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Stor-It Self Storage Opens its Newest Location in Boise, ID

Stor-It Self Storage, the largest private storage operator in Idaho, today announced the grand opening of its recently completed first phase at their 6099 S. Federal Way Boise Facility (Yamhill Road and Federal Way). The grand opening event will take place on May 5, 2025, at 2:00 PM onsite. The impressive first phase of this Class A project was built by Forge Building Company, an Idaho Company. The facility features 240,000 square feet of drive-up storage, climate-controlled storage, indoor storage, commercial storage, commercial office suites, large angled covered parking, and…

Colliers Launches Stockhausen & Hernandez Self-Storage Team to Facilitate Self-storage Investment Sales Across the Mid-Atlantic region in the US

Colliers is excited to announce that Rob Stockhausen, CCIM, and Albert Hernandez, CCIM, have launched a Self-Storage Team, leveraging their combined experience to deliver superior results for self-storage investment clients. The focus of the Stockhausen-Hernandez Self-Storage Team will be facilitating self-storage investment sales across the Mid-Atlantic region by leveraging extensive market knowledge, transaction experience, and the Colliers global platform. Their services will encompass strategic asset valuation, in-depth market analysis, transaction advisory, as well as marketing and exposure. Stockhausen & Hernandez will represent both buyers and sellers, and their expertise spans…

Arcland and Self Storage Plus Expand With a New Self-Storage Facility in Huntsville, AL

Arcland Property Company is pleased to announce the upcoming opening of a new self-storage facility at 2918 Green Cove Rd. SW in Huntsville, Alabama. The newly constructed property will be managed by Self Storage Plus and marks the brand’s first entry into the Alabama market. Noah Mehrkam, CEO of both Arcland and Self Storage Plus, shared his excitement: “We’re thrilled to bring Self Storage Plus to Huntsville, a rapidly growing community with an increasing demand for high-quality storage solutions. Our team has worked hard to deliver a secure, convenient, and…

Nuveen Real Estate Announces $150 Million Allocation from CalSTRS to Invest in Self-Storage Sector in the US

Nuveen, the investment manager of TIAA and one of the largest real estate managers in the world with $141 billion in real estate assets under management, has announced the closing of a separately managed account for the California State Teachers’ Retirement System (CalSTRS) to invest in self-storage assets across the United States. This strategic collaboration includes an initial equity commitment of $150 million from CalSTRS, alongside a 10% equity commitment of $16.6 million from the TIAA General Account for a total allocation of $166.6 million. The strategy will focus on…

Plan Approved to Add Self-Storage Business, Coffee Shop and Laundromat Near Enon, OH

Clark County Commissioners approved rezoning last week to allow changes to a strip of businesses in Mad River Twp. just southwest of Enon. During a public hearing at the April 16 meeting, commissioners approved the rezoning of 1.46 acres from B-3 (general business) to B-4 (heavy business) for 6821-6847 Dayton-Springfield Road to allow a climate-controlled, indoor, self-storage facility, in addition to the existing restaurant and proposed laundromat and coffee shop. Commissioners approved the request from Josh and Maria Homes LLC by a 3-0 vote. The current space houses a restaurant…

Self-Storage Units Planned for Lot Near Lewiston High School in Lewiston, ME

Axess Self Storage is adding another location in the Lewiston-Clarkston Valley, with new storage units expected to open in fall Storage units are starting to take shape on a prominent lot near Lewiston High School. Expected to be complete in late September or early October, the 609 units in 12 buildings will have a total of 104,000 square feet of storage, said Cody Merrell, owner of Axess Self Storage, based in Moscow. The Axess Self Storage units and an office for them are being built at 1125 Warner Ave., just…

JLL Arranges $14.88 Million Construction Loan for a New Class A Self-Storage Development Facility in Montvale, NJ

JLL Capital Markets announced today that it has arranged a $14.88 million construction loan for the development of a new Class A self-storage development in Montvale, Bergen County, New Jersey. JLL worked on behalf of the borrower, a strategic venture between Claremont Development, March Development and Battery Global Advisors, to secure the 42-month, floating-rate loan with extension options through Fulton Bank. Located at 21 Phillips Parkway, the property is currently improved with an 18,500-square-foot medical office building that will be demolished to develop the 129,889-square-foot, three-story building. The property will…

Byline Bank Funds $9.25 Million Office-to-Self-Storage Adaptive Reuse Project in Lombard, IL

Byline Bank’s Commercial Real Estate Group (BCREG) has closed on a $9.25 million loan with LSC Development to fund the conversion of a 2000 vintage office building, prominently located at the intersection of I-355 and North Avenue, into a fully climate-controlled, state-of-the-art self-storage facility. The 103,109-square-foot building, located on a 10.5-acre site at 665 W. North Avenue in Lombard, Ill., will be transformed into a 67,853-square-foot Class A, climate-controlled self-storage facility and provides 64 secured surface parking spaces for both RVs and regular vehicles across 14,800 square feet. Two loading…

Large Self-Storage Facility and Space for RVs, Boats and Cars Opens in Manheim, PA

A large indoor storage facility has opened near Interstate 283. U-Haul Moving & Storage of Lancaster opened last month on a 13-acre site at 1985 State Road in East Hempfield Township, Lancaster County. The facility has 1,167 indoor climate-controlled self-storage units; a U-Box warehouse with a capacity for 1,000 portable moving and storage containers; 70 recreational vehicle/boat/vehicle storage spaces and 49 outdoor drive-up mini-storage units. U-Haul Moving & Storage of Lancaster rents trucks, trailers and towing devices and sells boxes and moving supplies from its retail showroom. The facility in…

Baranof Holdings Purchased an Industrial Land Site for $28 Million to Pave Way for a New Self-Storage Facility in Hollywood, CA

The largest land sale in Hollywood for the first quarter goes to Baranof Holdings, which acquired a 1.29-acre industrial land site for $28 million. Dallas-based Baranof Holdings, a developer and asset manager of self-storage facilities, has purchased a 1.29-acre industrial land site in Hollywood for $28 million in order to pave the way for a new Los Angeles self-storage facility. The transaction marks the largest land sale in Hollywood during the first quarter of the year. Baranof Holdings acquired the site at 956 Seward St., which previously operated as a…