Newmark Arranges Recapitalization of 14-Property Dallas-Fort Worth Self-Storage Portfolio for Hines and CubeSmart

Newmark announces the firm has brokered a recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio located across the Dallas-Fort Worth Metroplex. Newmark Vice Chairman and leader of the firm’s National Self Storage Capital Markets practice, Aaron Swerdlin, along with Executive Managing Director Andrew Warin and team, advised Hines on the recapitalization. “As one of the largest national self-storage portfolio transactions of 2024, this transaction was a testament to the strength of the Dallas-Fort Worth market and further validation of the durability and appeal for…

Citizen Storage Management Expands Footprint with New Property in St. Helen, MI

Citizen Storage Management LLC proudly announces its latest expansion in Michigan with the addition of a new property under its management. Secure Storage, located at 6045 E West Branch Rd, St. Helen, MI, has been entrusted to Citizen Storage for 3rd party management. The facility, encompassing approximately 60,000 net rentable square feet, will be rebranded as Citizen Storage as part of the transition to professional management. The property offers a variety of amenities designed for modern storage needs, including climate-controlled units, drive-up access, RV and boat storage, a self-service kiosk…

Perry Village Council OKs Phase 1 of Developer’s Plan to Construct Self-Storage Buildings in Perry Township, OH

Perry Village Council has approved construction plans for the first phase of a self-storage business that will provide more than 200 indoor spaces for customers’ possessions. Council, at its Jan. 23 meeting, unanimously ratified a request by Loreto Development Co. to construct two storage-unit buildings on Maple Street. Those structures will be built on 4 acres between the southeastern portion of the Hidden Village housing subdivision and the CSX railroad tracks. The new business will be called Hidden Village Self Storage. Phase 1 of the project consists of two buildings.…

Florentine Holding Company Launches Family Heirloom Storage [United States]

Florentine Holding Company (FHC), (florentineholding.com), the Ft. Myers based commercial real estate investment and development firm, whose investment and development projects drive growth throughout Florida and the southeastern United States, announced today that the Firm has launched Family Heirloom Storage (FHS), a provider of Commercial Self Storage Services to businesses and consumers. Co-Founded by Don Tyree (Director of Operations), Joey Florentine (Director of Finance) and Tiffany Tyree (Director of Accounting), Family Heirloom Storage—a division of Florentine Holding Company—provides businesses and consumers with secure, accessible and affordable self-storage and outdoor vehicle…

A New Self-Storage Development Project Starts and Plans to Open in the Grand Strand, SC

Trees were recently cut down along Village Center Boulevard in Carolina Forest, next to the Carolina Bays Medical Office Building. The doctor’s office is now visible to drivers commuting along International Drive into the Carolina Forest area. The tree removal is the initial stage for a development project that could see a new self-storage facility open in the Grand Strand. Horry County Land Records show that the tract received a permit for a self-storage facility in October 2024. The property also received a permit Jan. 8, 2025, with the description…

New Self-Storage Facility Proposed in Fox Chase, PA

Philadelphia has seen a recent boom in its self-storage industry and another now facility has been proposed for Fox Chase. Renderings of the proposed site show a building with six stories and more than 181,000 square feet in size. However, Bala Cynwyd-based BG Capital, noted that the size could be cut in half as it faces neighborhood pushback. To move forward, the project would need several approvals from the Zoning Board of Adjustment. To this end, BG Capital has said it is willing to reduce the size of the building…

A New Self-Storage Facility Will be Opening Along Riverside Drive in Memphis, TN

Riverside Drive has had some form of construction happening on it for the better half of the last 24 months. Now, a new storage facility will be opening in March along Riverside. Developer Trip Trezevant is working to renovate the former U.S. Steel Building at 666 Riverside Drive (next to the Exxon gas station) into a storage facility and a commercial retail node. The 100,000-square-foot building will be converted into a 350-unit storage facility. Additionally, a 6,000-square-foot retail bay will be added to the 2-acre property. Trezevant said the first…

A New Self Storage Opens with Professional Management in Forsyth, GA

Local owners of Forsyth Self Storage announce the opening of the self-storage facility at 76 Mize Street Forsyth, GA 31029. This facility, managed by Absolute Storage Management (Absolute), features 165 units totaling 57,700 rentable square feet. It offers safe and secure climate-controlled, non-climate and parking unit options to the local communities of Forsyth, Juliette, High Falls, Bolingbroke, Culloden, Lutherville, and Bibb County. Perez Leasing Inc. has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services. The facility is officially under Absolute’s management as of January 23, 2025.…

Joseph’s Catering Transforms into a Self Storage Facility in Horsham, PA

Work has begun on transforming the longtime business into a self-storage facility on Horsham Road. The former Joseph’s Catering property on Horsham Road is beginning its transformation into a self-storage facility. Construction has begun to tear down the building and make way for a self-storage facility at 901 Horsham Rd. next to Hatboro-Horsham High School. The three-story, 120,000-square-foot building, which sits on 5.68 acres, will be for personal storage with businesses prohibited from storing equipment and such. Street lamps will also be added along Horsham Road from Babylon Road to…

U-Haul Opens New Climate-Controlled Self Storage in Marietta, GA

U-Haul opened a new 694-room indoor self-storage facility last week in Marietta to better meet the demand of Cobb County residents. U-Haul Storage at Canton Road at 858 Piedmont Road sits on 2.2 acres and is located next door to parent store U-Haul Moving & Storage at Canton Road (2800 Canton Road #2000), where customers can find truck and trailer sharing, hitch installation and towing accessories, propane refills, and moving supplies inside a retail showroom. The new two-story facility holds nearly 700 indoor climate-controlled storage units with high-end security features…