PrimeSpace Capital has closed $20.3 million in construction take-out financing for Pier 40 CubeSmart at 841 S. Columbus Blvd. in Philadelphia. Grant Street Funding provided the floating-rate loan; JLL Capital Markets arranged the transaction. The two-story property, adapted from a 1914 port authority building, contains 1,486 climate-controlled units under CubeSmart management.
Philadelphia ranked among the top 10 U.S. self-storage transaction markets in the first half of 2026, with roughly $100 million in volume recorded through early September.
Source: MHN – Multi-Housing News
