Day: August 10, 2026

Shadowbrook Capital has closed on construction financing from Provident Bank, arranged by JLL, for a three-story, 881-unit self-storage facility at 161 Harristown Road in Glen Rock, New Jersey. The 121,384-square-foot climate-controlled project is slated for completion in 2027 and will be operated by Extra Space Storage. The transaction is the second construction loan JLL has arranged between the same borrower and lender. The deal points to sustained lender and developer interest in Bergen County, a market characterized by limited self-storage supply and above-average household incomes. Read the Full Article Source:…

A developer has filed plans with the Boston Planning Department to construct two five-story self-storage buildings on a 2.7-acre parcel at Hyde Park Avenue in Readville. Joe Federico Jr. purchased the site for $6.8 million in March 2025 after the prior owner, a residential developer, went bankrupt before breaking ground. The proposal requires full new city review and would proceed in two phases. The project is a notable example of a failed residential site being redirected toward self-storage, a trend worth watching in supply-constrained urban markets where land is scarce…

U-Haul has opened its first company-owned facility in Hot Springs, Arkansas, at 623 Files Road. The 62,825-square-foot building includes more than 850 climate-controlled storage units alongside truck and trailer rentals, U-Box portable containers, and hitch installation services.  The ground-up development marks U-Haul’s entry into the Garland County market and is consistent with the company’s broader pattern of building integrated moving and storage facilities in mid-sized U.S. communities experiencing residential growth. Read the Full Article Source: businessWire