JLL Capital Markets arranged the construction financing for the 98,310-square-foot, to-be-built facility located at 16136 North Pima Road.” JLL Capital Markets announced today that it has arranged the $17.5 million construction financing for a to-be-built, Class A, self-storage facility located in Scottsdale, Arizona. JLL worked on behalf of the borrower, Clear Sky Capital, to secure a loan through Enterprise Bank and Trust. With an anticipated completion of Q3 of 2025, the four-story, institutional-quality facility will include 1,051 climate-controlled self-storage units and 15 luxury collector car/recreational vehicle storage spaces. It will…
Author: Shinil Krishnan
Recent Transactions: 2.27.2024 – 3.04.2024
Portfolio: 2704 South Church Street and 149 Veterans Parkway Portfolio Location: Murfreesboro, TN Seller: KOSF II – Murfreesboro, LLC Buyer: 2156 Associates Brokers and Brokerage: Jake Payne, Eddie Greenhalgh, Lee Thornton and Jody Mckibben of Marcus & Millichap Square Feet: 41,344 Unit Count: 268-units (Combined) Property: Big Blue Self Storage Location: Frankfort, NY Year Built: 2009 Buyer: Moove In Self Storage Brokers and Brokerage: Kevin Bledsoe, Matthew Junkin, and Andreas Makris of Marcus & Millichap Square Feet: 47,325 Highlights: Drive-up self-storage Interior units Outdoor parking Potential for future…
Featured Broker: Ed Nicholson
Ed Nicholson joined AAAA Self Storage in 2015 and has learned the self-storage industry from the ground up. Having excelled in several roles in the operations department of AAAA Self Storage, Mr. Nicholson has gained a practical working knowledge of the self-storage industry. In 2019 Mr. Nicholson was ready for a new challenge and joined the Business Development department at the Nicholson Companies to focus on investment sales and third-party management. With experience in every aspect of the self-storage industry, Mr. Nicholson has a unique skill set to not only…
Self-Storage Facility Coming to Southwest Cherokee, GA
A self-storage facility is coming to southwest Cherokee County. The Cherokee County Board of Commissioners unanimously voted Feb. 20 to approve a special use permit request from Robert Kriz to build a climate-controlled self-storage facility on almost four acres located just south of the Highway 92 and Wade Green Road intersection. “With the residential growth in this area, this is needed and something that will be utilized,” Commissioner Corey Ragsdale said. Commissioners also approved a request from the applicant to eliminate a deceleration lane from Wade Green Road to “eliminate…
Request for Approval of Self Storage Development Plan Granted for StorAmerica Gateway LLC in McCordsville, IN
A development plan by StorAmerica Gateway LLC of roughly seven acres for a storage facility was presented and approved Tuesday night at the McCordsville Plan Commission meeting. Located at the southeast corner of West Broadway and CR 750N, the site is part of the already established Gateway Crossing Planned Unit Development (PUD), amended in 2021 to allow self-storage land use with office suites. Ryan Crum, assistant town manager and director of planning and building, said at the meeting that the development plan has met all the town requirements, specifically…
Hines Announces Plans for Two New Self-Storage Facilities in Dallas-Forth Worth Area, TX
Hines, the global real estate investment, development, and property manager, has unveiled plans to deliver two new Class A self-storage facilities, Custer Self-Storage in Frisco, Texas, and Jupiter Self-Storage in Garland, Texas, later this year. Both state-of-the-art, multi-level facilities will feature masonry exteriors, and climate-controlled environments, and are designed to integrate seamlessly with the neighborhoods that they will serve. The addition of these two facilities will expand Hines’ portfolio in the Dallas-Fort Worth area to a total of 16 self-storage locations. “These latest additions to our DFW self-storage portfolio are…
StorSafe Self Storage Expands Portfolio With Strategic Acquisitions in Cedar Lake, IN, and Melbourne, FL
These acquisitions are not just about growth; they are about strengthening our commitment to providing unparalleled storage solutions. Cedar Lake and Melbourne are vibrant communities where we see tremendous potential to make a positive impact. Our continued expansion aligns with our mission to redefine the self-storage experience for owners and customers alike.” – Tom Bretz, CEO – Elmdale Partners and StorSafe StorSafe, a subsidiary of Elmdale Partners, now operates 29 storage facilities encompassing over 1.7 million square feet across FL, IL, IN, NC, OH, and WI. StorSafe Self Storage, known…
Bakke, Batson-Cook Break Ground on Self-Storage Facility in New Braunfels, TX
A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on an 987-unit self-storage facility in New Braunfels, a northeastern suburb of San Antonio. The site along I-35 spans 1.8 acres, and the building will rise four stories and house 104,875 net rentable square feet of climate-controlled space. Project partners include Alamo Architects, civil engineer INK Civil, general contractor Independent Contractors and construction lender Frost Bank. Completion is slated for the first quarter of 2025. The project marks the fifth self-storage collaboration between…
U-Haul Self-Storage Facility Coming to Urbandale, IA
A new U-Haul® retail, moving and self-storage facility is coming to Urbandale thanks to the land acquisition of 4.46 acres at 4880 NW Urbandale Drive. U-Haul Moving & Storage at Urban Loop is scheduled for completion in 2026. U-Haul acquired the property on Jan. 19. Preliminary plans call for the creation of a multi-story building including at least 700 indoor, ADA-accessible storage rooms with climate-control options and high-tech security features at affordable price points. U-Haul also plans to build a separate warehouse for its portable moving containers. “Having a facility…
U-Haul Extends its Self Storage Presence in Lee’s Summit, MO
U-Haul® announced its purchase of the Storage Sense facility at 920 NE Deerbrook St. in Lee’s Summit to better meet the moving and self-storage needs of its customers. The 2.54-acre property, now U-Haul Storage of Lee’s Summit, was acquired on Dec. 21. It is the first U-Haul-owned and -operated facility in Lee’s Summit. U-Haul customers now have access to 626 additional self-storage units. U-Haul is also offering truck sharing, boxes, moving supplies and more at the Lee’s Summit store. Storage customers can attain extended-hours access. Download the U-Haul app or…