Category: Development News

Affinius Capital has provided a $120 million loan for the refinancing of the Prime NYC Self-Storage Portfolio, a collection of three self-storage facilities totaling 7,230 units in New York City. The names and addresses of the properties, which exclusively offer climate-controlled space, were not disclosed, but the locations span Brooklyn, Queens and The Bronx. Drew Anderman of CBRE arranged the loan through Affinius Capital on behalf of the owner, Prime Group Holdings. Miami-based lender 3650 Capital provided an undisclosed amount of junior mezzanine financing for the deal. Source

Spartan Investment Group, along with its in-house development team Spartan Construction Management, has completed FreeUp Storage Oak Harbor, a ground-up self-storage project at 33650 State Route 20 in Oak Harbor. The 78,920-square-foot facility offers 583 units across eight buildings. FreeUp Storage, Spartan’s owned and operated brand of self-storage facilities, will manage the property. Source

A new self-storage facility was approved by the Stamford Zoning Board after additional design upgrades were made to a previous plan that board members found unappealing. Extra Space Storage gained the go-ahead to build a 61,077-square-foot, three-story structure off West Main Street at Commerce Road, with 522 storage units. Three other large storage facilities operated by ESS are already located on the same 4-acre site, which is near the Greenwich border. The self-storage company added some additional design features to the structure since it was first proposed earlier this summer.…

The Novato Planning Commission has approved a new self-storage complex, despite neighborhood opposition. The decision on Sept. 8 was unanimous. City staff determined the project is exempt from additional state environmental review. The project does not require City Council approval. The proposed 95,400-square-foot, three-building complex at 501 Davidson St. was opposed by residents in the area, which includes Slade Park. Residents expressed concerns about the buildings’ size, increased traffic, equipment noise and light pollution. “What I’m seeing is a fairly benign use out there,” said Peter Tiernan, a planning commissioner.…

Local owners of Central Access Storage proudly announce the acquisition of the self-storage facility at 4250 Central Avenue, Hot Springs, AR 71913. This facility, managed by Absolute Storage Management (Absolute), features 365 units totaling 48,025 rentable square feet. It offers safe and secure climate-controlled, non-climate unit options to the local communities of Hot Springs, Rockwell, and Lake Hamilton. Six Pillars Storage LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of September 8, 2025. Residents and…

Another self-storage facility is being proposed in Somerset County. Sempre Property Group LLC of Warren is proposing to build a three-story plus a basement, 25,844 square foot self-storage facility with 587 units at the corner of Route 202 North and ImClone Drive in Branchburg. It would be located on the wooded lot before Chubb Way. The Branchburg Zoning Board of Adjustment is expected to hear the application at its Sept. 17 meeting. The applicant is seeking multiple variances as a self-storage facility is not a permitted use in the zone.…