Author: Alison DeJaeger

Janus International Completes Merger to Become Public Company

Janus International Group, a manufacturer of doors and other products for self-storage and industrial facilities, has joined the small cadre of publicly traded companies in the self storage industry. Janus’ stock started trading June 8 on the New York Stock Exchange. The stock opened the day at $14 per share and closed at $13.89 per share. In December, Janus executives estimated the stock listing would lead to a market capitalization of $1.4 billion and an equity valuation of $1.9 billion. A ‘blank check’ merger Temple, GA-based Janus went public through…

The Williams Storage Group of Marcus & Millichap Sells Almighty Storage in Denham Springs, LA

The Williams Storage Group of Marcus & Millichap is pleased to announce the recent closing of Almighty Storage in Denham Springs, Louisiana. Almighty Storage is a mix of 452 non-climate, 174 climate-controlled units and 53 spaces for boats and RVs within a little more than 84,000 rentable square feet. The facility is well located on LA-16 amongst a busy commercial corridor. Every deal has its fair share of speedbumps and this one was no exception; however, it was a fun deal to work on because it was a good property,…

Andover Properties Closes on “CubeSmart Self Storage” in Phoenix, AZ

Andover Properties, LLC (dba Storage King USA) has recently acquired CubeSmart Self Storage in Phoenix, AZ, marking its third acquisition in the Phoenix MSA and eighth in the state. The 72,388 NRSF multi-story property, which opened in September 2018, is 100% climate controlled. The property is well situated at the intersection of W Glendale Ave and N 19th Ave, which see over 40,000 and 29,000 vehicles per day, respectively. “This property is one of the top Class A assets in the market and helps to bolster our Phoenix portfolio offerings,…

National Storage Affiliates Trust Added to S&P MidCap 400 Index

National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced that the Company will be added to the S&P MidCap 400 Index effective prior to the open of trading on Friday, May 14, 2021. Tamara Fischer, President and Chief Executive Officer, commented, “We are pleased to have National Storage Affiliates gain inclusion on the S&P MidCap 400 Index. The move to the MidCap 400 index from the SmallCap 600 index acknowledges the exceptional growth NSA has realized over the past few years. We look forward to continuing to…

Bellomy & Co. Announces the Sale of Class “A” Five-Property Self Storage Portfolio

Bellomy & Co. announced the sale of a five property portfolio of self storage facilities in the Dallas / Fort Worth MSA. The class “A” facilities were built to the highest of institutional quality standards and included extra land for immediate expansions of the properties. The portfolio totaled 1,736 units and 329 parking spots spread over 278,840 rentable square feet. The properties are located in the fast growing cities of Aubrey, Crowley and Wylie. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Dallas, Texas based seller. Bellomy…

Bellomy & Co. Announces the Sale of Cornerstone Storage Portfolio in Iowa

Bellomy & Co. announced the sale of the three property Cornerstone Storage Portfolio in Iowa. Each property is located northeast of Omaha/Council Bluffs MSA. The portfolio is comprised of 309 non-climate units and 45,000 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Cornerstone Storage LLC, the Nebraska based seller. Bellomy & Co. also procured the Missouri and Pennsylvania undisclosed buyers. Bellomy & Co. is an Austin and Houston based commercial real estate firm with a team exclusively focused on the self storage industry. For more information, please…

Website Design Elements for Self Storage

Website design is important for the self storage industry. An effective website should be built with a sound technical build-out. This provides a foundation for success and gives you a solid base to build off of as you progress through the website design process. Sound Technical Build-Out The technical aspect of your website should not be ignored! Your goal should be to prioritize page speed, security and device compatibility or responsiveness. Your website CAN’T be slow when loading content or pages for a few reasons: Your visitors will become frustrated…

One Stop Self Storage Grand Re-Opening Event

One Stop Self Storage is pleased to announce that it will hold a Grand RE-Opening Event for its newly owned facility. This event will take place onsite the facility located at 155 South Superior Street Toledo, OH on Tuesday, June 8, 2021, at 11:30 AM. “We are excited to be hosting this event for the community. This will officially mark our store opening and will give the community an opportunity to see the new location and meet the Property Owner(s), and Property’s Managers,” said Regional Manager Heather Hughes-Meek. This 59,243…

Janus International Secures Contracts with Strat Property Management Inc. and SmartStop Self Storage to Implement Nokē® Smart Entry Solutions

Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) portfolio company Janus International Group, LLC (“Janus” or the “Company”), a leading global manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage industry, announced today that two of the largest independent self storage owner operators in North America have signed agreements to implement its Nokē® Smart Entry (“NSE” or “Nokē”) smart access control and security solutions. Strat Property Management, Inc., (“SPMI”), a real estate and management firm primarily focused in the self- storage and…