Tennessee Firm Plans $6 Million Extra Space Storage Facility in Framingham

The property is owned by 58 Exchange Realty, LLC of Milford, which last purchased it in 2016 for $3.1 million, according to City of Framingham property records.” A Tennessee company has proposed a 90,000-square-foot storage facility at 579 Old Connecticut Path in Framingham. The self storage facility, consisting of two buildings, is estimated to cost more than $6 million, according to an application submitted to the City of Framingham’s planning board by Katherine Garrahan a partner at Worcester-based law firm Bowditch & Dewey, on behalf of her client, PSI Atlantic…

SecureSpace Self Storage Opens New Self Storage Facility in New York City MSA

  It is located directly in the middle of a mile-and-a-half stretch of what, from above, looks like an octopus of high-traffic roads coming together. We’re at the busy nexus of a wealthy local resident base.” SecureSpace Self Storage announced the grand opening of SecureSpace Elmsford in Westchester County, representing its most recent acquisition in the New York City area. Located at 33 West Main Street in Elmsford, the newly-built Class-A facility straddles the westbound entrance and eastbound exit of the Cross Westchester Expressway, on which over 135,000 vehicles pass…

Developers Win Approval to Expand Coconut Creek Shopping Center with Self Storage, Sprouts and More

Strada Plaza, a 7.1-acre retail center near the intersection of Lyons Road and Coconut Creek Parkway, also will add a 1,500-square-foot Cali Coffee shop and a five-story Sentry Self Storage facility with about 120,000 square feet. Sprouts will have a 23,000-square-foot grocery store.” JV between Evan Mouhalis and Martin Pico is under contract to buy Strada Plaza, and also plans to add a café and a self storage facility. A joint venture of developers is under contract to buy a Coconut Creek shopping center and won approval to expand it…

Joseph’s Catering will become Self Storage Facility in Horsham

Artist renderings show a three-story, 120,000-square-foot building, which sits on 5.68 acres, that will look to motorists driving by like an office building.” Horsham Township Council gave final approval Wednesday for the development of the Horsham Road property after a decade of proposals. The old Joseph’s Catering property on Horsham Road will become a self storage facility. At its meeting Wednesday, Township Council gave preliminary/final approval to a plan to build the self storage facility at 901 Horsham Road on the parcel that housed Joseph’s Catering, next to Hatboro-Horsham high…

Two Self Storage Warehouse Plans Moving Forward

The Bristol Township Planning Commission recommended council approves Bristol Pike Storage LLC.’s proposal to construct a 121,392-square-foot, four-story self storage facility that could have as many as 900 units.” Plans for two large self storage warehouses are moving forward. As demand for self storage facilities has grown in recent years, Lower Bucks County has seen numerous built. The two new facilities, if approved by Bristol Township Council and built, would grow the number of storage units in the township by 1,800. A developer is seeking to construct a self storage…

U-Haul Announces Plans for New Company Store in Bakersfield

Customers will also have access to trailer and truck rentals, boxes and moving supplies, towing equipment, professional hitch installation, propane and much more. U-Haul acquired the 11.45-acre property on March 7.” U-Haul is unveiling plans for a contemporary retail, moving and self-storage facility at an undeveloped site at 9407 S. H St. in Bakersfield. U-Haul Moving & Storage of Greenfield is expected to be partially operational by summer 2024 and fully completed by 2025. Preliminary plans call for the creation of a four-story self-storage building with hundreds of indoor climate-controlled…

Zoning Variance OK’d for Self Storage Business to Operate at Erie’s Former Irving School

He said he intends to put 60 to 100 climate-controlled self storage units on the first floor of the two-level building, and he said he plans to remove the building’s historical architectural items and display them in the building. His purchase of Irving will help stop the building from further decline, Fiore said.” With variance approved for prospective buyer, Erie School Board expected to vote soon on sale of 126-year-old building that closed in 2012 due to declining enrollment. After housing school children for more than a century, the Erie…

HeyRay Self Storage Looking to Grow

The business located between Georgetown and Acton has put forth plans to expand onto an adjacent property. A local storage facility wants to expand its footprint. HeyRay Self Storage – located at 13394 Highway 7 – has put forth plans to construct three new self storage buildings and expand four of its existing structures, with some of this work to be done on a neighbouring parcel of land. During a public meeting on the subject this week, nearby resident Duncan Stacey voiced his concerns regarding light pollution and potential degradation…

Danbury Businessman Wants to Add More Self Storage Units Near Bethel; Needed Due to Housing Growth

A city businessman who wants to put three self storage buildings on the same end of the block where two similar facilities are already in business and a third has been approved says the market demands it. “Competition breeds success,” Joseph Putnam, owner of an auto body garage, said of a 7-acre property near the Bethel border that he wants to develop with three self storage buildings. “Being in competition will be good for all of us.” Putnam’s property on Great Pasture Road is across the street from Prime Storage,…

Heitman Supplies $65M Bridge Loan on Sun Belt Self Storage Portfolio

The portfolio totals more than 597,000 square feet across 3,963 units in Florida, North Carolina and Texas.” A joint venture between Andover Properties and Angelo Gordon has landed $65 million of bridge financing for a seven-asset self storage portfolio across the Sun Belt region, Commercial Observer has learned. The lender was not provided by the JV, but sources told CO it was real estate investment firm Heitman that provided the nonrecourse loan. Proceeds from the debt package cover first-time financing and partial refinancing. The portfolio totals more than 597,000 square…