Category: Development News

StateStreet Group, LLC (SSG) Announces Grand Opening of its Newest StowAway Self Storage Facility in Jackson, MS

StateStreet Group, LLC (SSG) is pleased to announce the grand opening of its newest StowAway Self Storage facility in Jackson, near the north Fondren neighborhood. Located at 5330 N. State Street, the facility delivers more than 34,000 square feet of premier storage space with over 250 units, designed to meet a wide range of residential and commercial storage needs. “We’re excited to introduce our latest facility in this community, offering the convenience and flexibility our StowAway customers expect,” said SSG President Justin Peterson. StowAway Fondren is a modern, fully fenced…

Inland, Devon Completes Self-Storage Adaptive Reuse Project in St. Louis, Missouri

Inland Real Estate Investment Corp. and Devon Self Storage have completed an 80,217-square-foot self-storage facility with 797 units in St. Louis. The project at 4222 Union Blvd. involved the conversion of a warehouse into a climate-controlled self-storage property. The three-story facility features a 24-hour security system and is situated near I-70. Approximately 75 per cent of St. Louis’ self-storage inventory is comprised of converted properties from prior uses, according to Inland, which maintains a self-storage portfolio of more than $1.8 billion in assets under management. Devon currently manages 190 properties…

A New Self-Storage Granted Access to Chino Utilities in Chino Hills, CA

A developer proposing a self-storage facility in Chino Hills has received approval from the City of Chino to connect to its water and sewer system. The William Warren Group is planning to build a four-story 62,950-square-foot facility with 741 storage units on the southeast corner of Chino Hills Parkway and Monte Vista Avenue. The project will be built on the east side of Monte Vista, directly across the street from the Rancho Monte Vista Mobile Home Park. The Chino City Council on July 15 approved the developer’s request to connect…

Planning Committee Approves Concept Plan For Goddard Self Storage Facility in St. Mary’s, MD

At the June 14 meeting of the St. Mary’s County Planning Commission, members reviewed and approved the concept site plan for the proposed Goddard Self Storage facility. The project, described as a “quiet use” with “low impact” traffic, aims to provide storage space to meet a perceived local need. The self-storage facility will be located at 24175 Point Lookout Road in Leonardtown and will occupy a space of approximately 111,400 square feet. Planning committee members highlighted that the site, zoned appropriately, will maintain existing natural buffers including a wooded area…

Broadstreet Global Announced Major Expansion of its Self-Storage Investments Across the Southeast

Private equity firm Broadstreet Global has announced a significant expansion of its self-storage investment platform, unveiling plans to develop more than 25 state-of-the-art facilities across high-growth Southeastern U.S. markets. With 15 projects currently underway and over 8,100 units in the pipeline, the firm is doubling down on what it sees as a compelling real estate opportunity driven by demographic and housing trends. Headquartered in Greenville, SC, Broadstreet is aligning its self-storage growth with its broader strategy of co-locating facilities near its infrastructure and residential developments to capitalize on regional population…

Garrett Development, Willmeng Break Ground on Self-Storage Facility in Peoria, AZ

Garrett Development Corp. (GDC), with Willmeng Construction as general contractor, has broken ground on a 110,136-square-foot self-storage facility at 24027 N. Lake Pleasant Parkway in Peoria. Designed by RKAA Architects, the facility will feature 1,129 square feet of office space, 53,939 square feet of storage on the first floor and 55,068 square feet of storage on the basement level. Construction is slated for completion in June 2026, with the facility scheduled to open by the third quarter of 2026. Source

Self-Storage Facility Could Replace Century-Old Business in Wilkes-Barre, PA

A self-storage facility could open in an iconic South Main Street building in Wilkes-Barre vacated by a century-old business that has relocated its headquarters to Hanover Township. CAE Self-Storage LLC is seeking a variance to permit the adaptive reuse of a commercial building at 454 S. Main St. into a self-storage facility containing 600 storage units, according to an agenda for Wednesday’s Wilkes-Barre Zoning Hearing Board meeting. CAE is also requesting a variance to waive 29 parking spaces for the proposed use. The building is owned by Petroleum Services Company,…

A Self-storage Facility is Planned Off County Road 210 in St Johns, FL

A 120,000-square-foot self-storage facility is permitted to advance in St. Johns County. The county issued a building permit on July 11 for the $9.26 million project. No rezoning is required. Beachside Self Storage is a four-story, climate-controlled facility at 1490 County Road 210. It is off Pappy Road just outside the Fountains at St. Johns, a mixed-use center with about 30 tenants and an apartment community anchored by Ascension St. Vincent’s Health Centre – St. Johns County, about a half-mile east of Interstate 95. The Fountains is developing its second…

Eastern Union Secures $18.5 Million to Refinance Construction of Multifamily, Mixed-Use Property in Manchester, NH

Eastern Union, one of America’s largest commercial real estate mortgage brokerages, has arranged an $18.5-million loan to refinance construction of a 77-unit, multifamily, mixed-use development in Manchester, NH. The 12-month mortgage was secured by loan consultant Yossi Rubin and loan originator Chaskel Horowitz. The eight-story, 98,000-square-foot building, presently under construction, is located at 31 Central Street near the University of New Hampshire and the Southern New Hampshire University Arena. Construction is expected to be completed by the end of this year. “We are grateful that we were able to connect…

Talonvest Capital Closes $25.2M Bridge Loan for Their Newly Developed Self-Storage Facility in Vista, CA

Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, is pleased to announce the closing of $25,250,000 non-recourse, bridge loan on behalf of Clear Sky Capital and their institutional equity partner for their newly developed, 1,484-unit Class A self-storage facility with 132,695 square feet of rentable area that also contains 45 vehicle/RV parking stalls. The property is located at 510 N Avenue in Vista, CA. Despite the increased market volatility in the second quarter, Talonvest successfully sourced multiple competitive financing options, with 40% of the lender…