Weatogue-based Bulwark LLC is proposing a 79,200-square-foot self-storage facility at 8120 and 8122 Colt Highway in Farmington, also known as Route 6. One of two business partners, Matthew Morris, of Simsbury, has applied for a special permit that would allow him to construct a four-story self-storage building on two parcels that total 4.99 acres. The application is on the agenda for the Planning and Zoning Commission’s meeting at 7 p.m. Monday. The plans show a building with a footprint of 19,800 square feet, along with four parking spaces and…
Author: Shinil Krishnan
Store Space Opens Vibrant New, Ground-up Storage Facility in Loganville, GA
Located at 4341 Atlanta Highway in central Loganville, the facility houses 756 climate-controlled storage units comprising 72,524 NRSF.” Store Space today announced the opening of its newest location in Loganville, GA, a vibrant new facility in the city’s highly trafficked town center. The ground-up construction reinforces a significant trajectory in the company’s expansion strategy. Located at 4341 Atlanta Highway in central Loganville, the facility houses 756 climate-controlled storage units comprising 72,524 NRSF. Store Space Loganville will serve the growing population of the northeast Atlanta suburb, offering affordable and convenient…
SecureSpace Self Storage Opens New Facility in Philadelphia MSA
SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Langhorne, in the Philadelphia MSA about 20 miles northeast of downtown. Located at 300 Woodbourne Road in Langhorne, PA, the newly built, standalone Class-A facility shares access with a CarMax and a Sam’s Club and is seen by over 20,000 cars per day. The store is in Bucks County, the third wealthiest of Pennsylvania’s 67 counties, with a median household income of $105,000 within three miles of the property. “SecureSpace Langhorne anchors the southern midpoint…
Warsaw Planners OK Preliminary and Final Plats for Storage Business
All Secure Self Storage has three buildings planned in the first phase, one of which is climate-controlled, which means it has heating and air conditioning for temperature control, she said. The other two buildings will not be heated.” – Debra Hughes, civil engineer with Surveying & Mapping A new self storage business should be up and running along Enterprise Drive in Warsaw by October after the Warsaw Plan Commission quickly approved a preliminary plat and final replat for it Monday. In presenting the petition from All Secure Self Storage to…
U-Haul Opens at Former Space City Self Storage in Houston
It’s no surprise that people are packing up their U-Haul trucks and heading to Houston. This city is constantly growing. We’re excited to offer a clean, secure and reliable storage product for our new Houston residents, and our lifelong neighbors as well.” – Phil Frederick, U-Haul Company of Southwest Houston president U-Haul® has purchased the former Space City Self Storage facility at 13123 Hiram Clarke Road to better serve its customers in the Houston community. The property was acquired on May 25. Now U-Haul Moving & Storage of Hiram Clarke,…
Featured Broker: Hunter Hicks
Hunter has an extensive background in real estate investment, consulting, business development, and sales. He attended Vanderbilt University and began his career at the William Morris Agency. Hunter has been a successful commercial and residential real estate broker for Keller Williams and Fathom Realty over the last 10+ years, developing a wide knowledge base and expertise in efficient real estate transactions. Hunter joined the Storage Exchange team to specialize in commercial sales, with a focus on data-driven strategies and valuations to meet the needs of his clients. He simultaneously provides…
Self Storage Company Presents to Sayreville Planning Board for Site Approval at Former Club Pure Location
100,500 sq. foot facility would take the place of the iconic nightclub that hosted hundreds of weddings, bar mitzvahs, corporate events, and parties” The Sayreville Planning Board heard testimony about the development of a self storage facility at the former Club Pure (1970 Route 35) during its June 7 meeting. The facility will be operated by InSite Development Partners, a Torrance, CA-based self storage developer, operator, and manager. The developer seeks site plan approval for the proposed facility on Route 35. InSite builds storage locations under its SecureSpace brand all…
Redding Self Storage Facility Lands $22 Million in Construction Financing
EagleBridge Capital, a Boston-based mortgage banking firm, has secured construction financing of $22 million for a new self storage facility in Redding, Connecticut. The facility, currently under construction, will feature 675 units of various sizes, as well as flex/industrial units. It will be equipped with 24/7 key card security and gated access. The property is situated on an 8-acre site on Ethan Allen Highway (Route 7). The location offers access to Route I-95 and Merritt Parkway. EagleBridge’s Brian Walsh arranged the financing through a national bank. Source
SROA Capital Expands Bridge Financing Program for Self Storage Industry
We are looking for investment opportunities across the capital stack in self storage. SROA is excited to continue to expand its credit investing prowess to its broader investor base having round-tripped nearly $100MM in credit strategy with strong returns over the past 5 years” – Benjamin S. Macfarland, III (CEO, SROA Capital) SROA Capital (‘SROA’), a vertically integrated real estate investment and technology company focused on investing in self storage, has completed the first closing of its ninth flagship fund, SROA Capital Fund IX (‘Fund IX’) this April. Up to…
Recent Transactions: 6.06.2023 – 6.12.2023
Property: Central Virginia Stabilized Self Storage Portfolio Location: Oklahoma City, OK Buyer: LSC Development Brokers and Brokerage: Michael Brewster, Drew Quinn, Brad Peterson, El Warner and Charley Simpson of Colliers Square Feet: 161,190 Highlights: Plans for an adaptive reuse project including retail outlets and a self storage facility Property: Storage General Cedar Location: Cedar City, UT Buyer: Utah Built LLC Seller: Garn Development Brokers and Brokerage: Jordan Farrer and Adam Schlosser of The LeClaire-Schlosser Group of Marcus & Millichap NRSF: 456,758 Unit Count: 2,133 units Highlights: Electronic gate access…