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Self Storage Facility in High-Growth Austin Market Sells

JLL Capital Markets announced today that it has closed the sale of Springwood Self Storage, a 426-unit, Class A self storage facility in the northern part of Austin, Texas. JLL worked on behalf of the seller, Springwood Self Storage LLC. Wasatch Storage Partners purchased the asset. Springwood Self Storage comprises one three-story building that opened in 2017. Constructed to Class A standards, the facility contains modern amenities in its three stories, including all climate-controlled units, elevator access, retail-oriented customer service office and security features. The area surrounding Springwood Self Storage…

Fortress Self Storage Uses Nokē Smart Entry to Stand Out in a Sea of New Development

Self-Storage Consulting Group, based out of Mesa, Arizona, saw the opportunity for self storage in a growing area centered on new development in Brighton, Colorado. With a Top Golf, Home Depot and Costco all within minutes of their facility, they knew being on the main road would give Fortress Self Storage the attention it deserved in the growing market. Fortress Self Storage was determined to find a way to set themselves apart in the sea of new development and they did just that by offering Smart Self-Storage units to their tenants…

Janus International Completes Merger to Become Public Company

Janus International Group, a manufacturer of doors and other products for self-storage and industrial facilities, has joined the small cadre of publicly traded companies in the self storage industry. Janus’ stock started trading June 8 on the New York Stock Exchange. The stock opened the day at $14 per share and closed at $13.89 per share. In December, Janus executives estimated the stock listing would lead to a market capitalization of $1.4 billion and an equity valuation of $1.9 billion. A ‘blank check’ merger Temple, GA-based Janus went public through…

The Williams Storage Group of Marcus & Millichap Sells Almighty Storage in Denham Springs, LA

The Williams Storage Group of Marcus & Millichap is pleased to announce the recent closing of Almighty Storage in Denham Springs, Louisiana. Almighty Storage is a mix of 452 non-climate, 174 climate-controlled units and 53 spaces for boats and RVs within a little more than 84,000 rentable square feet. The facility is well located on LA-16 amongst a busy commercial corridor. Every deal has its fair share of speedbumps and this one was no exception; however, it was a fun deal to work on because it was a good property,…

Andover Properties Closes on “CubeSmart Self Storage” in Phoenix, AZ

Andover Properties, LLC (dba Storage King USA) has recently acquired CubeSmart Self Storage in Phoenix, AZ, marking its third acquisition in the Phoenix MSA and eighth in the state. The 72,388 NRSF multi-story property, which opened in September 2018, is 100% climate controlled. The property is well situated at the intersection of W Glendale Ave and N 19th Ave, which see over 40,000 and 29,000 vehicles per day, respectively. “This property is one of the top Class A assets in the market and helps to bolster our Phoenix portfolio offerings,…

National Storage Affiliates Trust Added to S&P MidCap 400 Index

National Storage Affiliates Trust (“NSA” or the “Company”) (NYSE: NSA) today announced that the Company will be added to the S&P MidCap 400 Index effective prior to the open of trading on Friday, May 14, 2021. Tamara Fischer, President and Chief Executive Officer, commented, “We are pleased to have National Storage Affiliates gain inclusion on the S&P MidCap 400 Index. The move to the MidCap 400 index from the SmallCap 600 index acknowledges the exceptional growth NSA has realized over the past few years. We look forward to continuing to…

Bellomy & Co. Announces the Sale of Class “A” Five-Property Self Storage Portfolio

Bellomy & Co. announced the sale of a five property portfolio of self storage facilities in the Dallas / Fort Worth MSA. The class “A” facilities were built to the highest of institutional quality standards and included extra land for immediate expansions of the properties. The portfolio totaled 1,736 units and 329 parking spots spread over 278,840 rentable square feet. The properties are located in the fast growing cities of Aubrey, Crowley and Wylie. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Dallas, Texas based seller. Bellomy…

Bellomy & Co. Announces the Sale of Cornerstone Storage Portfolio in Iowa

Bellomy & Co. announced the sale of the three property Cornerstone Storage Portfolio in Iowa. Each property is located northeast of Omaha/Council Bluffs MSA. The portfolio is comprised of 309 non-climate units and 45,000 NRSF. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Cornerstone Storage LLC, the Nebraska based seller. Bellomy & Co. also procured the Missouri and Pennsylvania undisclosed buyers. Bellomy & Co. is an Austin and Houston based commercial real estate firm with a team exclusively focused on the self storage industry. For more information, please…

Website Design Elements for Self Storage

Website design is important for the self storage industry. An effective website should be built with a sound technical build-out. This provides a foundation for success and gives you a solid base to build off of as you progress through the website design process. Sound Technical Build-Out The technical aspect of your website should not be ignored! Your goal should be to prioritize page speed, security and device compatibility or responsiveness. Your website CAN’T be slow when loading content or pages for a few reasons: Your visitors will become frustrated…