Bineth Expands Storage Portfolio in NJ and NY

Bineth Group and Upper Space Group have expanded their Northeast self-storage portfolio with new facilities in New Jersey and New York. The projects include Seaport Self Storage in Elizabeth, NJ, an 89,000-square-foot climate-controlled facility managed by Extra Space Storage; an 86,000-square-foot, 869-unit climate-controlled facility in Pennsauken, NJ; and the acquisition of a CubeSmart facility in Buffalo, NY. The portfolio now includes seven self-storage properties across dense NJ, PA and NY markets.     Read the Full Article Source: RE NJ

Large scale self-storage complex under review in Amherst, NY

Amherst, N.Y. (WBEN) – Amherst officials are continuing to review plans for a 550-unit, climate-controlled self storage complex – that, if developed would be the largest such facility in the town. Under review is a proposal by Vick Singh Ghotia. founder of 416Homez, to develop the 70,000-square-foot complex along an 8.46 acre parcel of vacant land at 2495 Wehrle Drive. The property is just west of Transit Road. A final development cost is still being worked out. Pending various Amherst approvals, construction is expected to start later this year. The units…

Boylston, MA Self-Storage Development to Add 797 Units

ARCO National Construction’s New England division is partnering with R.J. Kelly to develop a new Class A self-storage facility in Boylston, Massachusetts. Located on a 6.12-acre site with Route 140 frontage and visibility from I-290, the project will include a three-story, 103,000-square-foot facility with 797 climate-controlled units, including 46 drive-up units, plus a 1,000-square-foot office and 19 parking spaces. The project will redevelop an underutilized parcel to serve the greater Worcester market.   Read the Full Article Source: New England Real Estate Journal

Commune Capital Sells Self-Storage Property in Bellevue, WA for $50.7M

BELLEVUE, WASH. — Commune Capital has completed the disposition of a self-storage property located at 12399 Northup Way in Bellevue. Premier Storage Investors acquired the asset for $50.7 million. Mike Mele, Luke Elliott, Jim Lewis and Steffan Brown of Cushman & Wakefield represented the seller in the transaction. Built in 2016 on 1.2 acres, the Class A 103,397-square-foot self-storage facility features 988 climate-controlled and drive-up units. At the time of sale, the property was 93 percent occupied.     Read the Full Article Source: REBusiness Online

Former Hallmark Warehouse with Extra Space-Managed Storage Listed for $19M

A 14-acre warehouse and self-storage property in Enfield, Connecticut, is on the market for $19 million. Located at 53 Manning Road, the former Hallmark facility includes a 362,600-square-foot industrial building with 244,505 square feet of warehouse space and about 70,000 square feet of self-storage managed by Extra Space Self Storage. The property includes 572 indoor storage units and is being marketed for sale or lease, with potential for a future buyer to operate the storage component or lease it back to the seller.   Read the Full Article Source: CT…

Port Richey Self Storage Opens in Pasco County, FL

Port Richey Self Storage has opened a new facility at 7228 Ridge Rd in Port Richey, Florida. The facility offers climate-controlled units in multiple sizes, paved outdoor parking for RVs, boats, trailers and vehicles, 24-hour access, gated entry, security monitoring, online rentals and contactless move-ins. Grand opening promotions include First Month Free, Free Lock and No Admin Fees for new customers.     Read the Full Article Source: EIN Presswire

710-Unit Self Storage Facility Proposed in Hillsborough, NJ

Nan Realty Holdings, LLC has proposed a three-story, 103,560-square-foot self-storage facility along Route 206 in Hillsborough, New Jersey. The project would include 710 units, with a mix of climate-controlled and non-climate-controlled drive-up units, plus office space, gated access, covered loading bays and customer parking. Existing structures on the 2.97-acre site would be demolished. The applicant is seeking variances, site plan approvals and waivers, with the hearing set to continue on July 15. Read the Full Article Source: MSN