Basis Industrial Secures $27 Million for Self-Storage Development in Long Island, New York

Basis Industrial has secured a $27 million construction loan for a 121,500-square-foot self storage development in Long Island’s Rockville Centre, N.Y. NexBank and NexPoint provided the senior and mezzanine loans, respectively. The facility is scheduled to break ground immediately and come online in early spring 2027. Basis Industrial President & Managing Partner Anthony Scavo arranged the deal, while NexPoint Director Taylor Colbert led the financing. Attorney Mike Mendelow represented NexBank in the transaction. The development site traded in the fourth quarter of 2022 for $5.5 million. The present transaction marks…

Inland, Devon Self Storage Wrap Construction of Self-Storage Facility in Fraser, Michigan

Inland Real Estate Investment Corporation and Devon Self Storage completed construction of an 85,330-square-foot Class-A self-storage facility in Fraser, Michigan. Located at 31475 Utica Road in Fraser, approximately 15 miles northeast of downtown Detroit, the property formerly served as a light industrial facility originally built in 1975. The property now consists of a two-story climate-controlled building, along with various exterior non-climate-controlled buildings, offering a total of approximately 750 storage units, a 24-hour security system and a drive-in area providing access to the main interior storage area. Climate-controlled units are positioned…

Now Open: Signature Storage in Crandall, Texas

UPG Spaces is excited to announce the opening of Signature Storage, a premium self-storage facility located at 550 N. Farm to Market 148 in Crandall, TX 75114. This state-of-the art property is open for business and invites residents and business owners alike to enjoy its “Best Space. Best Price. Best Service – It’s Our Signature” amenities. “This is a beautiful property and includes the latest innovative industry technology. We will operate it with our HelloSpace+ team that understands self-storage needs must be met quickly and conveniently upon demand,” stated Julie…

New Self-Storage Facility Opens in Southeast Bend, Oregon

Project name: Logsden Street Self Storage Address: 710 SE Logsden St., Bend Developer and general contractor: Empire Construction & Development Architect: Steele Associates Architects, LLC Empire Construction & Development built a new 386-unit self-storage facility in Bend’s Larkspur neighborhood. The storage facility features 8-foot-by-8-foot and 10-foot-by-10-foot units, along with a self-service kiosk, security system, access monitoring, and interface login. Project manager Connor Stephenson wrote in an email that the goal of the Logsden Street storage is to provide privacy and convenience. Empire Construction & Development has built over 50 construction…

Centerbridge Partners and Reframe Holdings Announce Self-Storage Joint Venture to Target Properties Across the United States

Centerbridge Partners, L.P. (“Centerbridge”) and Reframe Holdings LLC (“Reframe”) today announced the formation of a programmatic joint venture. Including leverage, the venture will be positioned to aggregate and own over $500 million of self-storage facilities across the United States. The partnership will focus on acquiring existing Class A and institutional-quality Class B facilities in top metropolitan statistical areas (MSAs) nationwide, utilizing leading third-party property managers to oversee operations. The platform combines Centerbridge’s deep experience and track record in self-storage with Reframe’s principals’ experience in acquisitions, development, and management of self-storage…

Inland, Devon Complete Self-Storage Redevelopment in Fraser, Michigan

Inland Real Estate Investment Corporation and Devon Self Storage have completed construction of an approximate 85,330-square-foot Class-A self-storage facility located in Fraser, Michigan. Located at 31475 Utica Road in Fraser, approximately 15 miles northeast of downtown Detroit, the property formerly served as a light industrial facility originally built in 1975. The property now consists of a two-story climate-controlled building, along with various exterior non-climate-controlled buildings, offering a total of approximately 750 storage units, a 24-hour security system and a drive-in area providing access to the main interior storage area. “Surrounded…

Middletown Self Storage to Celebrate Grand Opening of Valley Road Location in Middletown, Rhode Island

Middletown Self Storage will host a ribbon-cutting ceremony for its newest location at 101 Valley Road on Monday, Oct. 27, at noon. The event, held in partnership with the Newport Chamber of Commerce, will feature facility tours, light refreshments and giveaways. The company is offering first month free to all new customers who rent a unit on the day of the ribbon cutting, with the promotion applying to rentals with a minimum lease period across various unit sizes. “We are excited to continue our growth here on Aquidneck Island,” said…

City Council Approves Rezoning, Permit For Highway 65 Self-Storage Project in Blaine, Minnesota

At its Oct. 20 meeting, the Blaine City Council approved both a rezoning request and a conditional use permit for a proposed self-storage development at Central Avenue in the Community Commercial/Highway 65 Overlay district. The property owner, Farmers Insurance agent Scott Uram, requested the approvals for a three-story self-storage and retail facility. The rezoning from R-1 (Single-Family Residential) to B-2 (Community Commercial) passed 6–1, with Council Member Tom Newland voting no. The conditional use permit passed 5–2, with Newland and Council Member Jess Robertson opposed. Interim Community Development Director Sheila…

Self-Storage Facility Proposed For Former Simon & Schuster Building in Bristol Borough, Pennsylvania

A part of the former Simon and Schuster building on Radcliffe Street in Bristol Borough could become a self-storage facility. Matt McHugh, the attorney for River Group Equities, outlined the concept for the 2207 Radcliffe Street property for Bristol Borough Council last week. The proposal focuses on a section of the 600,000-square-foot warehouse that is situated across from the Radcliffe Court townhomes. The former Simon & Schuster building sits on a 23-acre parcel in what was once a busy industrial area. The project would include 56,000 square feet of indoor…

Great American Self Storage Opens a New Facility in Kahului, Hawaii

Great American Self Storage is proud to announce the grand opening of its newest location at 40 Pulehu Pl, Kahului, HI, 96732. This state-of-the-art facility marks the company’s second location in Hawaii, following the success of its Kona site, which was awarded Best of West Hawaii, yet again for 2025. The Kahului facility offers a wide range of storage solutions designed to meet the needs of residents, businesses, and travelers. Features include commercial and drive-up units, air-conditioned spaces, wide turning radii for large vehicles, double-door access, luggage storage, private mailboxes…