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Developer Proposes Self-Storage, Retail and Restaurants at Former Kmart in Rockford, IL

A Rockford developer looking to revive the property once anchored by a Kmart at the corner of State Street and Mulford Road has so far been unable to reach a redevelopment agreement with city officials. Except for a U-Haul store selling moving supplies and boxes, the sprawling property has remained vacant since the Kmart closed in 2019. Orput Companies Inc. CEO Gregory Orput is asking Rockford for special use permits needed to turn the 105,939-square-foot building into a self-storage facility with outdoor truck parking. He would also build at least…

Stuf Storage Opens a Self-Storage Facility in Brooklyn, NY

Stuf Storage has opened a 180-unit self-storage facility in Brooklyn. The facility is located at 485 Clermont Ave. at the nexus of the Clinton Hill and Prospect Heights neighborhoods and consists of 15,000 gross square feet. Units range in size from 12 square feet to 240 square feet. Locally based developer RXR owns the property. Stuf Storage now operates about 30 facilities across seven states. Source

Safe Harbor Self-Storage Opens in Parksville, NY

Safe Harbor Catskills, with the help of the Sullivan County Chamber of Commerce (SCCC), held its official ribbon-cutting ceremony. The event was part of a larger “Salute to Service” Live Music Festival. Attendees to the free festival event were able to take in live musical performances, indulge in delicious food options from local vendors, and see a plentiful amount of shopping opportunities from local vendors. Safe Harbor is a premier storage facility situated on the outskirts of Parksville, NY, with an Old Hickory Shed Dealer location as well. Their facility…

Recent Transactions: 5.27.2024 – 6.03.2024

Property: Lucky 7 Storage Location: Cambridge, MN Brokers and Brokerage: Nathan Gottlieb, Alex Ihrke, Matt Haugen and Tom Flannigan – Minnesota, Iowa and North and South Dakota Broker Affiliates for Argus Self Storage Advisors NRSF: 19,326 (plus 500 square foot office) Unit Count: 97 units (plus 30 spaces for outdoor parking and storage)     Property: Mobile Storage Location: Mobile, AL Address: 2580 Schillinger Rd S, Mobile, Alabama 36695 Brokers and Brokerage: Frank DeSalvo & David Perlleshi at Franklin Street NRSF: 61,325 Unit Count: 540 units Seller Testimonial: “The recent…

Featured Broker: John Bauman

John is a Director in the Dallas office of JLL Capital Markets, Americas. He joined JLL as part of the HFF acquisition in 2019 and has contributed to the permanent, construction, mezzanine and joint venture equity financing of self-storage, multi-housing, industrial, retail, office and hotel assets across the United States. John is an active member of ULI Dallas-Fort Worth and TREC. Contact: John Bauman Director, Capital Markets Dallas, Texas +1 469 232 1948 John.Bauman@jll.com

Self Storage Market of the Month: Manchester, NH

StorTrack’s featured market this month is Manchester, NH. Manchester is a city on the Merrimack River in southern New Hampshire; located in the heart of New England and is the largest convention, sports, entertainment, and arts & cultural destination in New Hampshire. How is Manchester as a self-storage market and is it a good place to consider investing in? We’ve used StorTrack’s Explorer platform to look at some metrics to analyze its potential as a self-storage investment. Self Storage Market Metrics for Manchester, NH   Current Supply: There is a…

Pogoda Awarded Two New Management Contracts in Detroit, MI and Dayton, OH

Michigan-based Pogoda Companies, a leading provider of self-storage management services, is pleased to announce two new management contracts in Detroit, Michigan and Dayton, Ohio.   National Storage Detroit – New Center, Detroit, Michigan National Storage-New Center has 19,200 square feet of climate-controlled space in 189 units with room to expand. This Detroit location is nestled within the bottom two floors of the historic Albert Kahn building and was the former home of Saks Fifth Avenue. National Storage Dayton – Woodman Drive, Dayton, Ohio National Storage-Woodman in Dayton, Ohio has 68,200…

Recent Transactions: 5.21.2024 – 5.27.2024

Portfolio: Three-Facility Storage Portfolio Location: Hill County, TX Buyer: Go Store It Self Storage (an affiliate of Madison Capital Group) NRSF: 245,000 Unit Count: 1,500 Highlights: The facilities are strategically located minutes from Lake Whitney   Property: Leeville Pike Storage Location: Lebanon, TN Address: 6000 Leeville Pike, Lebanon, Tennessee Year Built: 2015 Broker and Brokerage: Andrew Beeckman of Marcus & Millichap Acreage: 2.6 acres NRSF: 29,600 Unit Count: 182 Vehicles Per Day: 69,484 Highlights: Fully fenced and gated facility Concrete drive aisles Metal buildings LED lighting and security cameras   Property:…

Storage Authority Welcomes Kevin Harless to the Team as the Director of Development

To meet Storage Authority’s rapid expansion demands, we continue to employ the industry’s most talented experts from the self-storage trenches. Join us in welcoming Kevin Harless to the Storage Authority team as the Director of Development. “Kevin’s over 15 years of experience at U-Haul and self-storage consulting brings incredible value to our franchisees.” Marc Goodin Kevin’s extensive experience in self-storage development, knocking on doors, technology, and property acquisitions will bring the Storage Authority development platform to new heights. Storage Authority is the only self-storage franchise in the US. They have…

Andover Properties Announces Andover Storage Lending, a Program to Finance Self Storage Sponsors Nationally (USA)

Andover Properties is pleased to announce the launch of Andover Storage Lending, a program to originate non-recourse financing for self-storage sponsors nationally. Andover Storage Lending will provide bridge and construction financing for up to 90% of value without requiring third-party management or bank deposits. The program’s originated its first loan origination to Madison Capital | Go Store It to refinance a Class A self-storage facility located in Richmond, VA. Several other loans in negotiation are expected to close in Q2. Brian Cohen, President and CEO of Andover Properties, said, “Our…