Gantry has secured a total of $31.76 million of permanent loans to refinance three separately owned California self-storage facilities since the start of 2025, including two Bay Area properties. The most recent loan provided $9.76 million in May to refinance an 829-unit facility managed by ExtraSpace located at 224 N A St in Lompoc, a Central Coast community in Santa Barbara County. The second loan provided $10 million in April to refinance the 654-unit StoreLocal Oakley facility located at 4700 Main St. in Oakley, an eastern Bay Area suburb in…
Category: Development News
A New Self-Storage Facility Breaks-Ground in Fort Pierce, FL
If you’ve been wondering what’s being built next to Aldi on U.S. 1 in Fort Pierce near Ohio Avenue, you’re not alone. Significant groundwork has taken place in recent weeks on the property at 1300 S. U.S. 1, near the tall nets for the driving range for Indian Hills Golf Course. It turns out the 1.38-acre lot is the future home to a four-story, climate-controlled, self-storage facility with 178 storage units and 23 parking spots, according to a site plan for the project approved by the city. The main 106,830-square-foot…
Spartan Investment Group Opens Self-Storage Facility in Eustis, FL
Spartan Investment Group has opened FreeUp Storage Eustis, a 660-unit self-storage facility located at 36536 S. Fish Camp Road near Lake Eustis in Grand Island, about 47 miles northwest of Orlando. Spartan Construction Management, a general contractor affiliate of the Colorado-based developer, broke ground on the facility in June 2024. FreeUp Storage Eustis features 340 climate-controlled units and 266 non-climate-controlled units across nearly 67,000 rentable square feet. Source
Anthem Self Storage Expands Secure Self-Storage Services to More Communities in Everett, WA
Anthem Self Storage, a locally operated storage facility based in Everett, Washington, has officially announced the expansion of its secure self-storage services to residents and businesses in Cascade View, Twin Creeks, and surrounding areas. This strategic rollout brings enhanced storage accessibility and high-standard security features to meet the growing demand for reliable personal and commercial storage in the region. The newly expanded service offering is designed to address common space constraints faced by both individuals and businesses. With an increasing number of households undergoing transitions such as downsizing, home renovations,…
Ribbon Cutting Celebrates the Opening of Oxford Self Storage LLC in Oxford, CT
Oxford Self Storage LLC marked a significant milestone with a successful ribbon-cutting ceremony on May 14 at its new facility located at 2 Pheasant Run Road, Oxford. The event was attended by local dignitaries, family members, and business leaders, all coming together to celebrate the opening of this state-of-the-art storage facility. The ceremony featured a formal ribbon cutting, followed by guided tours of the facility, showcasing its modern amenities and secure storage solutions. Guests had the opportunity to meet the Oxford Self Storage team, learn about the services offered, and…
Palm Coast Council Approves a New Self-Storage Facility on Pine Lakes Parkway in Palm Coast, FL
Overriding a decision by its Planning Board, the Palm Coast City Council today granted a special zoning exception to allow construction of a 100,000-square-foot storage facility on 6.8 acres off Pine Lakes Parkway, halfway between Belle Terre and Palm Coast Parkway. The Planning board, in an unusual decision, voted 4-2 to deny the special exception, saying there were enough self-storage facilities as it is: social media pages are rife with screeds about a surfeit of storage facilities. The developer appealed to the City Council. Council members found the planning board’s…
Devon Self Storage Assumes Management of Self-Storage Facility Near Graceland in Memphis, TN
Oak Brook-based Devon Self Storage, a member of The Inland Real Estate Group of Companies, Inc., has assumed the property management of a self-storage property located in Memphis, Tennessee. The two-story facility, located at 1215 East Shelby Drive and owned by Global Memphis Shelby, LLC, is comprised of 1,146 climate-controlled units and 104,873 rentable square feet. The property also features convenient loading and unloading areas, 24-hour video surveillance and access systems, a variety of storage sizes and is accessible via in-store or online contactless rentals. “We’re thrilled to assume management…
Spartan Investment Group Opens Self Storage Property in Eustis, FL
The facility was built to meet growing demand in one of the nation’s top emerging markets. Colorado-based real estate investment firm Spartan Investment Group has opened FreeUp Storage Eustis, a 660-unit 76,200 square-foot Class A asset located in Eustis, Fla. The company built the property from the ground up to meet self-storage facility needs in Central Florida. According to sources, Spartan bought the site located at 36536 South Fish Camp Road in the summer of 2024 from a private owner, receiving a $6 million construction loan from Renasant Bank. Spartan’s…
Pacific Storage Building Steps into a Bold New Era as StorQuest Self Storage in Stockton, CA
Longtime friends and business leaders Bill Hobin and Phil Johnson have teamed up to reimagine a beloved Stockton landmark, bringing fresh purpose to the iconic Pacific Storage building. For more than a century, the Pacific Storage building at 523 N Hunter St. has been a cornerstone of downtown Stockton. Now, it’s stepping into a bold new era as StorQuest Self Storage—where history meets innovation. Blending history with innovation, the duo has reimagined the space as a state-of-the-art self-storage facility, ensuring its legacy remains an integral part of Stockton’s story. “Stockton…
Self-Storage Units Proposed on a Lot in Palmerton, PA
A lot at a longtime car wash in the west end section of Palmerton could be converted into self-storage units. Borough Council recently approved the planning commission’s recommendation regarding the Mauch Chunk Road car wash subdivision and land development plan. Borough Manager Autumn Canfield said the owner is listed as Mauch Chunk Wash & Storage LLC and added that the plan indicates self-storage units on one of the lots to be created. She said the car wash is not in use. After the meeting, Borough Manager Autumn Canfield said the…