Category: Self Storage News

Proposed Self-Storage Facility on College Highway to Restart Permitting Process in Southwick, MA

When the Planning Board meets again, it will hold a public hearing to restart the permitting process for a proposed self-storage facility on College Highway after the developers withdrew their first request once it became clear it had little chance of being approved. The new application for the permit, sought by Southampton-based developers Jim and Ellen Boyle, offers the board a proposal that is a significant departure from its first site plan, which asked for permission to build a nearly 60,000-square-foot, two-story facility between O’Reilly’s Auto Parts and Pioneer Valley…

Industry Veteran Joins EquiCap Commercial

EquiCap Commercial, a leading self-storage advisory firm, is pleased to announce the addition of Marla Čolić as Senior Vice President. With over a decade of experience in commercial real estate, Marla brings extensive industry knowledge, a strong sales track record, and deep expertise in the self-storage sector. Marla joins EquiCap Commercial following a successful career advising clients on a broad range of self-storage transactions. Known for her high energy, client-focused approach, and market insights, she has cultivated lasting relationships with owners, investors, and developers in Missouri and the Midwest. Before…

TFE-Owned Self-Storage Property Transitions to Cubesmart in Lakewood, NJ

TFE Properties has expanded its partnership with CubeSmart, tapping the self-storage operator to manage an 820-unit facility near Route 70 in Lakewood. According to TFE, the complex at 925 New Hampshire Ave. is a former EZ Self Storage location that transitioned to CubeSmart in early April. The landlord now hopes to reap the benefits, noting that the 95,000-square-foot facility has been in its portfolio since 2001 and features computerized gate access and climate-controlled, ground-level and oversized units. TFE added that the building’s proximity to Route 70 and to new and…

Go Store It to Launch REIT, Offering Flexibility for Self Storage Investors and Owners

Go Store It Self Storage plans to launch a real estate investment trust (REIT) in mid-2025, consolidating a large share of its portfolio under one entity in a move designed to streamline operations, simplify investor structure and enhance access to capital. The REIT will replace Go Store It’s current tenancy-in-common (TIC) model, offering existing TIC investors a tax-deferred rollover option. The new structure will support more efficient fundraising, improve portfolio-level financing and better position the platform for future transactions, including the possibility of a public listing or portfolio sale. Go…

West Coast Self-Storage Group Manages West Coast Self-Storage in Pullman, WA

West Coast Self-Storage Group, a leading self-storage property management company, is pleased to announce that it has begun managing West Coast Self-Storage Pullman, formerly known as Express Storage-Pullman. This addition strengthens West Coast Self-Storage’s presence in Eastern Washington and reflects its ongoing mission to provide high-quality, secure, and convenient storage solutions across the region. Located at 6862 WA-270 in Pullman, WA, just minutes from Washington State University and the Sunshine and Whitlow communities, West Coast Self-Storage Pullman features 99 storage units comprising 44,376 rentable square feet. The facility offers a…

Following New Partnership, West Coast Self-Storage Manages Nova Storage Facility in Adelanto, CA

A well-known self-storage facility in Adelanto is now under new management following a strategic partnership between Nova Storage and West Coast Self-Storage, the companies announced this week. The Adelanto location, along with nine other Nova Storage sites across Southern California, will now be managed by West Coast Self-Storage, a major self-storage operator based in Everett, Washington. The change is expected to bring enhanced services and operational upgrades while keeping the local team and customer-friendly focus intact. “This partnership represents an exciting new chapter,” said Felicia Thomas Orozco, District Manager for…

New Storage Facilities Under StorageMart and Manhattan Mini Storage Third Party Management in Q1 2025

StorageMart and Manhattan Mini Storage Third Party Management continue to be a growing presence in the self storage industry with the onboarding of several facilities in Q1 2025. These additions further extend the footprint of Manhattan Mini Storage in New York City and introduce StorageMart to Connecticut, offering enhanced convenience and accessibility for customers in these new and expanding markets. The 78 Walker St facility in Tribeca is a newly built location featuring over 500 units and 30,543 net rentable square feet. Opening in early February 2025, this facility is…

Rosewood Lands $125 Million Refinance for Storage Portfolio Across Five States in the US

Dallas-based Rosewood Property Co. has secured a $125 million refinancing loan for a 19-property self-storage portfolio under its ownership. PGIM Real Estate, Prudential Financial’s real estate investment and financing division, arranged the loan, while Newmark represented the borrower in the transaction. The portfolio encompasses 9,970 units across 1.2 million rentable square feet. The facilities are located in five different states, with 13 of them in Pennsylvania, three in Maryland and one each in New Jersey, Indiana and Kentucky. The portfolio has been under Rosewood’s ownership for more than a decade,…

SmartStop Self Storage Expands Digital Capabilities With Mobile App Rollout Across All Locations in the US

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, is pleased to announce that its SmartStop Self Storage Mobile App is officially available at all 220 locations across the United States and Canada. After a successful phased rollout, the SmartStop Self Storage mobile app is now accessible to all SmartStop customers. It offers an enhanced, tech-forward experience that puts control at their fingertips. The SmartStop mobile app is a…

Colliers Launches Stockhausen & Hernandez Self-Storage Team to Facilitate Self-storage Investment Sales Across the Mid-Atlantic region in the US

Colliers is excited to announce that Rob Stockhausen, CCIM, and Albert Hernandez, CCIM, have launched a Self-Storage Team, leveraging their combined experience to deliver superior results for self-storage investment clients. The focus of the Stockhausen-Hernandez Self-Storage Team will be facilitating self-storage investment sales across the Mid-Atlantic region by leveraging extensive market knowledge, transaction experience, and the Colliers global platform. Their services will encompass strategic asset valuation, in-depth market analysis, transaction advisory, as well as marketing and exposure. Stockhausen & Hernandez will represent both buyers and sellers, and their expertise spans…