Joseph’s Catering Transforms into a Self Storage Facility in Horsham, PA

Work has begun on transforming the longtime business into a self-storage facility on Horsham Road. The former Joseph’s Catering property on Horsham Road is beginning its transformation into a self-storage facility. Construction has begun to tear down the building and make way for a self-storage facility at 901 Horsham Rd. next to Hatboro-Horsham High School. The three-story, 120,000-square-foot building, which sits on 5.68 acres, will be for personal storage with businesses prohibited from storing equipment and such. Street lamps will also be added along Horsham Road from Babylon Road to…

Highline Storage Partners Launches Strategic Joint Venture with Heitman to Invest in Self-Storage Development and Acquisitions Throughout The United States

Highline’s joint venture with Heitman represents a unique and powerful new investment partnership in the self-storage industry,” said Key Foster, CEO of Highline Storage Partners. “We expect to accelerate our already active pace of investment significantly in the coming years.” Highline Storage Partners (“Highline”), an affiliate of Highline Real Estate Partners, announced today the formation of a new strategic joint venture with Heitman and an institutional investor advised by Heitman to invest in self-storage development and acquisitions throughout the United States. The partnership was seeded with a recapitalization of five…

U-Haul Opens New Climate-Controlled Self Storage in Marietta, GA

U-Haul opened a new 694-room indoor self-storage facility last week in Marietta to better meet the demand of Cobb County residents. U-Haul Storage at Canton Road at 858 Piedmont Road sits on 2.2 acres and is located next door to parent store U-Haul Moving & Storage at Canton Road (2800 Canton Road #2000), where customers can find truck and trailer sharing, hitch installation and towing accessories, propane refills, and moving supplies inside a retail showroom. The new two-story facility holds nearly 700 indoor climate-controlled storage units with high-end security features…

Extra Space Storage Inc. Has Acquired Yellow Door Storage – Northgate in Denton, TX

Extra Space Storage Inc. has acquired Yellow Door Storage – Northgate, a 520-unit self storage facility in Denton, Texas, from NorthBridge Realty Holdings. JLL represented the seller and procured the buyer. The self storage facility is currently subject to a $5.3 million construction loan originated by Washington Federal Bank in 2021. JLL Capital Markets Managing Directors Steve Mellon and Brian Somoza, together with Directors Adam Roossien and Matthew Wheeler, worked on behalf of the NorthBridge in securing the deal. Yellow Door Storage – Northgate, up close The 65,600-rentable-square-foot facility came…

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,…