Author: Shinil Krishnan

Janus International Group Announces Acquisition of Terminal Maintenance and Construction

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced its acquisition of Terminal Maintenance and Construction (“TMC”), a premier provider of terminal maintenance services for the trucking industry in the Southeast. While initially continuing to focus on commercial customers, TMC’s integration will ultimately help support the growth of Janus’s Facilitate division, which offers complete facility maintenance services. Headquartered in Madison, Georgia, TMC’s offerings include trucking terminal…

Thomas de Jong, SIOR, Executive Vice President of the National Self Storage Team at Colliers, Receives SIOR Top 2023 Transaction Award

Thomas de Jong, SIOR, was recently honored by the Society of Industrial and Office Realtors® (SIOR), which represents the world’s elite in industrial and office brokerage, for its 2023 Top Transaction Awards in the category of Largest Alternative Space. The awards, given annually to SIOR members who complete the largest transactions with one or more additional SIORs, demonstrate the power of the exclusive SIOR network. The sale of 97,600 square feet of space located in Bakersfield, California closed at $9.1 million. de Jong, SIOR, executive vice president of the National…

SecureSpace Announces Opening of New Self-Storage Facility in Los Angeles, CA

SecureSpace Self Storage announced the grand opening of a new self-storage facility, SecureSpace Los Angeles Avalon, located in and serving the city of Los Angeles, CA. The newly-built Class A facility is strategically located at 6500 Avalon Boulevard and offers 89,127 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5′ to 10’x25′. The facility sits on the heavily trafficked Avalon Boulevard, less than one mile from the 110 Freeway, where 27,000 vehicles pass by daily, in a dense residential area with a three-mile population of 500,000. The…

U-Haul Plans to Convert Former Kmart Site into Moving and Self-Storage Facility in Kenton, OH

U-Haul is revealing plans for a former Kmart building at 1005 E. Columbus St. in Kenton that it purchased back on February, 9. The 11-acre property is being repurposed for a contemporary retail, moving and self-storage facility as part of the U-Haul Adaptive Reuse program. U-Haul Moving & Storage of Kenton and its 95,000 square feet are currently being converted to provide customers access to 720 indoor climate-controlled self-storage units with high-tech security features at affordable price points. While the building makeover takes place, DIY moving products like truck and…

Recent Transactions: 5.14.2024 – 5.20.2024

Property: Cherry Ave Self Storage Location: Fresno, CA Address: 1844 S Cherry Avenue, Fresno, California Closing Deal: $8.2 Million Year Built & Expanded: 1918 & 2022 Buyer: PSC Fresno, LLC (an affiliate of Pratt Street Capital, LLC) Broker and Brokerage: Brian Somoza of the Investment Sales and Advisory team of JLL Capital Market Acreage: 5.74 acres Unit Count: 1,085 units Vehicles Per Day: 1,000 Highlights: Consists of a three-story building and 12 one-story buildings Drive-up units Freight elevators Boat and RV parking Newly renovated office (262 square feet)    …

$108M Financing Closed For 13-Property Self-Storage Portfolio in the Dallas-Fort Worth Metroplex, TX

JLL Capital Markets led the financing effort on behalf of Hines and Trez Capital JLL Capital Markets announced today that it has arranged $108 million financing with New York Life Real Estate Investors for a 13-property, self-storage portfolio located throughout the Dallas-Fort Worth Metroplex. On behalf of the borrower, a joint venture between Hines and Trez Capital, JLL Capital Markets arranged the five-year, fixed-rate loan through New York Life Real Estate Investors, who was able to provide an early rate lock, interest-only payments and prepayment flexibility early in the loan…

MegaCenter USA is Offering Premier Self-storage Unit Rentals and Office Space in Brickell, Miami, FL

This moving season, Megacenter USA is all set to meet the diverse needs of its clients, offering its safe, secure, and flexible Self-storage Unit Rentals and Office Space in Brickell, Miami – Florida. Whether someone is moving, operating a business, or just needs a seasonal storage space, MegaCenter USA’s Brickell, Miami location would be an ideal place to fulfill their needs. MegaCenter USA storage rental provides optimal solutions for those in transition, whether they’re downsizing to a sleek Miami apartment or expanding their business operations in the Magic City. With…

Featured Broker: Ian Lindahl

Ian Lindahl is an Investment Associate focused on the sale, acquisition, financing, research, and advisory services of institutional quality self-storage assets in the Northeast, Mid-Atlantic, and Southeast regions of the United States. With over a decade of sales experience, Ian can adapt and understand what his client’s needs are to help them achieve their goals. Ian believes that concentrating on a specialized niche and forging strong client relationships are the foundation of exemplary advisory services. His understanding of relationships in the industry and being available at all times makes him…

New Self-Storage Facility to Open in Redmond, OR

Ironside Storage is pleased to announce its new, state-of-the-art self-storage facility in Redmond, Oregon will open May 15. The facility, located at 2260 SW 6th St near Redmond Municipal Airport, features a total of 549 storage units encompassing 79,198 rentable square feet. The facility was designed by Designhaus Architects, based in Auburn Hills, MI, and developed by BECON Civil Engineering & Land Surveying, based in Bend, OR. Uprite Construction from Irvine, CA, oversaw the construction. The operations will be managed by West Coast Self-Storage Group, headquartered in Everett, Washington. Ironside…

U-Haul Moving & Storage of South Goldenrod is now Open in Orlando, FL

U-Haul Moving & Storage of South Goldenrod sits on 2.08 acres and offers 664 indoor climate-controlled self-storage rooms and 22 drive-up units, all of which include high-end security features at affordable price points. Storage customers can utilize drive-in spaces for covered load/unloading to have shelter from the weather. Customers also have access to moving trucks, boxes, moving supplies, retail self-checkout and more. U-Haul acquired the property on April 26 after having agreed to buy it from Golden Storage LLC® in the final stages of development. Normal business hours are 8…