Author: Shinil Krishnan

First of Three Recently Approved Self-Storage Sites Opens in Danbury, CT

A newly opened self-storage site on the busy west side is not only a sign of economic growth in one of the city’s leading commercial corridors, but it’s also a reaction to the shortage of space to stow belongings as more condominiums and apartments are built. The opening of Cube Smart on Mill Plain Road — the first of three recently approved self-storage facilities to come online — completes the transformation of the intersection at Aunt Hack Road that just a few years ago was home to prominent dirt lots.…

Compass Self Storage Opens State-Of-The-Art Wine Storage in Jupiter, FL

Compass Self Storage, a member of the Amsdell family of companies, proudly announces the opening of their brand new, state-of-the-art wine storage cellar, now available at their location at 50 Fredrick Small Road. Compass is also partnering with the Palm Beach North Chamber of Commerce to hold a “grand opening” ribbon-cutting event on Thursday, April 18 at 11 am. All are welcome to visit and tour the beautifully constructed wine storage area and enjoy food and drink. The high-end wine cellar was designed and built for wine enthusiasts and collectors,…

Featured Broker: Corey Rasmussen

Corey joins Storage Exchange as an experienced sales professional with a track record of success and commitment to client satisfaction. He excels in navigating complex transactions while providing strategic guidance and tailored solutions that drive value and ensure long-term success. Prior to joining Storage Exchange, Corey worked with Lyon Stahl Investment Real Estate and Convoy Capital, and has transacted on over $200 million of Commercial Real Estate assets in his career. He graduated from Southern Methodist University with a degree in Economics and Finance. Contact: Corey Rasmussen Associate corey@storageexchange.com

National Storage Affiliates Trust Announces Promotion of Melissa Cameron to Chief Marketing Officer

National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced Melissa Cameron has been promoted to Chief Marketing Officer, from her previous role of Senior Vice President of Customer Acquisitions, effective April 1, 2024. David Cramer, President and Chief Executive Officer, commented, “We are pleased to recognize Melissa’s significant contributions to NSA by elevating her to the role of Chief Marketing Officer. Melissa has played an instrumental role in the evolution of our marketing, pricing and call center operations.” Mrs. Cameron joined NSA in November 2018 as VP…

Go Store It Self Storage Expands its Footprint in Savannah, GA

Go Store It Self Storage, a subsidiary of Madison Capital Group, has opened its latest state-of-the-art self-storage facility in Savannah, Georgia. This newly opened facility, strategically located at 1110 Fulton Road in Savannah Place, contains 801 climate-controlled units. It offers secure and convenient storage solutions to meet the needs of the fast-growing community. The Savannah location is an adaptive reuse project of a former grocery store, a testament to Go Store Its commitment to revitalizing spaces into modern, secure storage facilities. Spanning 93,677 square feet, this facility promises easy access…

Building Beyond Today: Our Quest to Sustainability

William Warren Group owns and operates StorQuest Self Storage, a thriving portfolio of modern, innovative self-storage properties across the United States. We’ve always been passionate about making the world a better place. Now, we’re thrilled to announce the recent launch of our inaugural Impact Report, which highlights our progress across Environmental, Social, and Governance (ESG) pillars and our strategies in building toward a safer, healthier, and more sustainable future. The report documents how we’re innovating in areas like carbon emissions, energy, water use, and workforce diversity. We also include new…

Recent Transactions: 4.09.2024 – 4.15.2024

Property: AC Self Storage Location: Colorado Springs, CO Buyer: SmartStop Self Storage REIT, Inc. Brokers and Brokerage: Adam Schlosser and Keith Phillips of The LeClaire-Schlosser Group of Marcus & Millichap Square Feet: 77,720 Unit Count: 77,720 Highlights: Consists of 16 single-story buildings Well-appointed leasing office with retail display Security monitoring Perimeter fencing High door units Expansion potential Wide drive aisles Premium elevated signage at all ingress/egress point   Portfolio: Four Self-Storage Properties Locations: Atlanta, GA and Montgomery, AL Closing Deal: $25.5 Million Buyer: IPC Alternative Real Estate Income Trust, Inc.…

StorageMart Opens Two Self-Storage Facilities in Greenwood, IN and Columbia, MO

StorageMart, a family-owned self-storage business, has announced the purchase of two more sites in Columbia, Missouri, and Greenwood, Indiana. With the two new self-storage facilities, the company expands in its hometown of Columbia and the rapidly developing Indianapolis area. StorageMart began operating facilities in 1999. The new facility in Columbia, MO, situated at 1500 Creekwood Parkway, has 312 storage units with drive-up access and parking spots designed specifically for car storage. It spans 42,200 square feet. A total of 238 drive-up self-storage units with indoor car parking, gated pin pad…

U-Haul Plans to Open its First Company-Owned-and-Operated Store by 2026 in Junction City, KS

U-Haul® is pleased to announce plans for a new retail, moving and self-storage center at East Ash Street & East Vine Street in Junction City after the recent purchase of 12.9 acres. U-Haul Moving & Storage of Junction City is scheduled for completion as early as spring 2026. This will be the first U-Haul-owned-and-operated facility in Junction City. Plans call for a pair of three-story facilities totaling 900 indoor, climate-controlled self-storage units providing high-end security features at affordable prices. In addition, the facility will offer truck and trailer sharing, U-Box…

Spartan Investment Group Closes Deal on New Ground-Up Self-Storage Development in Port Wentworth, GA

Spartan Investment Group (Spartan), a Colorado-based privately held real estate investment firm specializing in the self-storage industry, announced that it has closed on a new ground-up self-storage development in Port Wentworth, Georgia, expanding its portfolio into the growing Savannah market. “Having seen substantial economic and population growth, the expanding need for self-storage in the Savannah market is undeniable. Our team is ready to meet that demand with a new state-of-the-art facility in Port Wentworth,” said Ryan Gibson, CIO and Co-Founder at Spartan. “With this development, we’re not just building a…