Category: Development News

Nuveen Real Estate Announces $150 Million Allocation from CalSTRS to Invest in Self-Storage Sector in the US

Nuveen, the investment manager of TIAA and one of the largest real estate managers in the world with $141 billion in real estate assets under management, has announced the closing of a separately managed account for the California State Teachers’ Retirement System (CalSTRS) to invest in self-storage assets across the United States. This strategic collaboration includes an initial equity commitment of $150 million from CalSTRS, alongside a 10% equity commitment of $16.6 million from the TIAA General Account for a total allocation of $166.6 million. The strategy will focus on…

Plan Approved to Add Self-Storage Business, Coffee Shop and Laundromat Near Enon, OH

Clark County Commissioners approved rezoning last week to allow changes to a strip of businesses in Mad River Twp. just southwest of Enon. During a public hearing at the April 16 meeting, commissioners approved the rezoning of 1.46 acres from B-3 (general business) to B-4 (heavy business) for 6821-6847 Dayton-Springfield Road to allow a climate-controlled, indoor, self-storage facility, in addition to the existing restaurant and proposed laundromat and coffee shop. Commissioners approved the request from Josh and Maria Homes LLC by a 3-0 vote. The current space houses a restaurant…

Self-Storage Units Planned for Lot Near Lewiston High School in Lewiston, ME

Axess Self Storage is adding another location in the Lewiston-Clarkston Valley, with new storage units expected to open in fall Storage units are starting to take shape on a prominent lot near Lewiston High School. Expected to be complete in late September or early October, the 609 units in 12 buildings will have a total of 104,000 square feet of storage, said Cody Merrell, owner of Axess Self Storage, based in Moscow. The Axess Self Storage units and an office for them are being built at 1125 Warner Ave., just…

Carefree Covered RV Storage To Celebrate 7th Location Grand Opening in Surprise, AZ

Carefree Covered RV Storage announced its inaugural celebration in the city of Surprise on June 9. The event will take place at 18415 W. Deer Valley Road, from 11 am to 1 p.m., and is open to the public. The company said this special occasion celebrates Carefree’s journey in offering covered RV storage to the local community of Surprise, the company’s first location in the northwestern Phoenix metropolitan area. The Surprise facility marks Carefree Covered RV’s seventh location in the company’s portfolio across Arizona and Texas. The 14-acre project offers…

Storage Solutions Appleway Announces Grand Opening of Self-Storage Facility in Spokane Valley, WA

Storage Solutions invites the Spokane Valley community to celebrate the grand opening of its newest state-of-the-art facility, Storage Solutions Appleway. The celebration will take place on Thursday, May 1, from 2:00 PM to 5:00 PM at the facility, located at 19311 E Appleway Ave., Spokane Valley, WA 99016. A formal ribbon-cutting ceremony will be held at 3:00 PM. Attendees will enjoy an afternoon filled with lively events, complimentary food and drinks provided by Mangia Catering and Liberty Sips, and opportunities to win prizes in a raffle drawing. Exclusive grand opening…

Self-Storage Facility Approved on Union Avenue in New Windsor, NY

A proposed three-story, 87,000-square-foot self-storage facility on Union Avenue received conditional final approval from the New Windsor Planning Board on April 9. The project, proposed by Unit 3 LLC, is located at 857 Union Ave. on a four-acre parcel in the highway commercial zone — the site of the former USA Granite facility. Plans include an office, 21 parking spaces and a loading bay. The use is permitted by right as a mini-warehouse. Project engineer Reuben Buck of Engineering and Surveying Properties said the plan has received conceptual approval from…

Self Storage Plus Expands Footprint with New Facility, Developed by Arcland, in Clinton, MD

Self Storage Plus, a leading provider of third-party self-storage management services, is proud to highlight its newest managed location in Clinton, Maryland. Developed by Arcland Property Company, the facility opened during the second week of March, adding to Self Storage Plus’ growing presence in Maryland and the Mid-Atlantic region. Located at 8310 Dangerfield Road, Clinton, MD 20735, this state-of-the-art property brings approximately 90,000 square feet and 939 storage units to one of Maryland’s fastest-growing areas. Conveniently situated near Joint Base Andrews and just off Branch Avenue, the new facility is…

A New Self-Storage Facility Begins to Take Shape in Loxahatchee, FL

A self-storage facility has begun construction along Loxahatchee Road in Parkland. Exterior walls fronting Loxahatchee Road are now in full view for local drivers as the project makes major progress. The storage facility project was approved in the spring of 2024, when the Parkland City Commission voted unanimously to amend the Future Land Use Map to Commercial, which allowed the 4.35 acres to be rezoned to Self-Storage. The building is expected to be a 3-story, approximately 150,000-square-foot facility. The project is owned by Parkland Storage, LLC, and the land where…

Arcland and Self Storage Plus Brings Modern Self-Storage Facility in Manassas, VA

Arcland Property Company is proud to announce the upcoming opening of a bold new self-storage facility on Mathis Avenue, managed by regional storage leader Self Storage Plus. This project is the result of a close partnership with the City of Manassas Architectural Review Board, aimed at bringing distinctive design and quality service to the edge of the historic city. The facility will offer a wide selection of unit sizes, from compact 5×5 spaces to spacious 10×30 units, designed to accommodate both personal and business storage needs. All units are located…

Arcland Opens New Self Storage Facility, Managed by Self Storage Plus, in Winchester, VA

Arcland is excited to announce the opening of its newest self-storage facility at 149 Wincrest Drive, Winchester, VA 22602. Completed in late February, the state-of-the-art property offers 115,000 square feet of climate-controlled and drive-up storage space, along with 100 dedicated RV and boat parking spaces, catering to the growing needs of the Winchester community. Designed with convenience and security in mind, the facility offers units ranging from 5×5 to 10×30, catering to a variety of storage needs. With all units at ground level, customers can enjoy quick and hassle-free access.…