LSC Development, LLC is excited to announce the grand opening of a new self-storage facility located at 1180 Irving Park Rd in Bensenville, IL. The property is strategically located at Irving Park Road and IL Route 83, just over a mile west of O’Hare International Airport, providing excellent visibility and access from both Irving Park Road (with an Annual Average Daily Traffic of 29,300) and Route 83 (45,500 AADT). It caters to residents of Bensenville, Itasca, Wood Dale, Elk Grove Village, Addison, Elmhurst, Northlake, Franklin Park, and other nearby western…
Category: Development News
Affinius Capital Originates $33.5 Million Loan to Refinance Storage Portfolio Located Across 7 Markets in Five US States
Affinius Capital LLC announced today the origination of a $33.5 million refinancing loan for a 10 Federal self-storage portfolio, which includes 13 self-storage facilities spanning 3,600 units across five states. Properties in the geographically diversified portfolio are located in Colorado, Georgia, North Carolina, Texas, and Tennessee. The loan will support the portfolio’s ongoing lease-up efforts and operational stabilization. Affinius Capital Senior Vice President Tyler Figley commented, “This transaction represents a compelling opportunity to expand our presence in self-storage, a growing asset class that adds meaningful diversification to our portfolio. We…
Ottawa Plan Commission Backs Self-Storage Facility as Potential Gateway to North Side Development in Ottawa, IL
The Ottawa Plan Commission recommended approval of a conditional use permit for a self-storage facility on Etna Road, the potential first phase of a larger 28-acre development planned on the city’s north side. Sean Garrett, project developer at Columbus Development Co., is under contract for the 4.5-acre storage site and holds an option on the remaining acreage. Garrett gave a presentation to planning commission members on Tuesday night, explaining the facility would serve as a possible starting point for a long-term plan that includes professional offices, medical offices, banks and…
Self-Storage Facility Proposed For Former Public Works Building in La Salle, IL
The future development of the former La Salle Public Works Building, at 500 2nd St., remains in the hands of the city council. President of Glenstone Development Nathan Watson, the former president of CL Real Estate Development, presented a plan to redevelop the property. Watson proposed selling the historic building for $260,000 and redeveloping the property into a coffee shop with potential drive-thru access, a sales office with co-working space, and climate-controlled self-storage. The building was originally constructed as a car dealership and later repurposed into the city’s armory during…
A New Self-Storage Facility Planned at Alhambra Boulevard, East Sacramento, CA
Project plans have been filed for a six-story self-storage complex at 1125 Alhambra Boulevard in East Sacramento. The development would replace a small retail center with the imposing facility within view of the Capital City Freeway. Texas Investment Company LLC is the project sponsor. The 74-foot-tall structure is expected to create 1,591 storage units across roughly 211,200 square feet and 5,000 square feet of commercial retail space. Four retail shops will be added along Alhambra Boulevard. Parking will be included for five bicycles, with space for two loading spaces. Sullivan…
Spartan Adds a New Self-Storage Facility to PNW Portfolio in Lake Stevens, WA
Spartan Investment Group, a Colorado-based privately held real estate investment firm specializing in the self-storage industry, has acquired a new self-storage facility in Lake Stevens, Washington. With 403 units totaling 31,035 net rentable square feet, this acquisition marks the tenth Pacific Northwest property added to their portfolio. Located at 8911 Vernon Rd., the Lake Stevens facility features 161 units of climate-controlled storage and 242 units of non-climate-controlled storage. Constructed in 1999, Spartan will invest $225,000 in upgrades and expanded amenities to improve curb appeal and modernize security. “As we continue…
Joseph’s Catering Property Will be Replaced into Self-Storage Facility in Horsham, PA
A new building is coming to the former Joseph’s Catering property, where a self-storage facility is replacing the five-decade catering business, writes Dino Ciliberti for the Patch. Joseph’s Catering closed for good after 50 years in May 2023, when the Messina family decided it was time to say goodbye. The new three-story facility will be a 120,000-square-foot building on a 5.68-acre site next to Hatboro-Horsham High School. It is intended for businesses prohibited from storing equipment and related items on their own properties, allowing them to use the space for…
Monster Self Storage Opens New Storage Facility on McCulloch Road in Orlando, FL
Monster Self Storage and Adams Property Group are proud to announce the opening of their newest facility, conveniently located at 4989 N Tanner Rd in Orlando, FL, just minutes from the University of Central Florida. The McCulloch Road location officially opened its doors in June, offering residents and students flexible, secure storage solutions. This state-of-the-art facility offers both climate-controlled and drive-up storage options, catering to a wide range of storage needs. The site also supports Amazon package drop-off and delivery services in coordination with the Amazon Hub Center, providing added…
A New Self-Storage Facility Opens in Red Lion, PA
A newly constructed self-storage facility in Red Lion was announced Monday by Investment Real Estate LLC (IRE). The property at 905 Belle Road features 701 units and totals 85,350 square feet of rentable storage space housed in four buildings. The facility includes 321 climate-controlled units, 58 of those being drive-up, and 374 non-climate-controlled units, with 68 being drive-up. All units are indoor. “The addition of the Belle Road facility exemplifies our focus on delivering modern storage solutions in high-demand markets,” Tom Kilko, director of development and construction for IRE, said…
Proposed Self-Storage Facility on College Highway to Restart Permitting Process in Southwick, MA
When the Planning Board meets again, it will hold a public hearing to restart the permitting process for a proposed self-storage facility on College Highway after the developers withdrew their first request once it became clear it had little chance of being approved. The new application for the permit, sought by Southampton-based developers Jim and Ellen Boyle, offers the board a proposal that is a significant departure from its first site plan, which asked for permission to build a nearly 60,000-square-foot, two-story facility between O’Reilly’s Auto Parts and Pioneer Valley…
