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…

What Do You Think Of When You Hear “Smart Building”?

By now, we’ve all heard a great deal about everything “smart.” Smart technology, smart buildings, smart solutions, and so on. But do we really understand what “smart” truly entails? In the world of self-storage, some of the first things that come to mind are features such as smart locks, remote gate access, and even remote climate control. Those are absolutely correct and are all important features in an increasingly smart world. But building smart is so much more. It combines infrastructure strategy with the newest technological innovations to create a…

Four-Story Self-Storage Facility Proposed for Dunwoody, GA

The four-story, 140,000-square-foot facility with a basement would be located at 4470 Chamblee Dunwoody Road, according to construction plans. The site is located off I-285, behind a Kroger. The facility is expected to break ground this fall. Georgetown Storage comes from Coro Realty Advisors and is one of several self-storage sites the Atlanta-based commercial real estate investor has in the pipeline. In addition to the Dunwoody site, the firm is planning a two-story storage facility in Woodstock called Ridgewalk Storage. This year, they also broke ground on Lake Lanier Storage,…

Groundbreaking for Self-Storage, Recreation and Warehouse Project in Armonk, NY

Basis Industrial, a real estate owner and operator based in Boca Raton, Florida, has broken ground on a construction project at 100 Business Park Drive in Armonk. Late last year the developer, which has developed, owns and manages about 15 million square feet of properties, received approvals from the Town of North Castle to construct a building encompassing a 26,461-square-foot pickleball recreation center, an 81,609-square-foot self-storage facility and a new 8,038-square-foot warehouse. The property covers approximately 11.3-acres. There currently is a 62,782-square-foot office and light industrial building on the property…

City Plan Commissioners Grants Permission For Ex-Factory into Self-Storage in New Haven, CT

City Plan commissioners approved a plan to convert up to 65,000 square feet of industrial space on Lenox Street into self-storage units — after deciding that that controversially quiet use fit better at a former factory in the Heights than at a former factory in Newhallville. They took that unanimous vote Wednesday night during the latest online monthly meeting of the City Plan Commission. The proposal in question was a special permit sought by applicant Frank Talierco and local attorney Ben Trachten to allow for a self-storage facility at the former fabric-coating…