, from acquisitions in growing markets to developments in under-supplied areas. Operators leverage automation, prime locations, and local demand to drive immediate and long-term growth.   Property: Grand Storage Location: Butte, Montana Year Constructed / Expanded: 2004 / 2023 Brokers and Brokerage: Jordan Farrer (First Vice President of Investments – Salt Lake City office) and Adam Schlosser (Senior Managing Director – Denver office) of The LeClaire-Schlosser Group of Marcus & Millichap Acreage: 3.41 acres Square Feet: 33,980 Unit Count: 266 units Highlights: Grand Storage in…

Eastern Union Secures $9,424,405 to Refinance Renovation Project That Will Deliver 43,000-Square-Foot Self-Storage Facility and 55,000 Square Feet of Retail Space in Springfield, VT

Eastern Union, one of the country’s largest commercial mortgage brokerages, has arranged $9,424,405 in construction-to-permanent refinancing for the first stage of a multi-phase renovation project at 100 River Street in Springfield, VT. This portion of the initiative will create a 43,000-square-foot self-storage facility and 55,000 square feet of retail space. Springfield is located along the Black River about 95 miles northeast of Albany, NY and about 130 miles northwest of Boston. The renovation is being undertaken by Integrity Community Partners, LLC based in San Diego, CA with offices in New…

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…