Author: Shinil Krishnan

Basis Industrial, a real estate owner and operator based in Boca Raton, Florida, has officially opened a new construction self-storage facility in Plymouth, Massachusetts. The 111,000-square-foot, three-story facility features 806 climate-controlled units, advanced security systems, and other amenities. Basis Industrial acquired the land for the facility in November 2021 and completed the project in about 16 months. The facility will be managed by a third-party operator, Public Storage. Basis Industrial currently has 15 storage projects at various stages of completion across the United States. Source

U-Haul is planning to develop a 134,000-square-foot self-storage, truck rental and retail facility in west Phoenix. Phoenix-based U-Haul Holding Co. (NYSE: UHAL) is planning to build a large self-storage facility with truck and trailer rentals and a store as part of its expansion efforts. The project will be developed across 10 acres at the northwest corner of Lower Buckeye Road and 59th Avenue, just east of the Loop 202 in west Phoenix, an area that has seen substantial housing growth in recent years. The U-Haul Moving and Storage Store facility…

The new development plan for the chunk of land formerly known as 480 Donegan was approved mostly for storage facilities and some commercial units. On Monday, the vote passed unanimously on the first reading with only a few minor amendments from Garfield County commissioners. After the multifamily housing development named 480 Donegan was shot down by Glenwood Springs voters in May 2022, the property owners switched to proposing storage and commercial development instead. “That annexation (with the City of Glenwood Spring) didn’t proceed and we are here today to ask…

Two new self-storage facilities were approved on the city’s east end after both businesses made changes to their blueprints to create safer circulation designs and better-looking sites. In one case, Danbury planners told the business to get rid of the garage-style roll-up doors on the building’s front façade, calling the design “not desirable.” In another case, Danbury told the business to pay for upgraded traffic detection video technology at the nearest traffic light to reduce congestion. Both proposals were approved Wednesday night by the city’s Planning Commission. The approvals for…

Development firm Great American Capital in Las Vegas plans to convert an old LA Fitness location in Chatsworth into a three-building self-storage facility, The Real Deal has learned. The property, at 9129 and 9143 North De Soto Avenue, would become a complex totaling 108,800 square feet, according to documents filed with the Los Angeles City Planning Department. The company that owns the property, Kids from the Valley X LLC, is controlled by Steve Needleman, according to a deed from earlier this month. Needleman is a developer and the head of…

SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully integrated self-storage company, announced today that it has opened an approximately 78,000-square-foot storage facility in San Gabriel, California. The newly converted industrial property is a three-story building with approximately 790 units, drive-up access, climate control, and video surveillance. The Class A facility on Walnut Grove Avenue is surrounded predominantly by residential homes and apartments. The location is in an undersupplied area with strong demographics, including above-average household incomes and population density. In addition, the Company intends to…