Category: Development News

Eastern Union Secures $9,424,405 to Refinance Renovation Project That Will Deliver 43,000-Square-Foot Self-Storage Facility and 55,000 Square Feet of Retail Space in Springfield, VT

Eastern Union, one of the country’s largest commercial mortgage brokerages, has arranged $9,424,405 in construction-to-permanent refinancing for the first stage of a multi-phase renovation project at 100 River Street in Springfield, VT. This portion of the initiative will create a 43,000-square-foot self-storage facility and 55,000 square feet of retail space. Springfield is located along the Black River about 95 miles northeast of Albany, NY and about 130 miles northwest of Boston. The renovation is being undertaken by Integrity Community Partners, LLC based in San Diego, CA with offices in New…

In Towne Self-Storage Opens a New Storage Facility in Peru, IL

In Towne Self-Storage officially opened April 10 at 4428 Hollerich Drive, Peru, after serval months of construction and renovation. In Towne Self-Storage is a fully indoor climate-controlled self-storage facility. Also available is boat and RV parking in their gated parking lot. Both indoor storage and boat and RV parking are monitored by state-of-the-art security. The building had last been occupied by Office Max but had been vacant for the past eight years. In Towne Self-Storage is also an authorized U-Haul dealer and has staff available to assist customers 9 a.m.…

Large Self-Storage Facility and Space for RVs, Boats and Cars Opens in Manheim, PA

A large indoor storage facility has opened near Interstate 283. U-Haul Moving & Storage of Lancaster opened last month on a 13-acre site at 1985 State Road in East Hempfield Township, Lancaster County. The facility has 1,167 indoor climate-controlled self-storage units; a U-Box warehouse with a capacity for 1,000 portable moving and storage containers; 70 recreational vehicle/boat/vehicle storage spaces and 49 outdoor drive-up mini-storage units. U-Haul Moving & Storage of Lancaster rents trucks, trailers and towing devices and sells boxes and moving supplies from its retail showroom. The facility in…

Triangular Self-Storage Proposed Near Santa Rosa Springs in Maricopa, AZ

A new self-storage facility has been proposed for about 8 acres of undeveloped land near Santa Rosa Springs. Maricopa landowner and realtor Dayv Morgan last month submitted pre-application paperwork to the city for an RV and self-storage development along Sonoran Desert Parkway, right between Santa Rosa Wash and Lunar Street. Attached is a request to amend the land use and zoning from general rural to light industrial. The preliminary site plan shows a triangle-shaped parcel that could accommodate up to 317 vehicles and two storage buildings. However, Morgan said the…

U-Haul Co. Adds Dealership in Manteno, IL

U-Haul Co. of Illinois Inc. recently announced that Cordes Brothers Towing signed on as a U-Haul dealer to serve Manteno, according to a news release from U-Haul. Cordes Brothers Towing is at 151 Linden and will offer U-Haul trucks, trailers, towing equipment and moving supplies. Normal business hours are 8 a.m.-5 p.m. Monday to Friday; 8 a.m.-1 p.m. on Saturday; and 10 a.m.-1 p.m. on Sunday. Customers can reserve U-Haul products at this dealer location by calling 815-907-5006 or visiting uhaul.com/Locations/Truck-Rentals-near-Manteno-IL-60950/013302/ today. Cordes Brothers Towing owner Terry Cordes said he…

A New Self-Storage Facility Planned in Lee Vista, FL

Story Highlights Titan Vanguard filed application for a 125,000-square-foot self-storage building in Orlando Storage market has “hit bottom,” with 3-3.5% growth predicted Central Florida storage transactions increased to $71 million in 2024 A self-storage facility is in the works in the Lee Vista area as experts say the storage market has “hit bottom.” Robert Ziegenfuss of Orlando-based Z Development Services filed an application with the City of Orlando for a four-story, 125,000-square-foot self-storage building at 6252 Lee Vista Blvd. Ziegenfuss was not available for comment. The application was filed on…

Baranof Holdings Purchased an Industrial Land Site for $28 Million to Pave Way for a New Self-Storage Facility in Hollywood, CA

The largest land sale in Hollywood for the first quarter goes to Baranof Holdings, which acquired a 1.29-acre industrial land site for $28 million. Dallas-based Baranof Holdings, a developer and asset manager of self-storage facilities, has purchased a 1.29-acre industrial land site in Hollywood for $28 million in order to pave the way for a new Los Angeles self-storage facility. The transaction marks the largest land sale in Hollywood during the first quarter of the year. Baranof Holdings acquired the site at 956 Seward St., which previously operated as a…

Inland, Devon Completes Self-Storage Redevelopment Project in Springfield, MA

Inland Private Capital Corp. and Devon Self Storage, which are both part of The Inland Real Estate Group of Cos., have completed a 601-unit self-storage redevelopment project in the western Massachusetts city of Springfield. The project converted a historic former factory building in the downtown area into a facility with three interconnected buildings totaling 59,837 net rentable square feet of climate-controlled space. The facility also features drive-thru unit capability and a 24-hour security system. Source

SurePoint to Develop Self-Storage Facility in Humble, TX

SurePoint Development, a self-storage owner-operator based in San Antonio, will develop a 687-unit self-storage facility in Humble, a northeastern suburb of Houston. The site is located at the intersection of Sam Houston Tollway and Mesa Drive at the entrance to Johnson Development’s Fall Creek master-planned community. CubeSmart will operate the new facility, which will comprise 120,000 net rentable square feet of climate- and non-climate-controlled space. The facility will also feature boat/RV storage space and 10,000 square feet of mini-offices. Construction is set to begin before the end of the year.…

StorageMax Announces Grand Opening of Climate-Controlled Storage Facility at Flora, MS

The Flora expansion includes 391 new climate-controlled units, bringing the facility’s total capacity to 896 units. StorageMax is proud to announce the grand opening of its climate-controlled expansion at StorageMax Flora, further enhancing its ability to provide secure and convenient storage solutions to the Flora community and beyond. The expansion includes 391 new climate-controlled units, bringing the facility’s total capacity to 896 units. Located at 698 U.S. 49 Flora, MS 39071, StorageMax acquired the existing 505 traditional drive-up units in December 2022. The newly added climate-controlled units were constructed on…