New Self-Storage Facility Under Construction on Wiles Road in Coconut Creek, FL

A new self-storage facility is under construction near Monarch High School in Coconut Creek. The four-story, roughly 89,000-square-foot building will go up at 5479 Wiles Road, according to Scott Stoudenmire, sustainability director for Coconut Creek. The Self-Storage at Solaire is one of two new storage facilities approved in Coconut Creek. Last year, the city approved the other self-storage facility, Sentry with 120,164-square-foot, as part of a new development with a new grocery store (Sprouts Farmers Market) and a drive-through coffee shop (Cali Coffee) in the southwest corner of Coconut Creek…

1784 Holdings Lands $53 Million for Self Storage Development in Bethesda, MD

Talonvest Capital Inc. has secured a $53 million construction loan on behalf of 1784 Holdings LLC, for the development of a Class A self-storage facility in Bethesda, Maryland. According to Montgomery County records, the loan retires previous debt. The unpaid outstanding principal on the original mortgage refinanced was $20 million. The Ardent Cos. provided the financing. The note has a maturity date set for 2026, includes two extension options, full-term interest-only payments, an earnout funding upon receipt of the full certificate of occupancy and no lease-up covenants. The Talonvest Capital…

Go Store It Opens Self-Storage Facility in Monterey Park, CA

Go Store It, an affiliate of Madison Capital Group, has entered the California market with the opening of a 70,000-square-foot self storage facility in Monterey Park, California. The project broke ground in November 2022. The property was subject to a $14 million construction loan, originated by Farmers and Merchants Bank of Long Beach. The newly constructed facility is a three-story building that offers 802 climate-controlled units, ranging between 25 and 300 square feet. Amenities include video surveillance, moving supplies, dolly and flatbed carts, roll-up doors, elevator access, security lighting and…

U-Haul Opens a New Self Storage facility in Apache Junction, AZ

U-Haul has opened a new, 117,154-square-foot retail and self-storage facility in Apache Junction, Ariz. Development began in 2018. The three-story building offers 900 non-climate- and climate-controlled units, ranging between 25 and 200 square feet. The property also includes 144 covered RV spots with electric hookups and a warehouse that can store more than 650 portable moving containers. Amenities include 24-hour video surveillance, elevator access, moving supplies, towing equipment, individually alarmed rooms, drive-up and gated access and on-site manager. The facility is at 3395 S. Idaho Road, has access to U.S.…

Cook Properties Opens New Self Storage Facility in Spencerport, NY

Cook Properties, a family-owned real estate development and management firm headquartered in Rochester, has opened a new self-storage facility in Spencerport. Village Woods Storage is a 20,760-square-foot space featuring 177 climate-controlled units. The facility is located on the lower level of Village Woods, an office and retail plaza at 42 Nichols St. Units range in size from 5-by-10 feet to 10-by-23 feet, with a limited number of 9-by-20 and 10-by-20 units that feature drive-up access to accommodate a vehicle or boat. The location was chosen because of residential and commercial…

SecureSpace Announces Opening of New Self-Storage Facility in Philadelphia, PA

SecureSpace Self Storage today announced the grand opening of a new self-storage facility, SecureSpace Philadelphia Grays Ferry, located in and serving the city of Philadelphia, PA. The newly-built Class A facility is strategically located at 3114 Grays Ferry Avenue and offers 104,992 square feet of 100% climate-controlled self-storage space with units ranging from 2’x5’ to 11’x25’. The facility offers badly needed supply to nearby dense residential neighborhoods, with a three-mile population of 497,000, who currently have less than 2.5 square feet per capita of storage options. The new store is…

An Industrial Property Sale Paves Way for New Self-Storage Facility in Copiague, NY

An industrial property in Copiague will soon be redeveloped into a self-storage facility. Lake Success-based SNL Storage purchased the 32,400-square-foot building on 1.9 acres at 1550 Sunrise Highway for $5.2 million. The property was formerly occupied by Pets Warehouse. SNL Copiague LLC, an affiliate of SNL Storage, is planning to demolish part of the existing structure and construct a three-story, 38,890-square-foot self-storage facility on the site, according to its application with the Town of Babylon. The company, which primarily develops self-storage facilities throughout the New York metropolitan area, has built…

Big Self-Storage Facility in Works for Part of Shopping Plaza Site Near Hadley-Amherst Town Line, MA

A management company that owns a Route 9 shopping plaza near the Amherst town line is considering adding a large self-storage development to an undeveloped portion of the property. At the Planning Board meeting Tuesday, Christian Brannelly, management director at Chestnut Realty Management in Boston, presented a conceptual drawing of an 82,500-square-foot project featuring an unspecified number of non-climate-controlled storage units. The development would go on a 5-acre portion of 16 acres that are mostly wooded at the rear of the Campus Shopping Plaza at 438-454 Russell St. That site…

U-Haul® Moving & Storage To Open its New Store in Palmetto, FL

U-Haul® Moving & Storage of Palmetto at 7735 U.S. 41 will host a grand-opening celebration and free lunch from 11 a.m.-1 p.m. on Saturday, Jan. 27 to unveil Florida’s newest indoor self-storage and retail facility. The public is invited to enjoy food, U-Haul giveaways, and take a behind-the-scenes tour of the facility. Lunch will be served on a first-come basis. The three-story, 75,561-square-foot building includes 1,200 self-storage rooms with high-tech security features and climate-control options at affordable price points that are now available to rent. The property also houses an…

True Storage Self-Storage Development Pipelines Across The US in 2024

Manchester, NH 2023 was another record-breaking year for True Storage. Throughout the year True Storage delivered 602,800 net rentable s/f across nine projects. The completions included locations in Enfield, CT, Columbus, GA, Methuen, MA, Frenchtown, MI, Akron, OH, Providence, RI, Fort Atkinson, WI, Flint MI, and Conyers, GA. The team converted a Walmart, Kmart, Dicks Sporting Goods, two grocery stores, a ShopKo and finished two ground-up sites. “2023 was a true showcase of how dynamic and focused our team is on delivering top-quality storage properties to market,” said Chris Lewis,…