Hialeah Storage Associates, an affiliate of H&M Development and Blue Vista Capital Management, has obtained an $18 million construction loan from Old National Bank for a self-storage facility. The project will be built on a two-acre site at 2401 W. Okeechobee Road. The S. Florida Business Journal reports that the developer purchased the land for $5.58 million in 2023. Subsequently, it received an okay from the area planning agency for a 113,000-square-foot facility that can go three stories high and have 1,025 climate-controlled storage units. Kenneth Carlson will be…
Category: Development News
Talonvest Capital Negotiates $16.8 Million Full Capital Stack for a Self-Storage Development in Magnolia, NJ
Talonvest Capital, Inc., a boutique self-storage and commercial real estate advisory firm, and Nuvo Development are pleased to announce a successfully tailored full capital stack which includes pari-passu joint venture equity investment as well as construction financing for a class A, self storage development in Magnolia, New Jersey. The site is centrally located in the core of a strong residential suburb of northwest NJ, a few miles southeast of Philadelphia, with a population of 102,000 in a 3-mile radius. Gary Cardamone, Chief Executive Officer at Nuvo, commented, “We couldn’t be…
True Storage Opens its Third Self-Storage Development This Year in Wilbraham, MA
True Storage opened its third self-storage development this year located at 2201 Boston Rd. This completion marks the company’s first ground-up completion in 2024, and their second multi-story new build in Massachusetts. The design build self-storage developer bought the acreage on Boston Rd. in 2022 and completed the two-story build earlier this month. This class A self-storage ground up features True Storage’s expertise in development of storage facilities that serve a public need. Day-to-day operations will be managed by Extra Space Storage, while True Storage retains ownership of the property.…
Stack And Store Opens 2nd Bel Air Site, Marking the 8th Location in Harford County, MD
Family-owned Stack and Store has opened its 2nd new 100,000-square-foot self-storage facility in Bel Air, making it the 8th store in Harford County with high-tech features. The state-of-the-art self-storage unit officially opened on April 30 at 726 Belair Road off Route 1. The facility offers climate-controlled units, site fencing, 24-hour surveillance, an on-site resident manager, 18 different-sized units, and 24-7 support. Customers can access the site via an electronic keypad with a personalized code or a mobile app. Alarmed units also are available. There are 697 leasable units with large…
Terrydale Capital Sources $3,695,000 Refinance for a Self-Storage Development in Kings Mountain, NC
Terrydale Capital, a trusted name in the real estate financing industry, is pleased to announce that Cody Baker, Vice President of Self-Storage, has arranged a loan of $3,695,000 for the refinance of a self-storage development project in Kings Mountain, North Carolina. The buyer has requested to remain anonymous. Through one of Terrydale Capital’s correspondent banking relationships, Baker was able to secure a 13% interest rate, full term interest only for 2 years. Terrydale Capital is dedicated to providing personalized financial solutions that meet the unique needs of their clients. With…
SecureSpace Announces Opening of New Self-Storage Facility in Los Angeles, CA
SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Santa Fe Springs, located in and serving the city of Santa Fe Springs, CA. The newly-built Class A facility is strategically located at 11212 Norwalk Boulevard and offers 96,471 square feet of 100% climate-controlled self-storage space, with units ranging from 5’x5′ to 20’x25′. The facility sits on the heavily trafficked Norwalk Boulevard, where 24,000 vehicles pass by daily. The dense residential area is undersupplied, and the two closest alternative facilities do not offer climate-controlled units. SecureSpace…
The Lock Up Self Storage to Open a Self-Storage Facility in Babcock Ranch, FL
We are really excited to be breaking ground on another state-of-the-art, fully climate-controlled storage facility in SW Florida. As the first solar-powered town in America, Babcock Ranch was a chance for us to showcase our green credentials and create a sustainable facility that meets the growing demands of consumers, while still providing the exceptional self-storage solutions that we have become synonymous with.” – Andrea Carnes, The Lock Up Self Storage The Lock Up Self Storage, is excited to announce the planned ground-breaking for a new, state-of-the-art self-storage facility in Babcock…
Storage King USA Completes 232-Unit Self-Storage Expansion Project in Argyle, TX
Storage King USA, the self-storage arm of New York City-based investment firm Andover Properties, has completed a 232-unit expansion of its facility in Argyle, located in Denton County. The project added 38,500 net rentable square feet of climate-controlled and non-climate-controlled space, as well as 5,750 square feet of flex space. The facility, which also offers enclosed and covered storage options for boats and RVs, now totals 865 units. Source
Coro Realty Advisors Adds Self-Storage Developments to Portfolio in Atlanta, GA
Our strategic expansion in the self-storage sector reflects Coro’s commitment to identifying and capitalizing on unique opportunities in the real estate market. These developments align with our vision of maintaining a diversified portfolio while delivering quality assets to our investors and communities.” – Robert Fransen, President and Managing Partner of Coro Realty Advisors The four properties are located in Columbus, Flowery Branch, Woodstock and Dunwoody. A real estate investment and management firm in Atlanta is adding to its portfolio with several new self-storage developments. The properties are part of the…
Self-Storage Facility Proposed Next to Solar Farm in Monroe, NJ
A self-storage facility is proposed next to a large solar farm on Hoffman Station Road (County Route 614). Central Jersey Storage, LLC of Millstone Township has filed an application with the Monroe Township Zoning Board of Adjustment for a use variance and site plan approval to construct the self-storage facility with 11 buildings, totaling about 114,200 square feet. The project would be constructed on the western portion of the 26.29-acre property owned by So Bright LLC of East Brunswick. The property is partially located in the R-60 (Residential) Zone District…