10 Federal, a leading innovator in the self-storage industry, is proud to announce key milestones that highlight the company’s continued growth and leadership in the sector. In the first closing of its Opportunistic Offering, 10 Federal raised $25 million in equity, equity commitments, and mezz equity during the third quarter of 2024. The funding was led by Essentia Capital Partners, an investment advisory firm serving HNWIs and RIAs. This offering focuses on ground-up development deals, primarily targeting multi-story, Class-A properties. The funds from this first closing will be allocated to…
Category: Development News
New self-storage facility coming to Fischer Road in Sharpsburg, GA
A new self-storage facility is on its way to Fischer Road. The development will be next to the Costco at the Fischer Road and Highway 34 intersection. According to the development plans, the storage facility will be three stories tall and will have approximately 800 units. The building will be 98,700 square feet, with 32,900 square feet on each floor. Cathy Wickey, Coweta County’s communications manager, said a height variance was granted to the development by the Board of Commissioners. The county’s ordinances allow a maximum of 34 feet and…
Hernandez Development Opens New Self-Storage in Carol Stream, IL
Hernandez Development has unveiled a new Class A self-storage facility in Carol Stream, Illinois. The development is set on a 2.71-acre site along North Avenue, bringing much-needed climate-controlled storage solutions to the area. The new facility will feature a modern three-story building along with an additional one-story structure, offering a combined 72,860 net rentable square feet. Designed to meet the diverse storage needs of the community, the facility will house 638 climate-controlled and non-climate-controlled storage units, including 50 premium drive-up units, providing easy access and optimal protection for stored items.…
LaTerra Development Retains its Site to Build First in Area Self Storage Facility in Irving, TX
H-E-B, the highly sought-after Texas grocer, is building a supermarket in the popular Las Colinas area of Irving on a site at Interstate 635 and Olympus Boulevard purchased from LaTerra Development, a leading real estate investment and development company. LaTerra will build 161,000 square feet of self-storage adjacent to the H-E-B store on seven acres that it retains of the 19.5-acre property, a long-shuttered Fry’s Electronics site. LaTerra plans to repurpose the former Fry’s Store into a 161,250-square-foot Self Storage facility with construction slated to begin later this year. The…
BestBox Storage Opens Second Self-Storage Facility in New Caney, TX
BestBox Storage has opened another location in New Caney, Texas – according to an official email from a company spokesperson. The company opened another New Caney location at 26210 FM 1485 in December and a Porter location at 22041 FM 1314 in mid-January. According to the email, the business offers self-storage options for rent that are guarded with security features such as: 24/7 video surveillance Coded gate entry Lock checks Protection plans A fourth Lake Houston-area BestBox Storage location is slated to open soon at 12910 Garrett Road, Houston. Opened…
North Palisade Partners Expands and Plans Adding $400M-Plus of Assets to its Overall Self Storage Portfolio
North Palisade Partners, a development and investment firm focused on industrial, self-storage and industrial outdoor storage, has expanded its self-storage platform, hiring industry veteran Steve Cobbs to lead self-storage for the firm. With nearly 30 years of commercial real estate experience, Cobbs was named managing director of North Palisade Self Storage. Before joining North Palisade, Cobbs most recently served as a director at Invesco Real Estate where he was the self-storage sector lead. Cobbs will hold responsibility for self-storage asset acquisitions, overseeing the deal sourcing, due diligence and transaction executions.…
U-Haul Plans to Build a State-Of-The-Art Self-Storage Facility in Grand Chute, WI
U-Haul® has purchased a 7.78-acre lot off West Neubert Road with plans to build a state-of-the-art retail, moving and self-storage center to better meet the needs of Grand Chute residents. The property was acquired on Aug. 22. Plans call for U-Haul Moving & Storage at Northland Ave. to be completed by summer 2026. The primary three-story facility will house more than 1,000 climate-controlled self-storage units with high-tech security features at affordable price points; a sprawling retail showroom with boxes, moving supplies, towing accessories, bike racks and more; a bay to…
A Self-Storage Complex Proposed at SoMa in San Francisco, CA
Previous plans for a project site at 1035 Howard Street in SoMa, San Francisco would have expanded the building size. Now, new plans have been filed to convert the industrial Art Deco building into a self-storage complex. The storage facility will rise four stories high. Embarcadero Capital Partners is the project developer. Lundberg Design is responsible for the project’s architecture. The project site spans an area of 28,000 square feet. The scope of work includes the conversion of approximately 17,549 gross square feet of existing laboratory and office space to…
U-Haul Officially Plans to Open a New Self Storage Facility in Lebanon, PA
U-Haul has completed and will officially open in September a 60,880-square-foot self-storage facility in Lebanon, PA. The site for the new building had been in use since the 1880s when it housed a rolling mill. Throughout the 20th century, the property served various purposes and was once a silk manufacturer and a weaving company up until the 1990s when the main manufacturing building caught fire. U-Haul had purchased the property in 2022 and began the self-storage development process through its Adaptive Reuse program. The three-story facility features 830 climate-controlled units…
StorageBlue Announces Opening of Their New Self-Storage Facility in Clifton, NJ
StorageBlue, the most dominant self-storage company in North Jersey and brainchild of E! Entertainment Television Founder Alan Mruvka, today announced the grand opening of their new self-storage facility, StorageBlue Clifton, located in and serving the City of Clifton, NJ. The Class A facility is strategically located at 550 Lexington Ave and offers 50,000 plus square feet of self-storage space, with units ranging from 4’x4′ to 10’x 20′. The facility sits on the heaviest trafficked main avenue in Clifton where 25,000 plus vehicles pass by daily. “Clifton and its surrounding cities…