U-Haul Expands its Portfolio With a New Self-Storage Facility in Denton, TX

U-Haul is expanding its metro Dallas portfolio with a new self-storage facility in Denton, Texas. MYCON General Contractors broke ground on the 127,205-square-foot development, marking it the seventh project with U-Haul. The facility is set for completion in March 2025. Plans call for three buildings—a 28,639-square-foot pre-engineered metal structure for U-Box storage, a four-story, 89,512-square-foot self-storage facility and a 2,400-square-foot drive-up storage unit. U-Haul amenities include video surveillance, packing supplies, climate control, and electronic access, among others. The project is taking shape at 3209 E. University Drive, near Interstate 35E…

Absolute Storage Management (Absolute) Offers Professional Self-Storage Management Services to a New Self-Storage Facility in Mobile, AL

All Season Storage is excited to announce the opening of its new facility at 9180 Jeff Hamilton Road, Mobile, AL 36695. This facility features 415 units, encompassing a total of 50,795 rentable square feet, offering both climate-controlled and non-climate-controlled storage options. These units provide secure storage solutions for the communities of Daphne, Mobile, and Fairhope. To ensure top-notch service and management, All Season Storage has partnered with Absolute Storage Management (Absolute). As of May 23, 2024, Absolute has been overseeing the professional self-storage management of the facility, bringing their extensive…

Absolute Storage Management (Absolute) Offers Professional Self-Storage Management Services to the Newly Developed Self-Storage Facility in Southport, NC

The newly developed Long Beach Self Storage facility, located at 4724 Long Beach Road, Southport, NC 28461, is now open and proudly offering professional self-storage management services through Absolute Storage Management (Absolute). This brand-new facility offers 439 units, encompassing a total of 78,625 rentable square feet. The units include both climate-controlled and non-climate-controlled options, ensuring safe and secure storage solutions for the local communities of St. James, Oak Island, and Caswell Beach. The ownership group has engaged Absolute Storage Management to provide top-tier professional management for the facility, effective July…

New Family-Owned Self Storage Facility Opens in Danvers, MA

A new self-storage facility is now open in Danvers, offering access 7 days a week and a large garage bay that will keep you out of the elements while unloading. Danvers Self Storage offers a unique storage experience and takes pride in being different from its competitors. “The largest owners of Self-Storage in the U.S. are public companies that report to Wall Street and have a track record of raising your rates. We don’t have to report to Wall Street here and we want happy customers, so if you store…

SecureSpace Expands Local Offerings With New State-Of-The-Art Self-Storage Units in Murray, UT

The newest addition in a long line of expansions to new locations across states, SecureSpace Self Storage launches its newest facility in Murray, UT. With a wide range of features, including temperature control, humidity control, and advanced security, this space is now open to clients. SecureSpace Self Storage proudly announces the expansion of its state-of-the-art storage facility in Murray, UT, featuring advanced security systems, climate-controlled units, vehicle storage and a variety of unit sizes. The facility offers extended access hours, exceptional customer service, and a clean, well-maintained environment. To celebrate,…

Marc Tropp Of Eastern Union Closes On $13.3 Million in Financing for Ground-Up Construction of 931-Unit, Self-Storage Facility in Worcester, MA

Marc Tropp, a senior managing director with Eastern Union, has secured $13,297,000 in financing toward the ground-up construction of a four-story, 931-unit, self-storage facility at 80 Barber Avenue in Worcester, MA. Eastern Union, based in New York, is one of America’s largest providers of commercial mortgage brokerage and capital markets advisory services. Together with senior managing director David Merkin, Mr. Tropp oversees the firm’s Mid-Atlantic Region office in Bethesda, MD. The climate-controlled property will have a gross size of 126,260 square feet and 93,186 square feet of rentable space. The…

Quinlan Development Completes a Self-Storage in Budd Lake, NJ

Design firm Ware Malcomb said construction is complete on a new four-building, self-storage development at 89 US 46 in Budd Lake, NJ, about 45 miles west of New York City. Ware Malcomb provided architectural design services for the 95,200-square-foot project, owned by New York-based Quinlan Development Group, LLC. “The Budd Lake project represents a Class A self-storage facility originally designed as a speculative development,” said Jon Anderson, regional director at Ware Malcomb. “Our team designed a facility to yield the highest possible number of rentable units.” Branded as Extra Space…

JLL Arranges $75 Million Construction Financing for Developing Florida Self-Storage Portfolio

JLL Capital Markets led the financing efforts for the six-property portfolio that will primarily serve Central Florida’s Orlando and Tampa markets. JLL Capital Markets announced today that it has arranged a $75 million construction loan for the development of six, purpose-built, Class A self-storage properties totalling 4,082 units in markets primarily serving the Orlando and Tampa, Florida MSAs. JLL worked with the developer/borrower, YourStorageUnits Capital Partners, to secure the four-year construction loan. The six Florida properties are located in Vero Beach, Sebring, Ocoee, Cocoa, Ft. Myers and Ft. Pierce. All of…

Recent Transactions: 7.23.2024 – 7.29.2024

Property: Sentinel Self Storage (will soon operate under the brand of Right Move Storage) Location: Tomball, TX Year Constructed: 2023 Year Opened: April 2024 Buyer: LandPark Advisors, LLC, in collaboration with Sunset Capital, LLC (collectively, “LandPark Sunset Storage III”) Acreage: 4.73 acres NRSF: 80,195 Unit Count: 350 units Highlights: Automated security gate with key-code access Roll-up doors Concrete driveways Manager’s office Video surveillance throughout the property A sufficient detention pond has been incorporated for drainage purposes   Property: Nantucket Self Storage Facility Location: Nantucket, MA Seller: Joseph Mendola and Joseph…

LandPark Advisors Acquires Self-Storage Facility in Tomball, TX

LandPark Advisors, LLC, in collaboration with Sunset Capital, LLC (collectively, “LandPark Sunset Storage III”) acquired a newly constructed, Class A self-storage facility in the vibrant city of Tomball, Texas. The facility, currently known as “Sentinel Self Storage,” will soon operate under the brand of Right Move Storage. Sentinel Self Storage features 80,195 rentable square feet of storage space totaling 350 units and is situated on 4.73 acres. Construction began in 2023 and the facility officially opened for business in April 2024. Sentinel Self Storage offers a range of amenities including…