Self Storage Facility Opens on Site of Former Weis Store

Another building in the second phase of the project is opening in the fall and will include an additional 51,314 square feet of space and 431 units.” The Washington D.C.-based Arcland Property Company has opened its first self-storage facility in Pennsylvania. The facility is located in the Penn Shopping Plaza at 1049 Baltimore St. in Penn Township, York County near Hanover. The first phase of the self-storage project is the conversion of a former Weis grocery store that was renovated into a self-storage facility, which includes 51,109 square feet and…

Benton Township Getting New Storage Business

A new self-storage business is coming to Benton Township. The Benton Township Board of Trustees has approved a special use permit for Joe Truman to transform a vacant building at 4090 East Napier into about 35 storage units. The building is right at the intersection of Hillandale Road. Benton Township building official Chris Fuchs tells us the development is good for the township as it can be difficult to find uses for unused properties like it. The township board worked with Truman to ensure issues like noise, light, and hours…

Self Storage Facility Planned in Front of Tin Roof Brewery

A Baton Rouge-based self-storage company plans to build a storage facility on the 2-acre lot in front of the Tin Roof Brewery on Nicholson Drive. James Jenkins III, construction project manager for ClimaStor, filed an application with the city parish to have the lot rezoned from a mixture of current zonings—light commercial, heavy commercial, commercial alcohol beverage and light industrial use—to heavy commercial use only. The application says the developer plans to build a self-storage facility on the property “to meet current market demands.” The property fronts Nicholson Drive, roughly…

Sacred Heart Church to be Sold to Storage Developer Who Plans to Preserve Building

A one-time buyer for the closed Sacred Heart Catholic Church in Roseville is back with a new plan for a self-storage facility that includes preserving the historic building. Brighton-based Roseville Storage Center has submitted plans to the city’s building department that call for the former Sacred Heart church and school to be rehabilitated. Plans also call for the purchase and redevelopment of the old Christian Financial Credit Union into a sister-storage facility. “We are working on purchasing the property from the Archdiocese of Detroit and then we have a rezoning…

Recent Transactions: 7.25.2023 – 7.31.2023

Property: Adkins Storage Location: Dillsboro, IN Broker and Brokerage: Rob Schick of Argus Self Storage Advisors Acreage: 1 Square Feet: 19,450 Unit Count: 152 Occupancy: 94%   Property: Access Mini Storage Location: Zeeland, MI Brokers and Brokerage: Sean M. Delaney and Steve Chaben of Marcus & Millichap NRSF: 96,715 Unit Count: 496 non-climate-controlled units and 38 outdoor parking spaces Highlights: Trachte constructed buildings On-site office with rental kiosk Permit-ready three-building expansion (+/- 22,700 SF)   Portfolio: Crescent City Portfolio (D&B Storage, Elk Creek Storage, A&B Storage, and Northcrest Storage) Location:…

Public Storage Accelerates Growth with Simply Self Storage Acquisition

The acquisition is currently expected to close in the third quarter of 2023, subject to the satisfaction of customary closing conditions. A detailed presentation is available in the Investor Relations section of Public Storage’s website.” Public Storage (NYSE:PSA) (the “Company”) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today an agreement for Public Storage to acquire Simply Self Storage (“Simply”) from BREIT for $2.2 billion. The portfolio comprises 127 wholly-owned properties and 9 million net rentable square feet that are geographically diversified across 18 states and located in markets…

Multi-Story, Self-Storage Facility Proposed for Buffalo Grove

The facility would offer 773 storage units of varying sizes for a net rentable square footage of approximately 82,265 sq. ft. The facility will typically have 1-2 employees on-site at a time. The office is located at the west end of the building facing Lexington Drive and is approximately 385 sq. ft. There will be a small retail area in the office where customers can purchase general moving supplies such as boxes and tape.” Village commissioners this week heard plans for the construction of a 100,000 sq. ft. self-storage facility…

Coastal Boatworks & Storage in Newcastle Under New Ownership

Business has been good. We have a great relationship with the previous owners, Bucky and Pauline Holloway, and many of their customers have continued doing business with us.” – Linda Flagg, Manager Last July, Coastal Boatworks & Storage in Newcastle was sold to Mid-Coast Properties. Jim and Liz Duffy of Boothbay Harbor own Mid-Coast Properties which includes Boothbay Self-Storage, Wiscasset Self-Storage and Sabattus Street Self-Storage in Lewiston. Manager Linda Flagg is in charge of all four properties. She said nothing has changed about Coastal Boatworks and Storage, which at 1155…

Self Storage Specialists Delco Storage Open New Facility in the Collingdale Area

Delco Storage, self-storage specialists, is pleased to announce that it has opened a new facility in the Collingdale area at 519 MacDade Blvd. The self-storage facility is open many hours a day with 24/7 tracking. Customers can get instant access to their respective units with keypad entry, making it the most secure facility. The storage units are available in various sizes to accommodate the specific storage needs of residential and commercial clients. Customers can rent a small or large unit according to their requirements. All units are climate controlled, which…

Gantry Arranges $18 Million Refinance on Two Self Storage Properties

Gantry has secured $18 million to refinance two branded, Southern California self-storage facilities, including a recently constructed facility in Miramar and totaling 1,634 rentable units. The single, cross-collateralized financing retired construction debt for the facility in Miramar and refinanced a pending maturity for a fully stabilized asset in Simi Valley. Principal Peter Welsh and senior director Bahman Mirhashemi, with the firm’s Los Angeles and Irvine production offices, respectively, represented the borrower, a private investment sponsor. The 10-year life company loan features an attractive fixed rate with 30-year amortization. Mirhashemi said,…