Category: Development News

SurePoint Begins Development of a New Self-Storage Facility in Woodlands Township, Texas

Clint Wynn, Robert Loeb, Jeff Bailey, and Brian Cisarik of SurePoint Development are pleased to announce that they have begun construction on their latest Houston-area development in The Woodlands Town Center. SurePoint’s tenth project in the Houston area will be located in the heart of The Woodlands, the master-planned community developed by award-winning Howard Hughes Holdings Inc. The Class-A facility will be situated near the intersection of Six Pines Drive and Lake Front Circle and will offer 90,000 rentable square feet of climate-controlled space. Additionally, SurePoint has two projects currently…

JLL Arranges Financing for Self-Storage Facility in Hillsborough, New Jersey

JLL Capital Markets arranged construction financing for Extra Space Hillsborough, a 709-unit, 105,663-square-foot self-storage development to be built at 35 Bedle St. in Hillsborough, Somerset County, NJ. A JLL team of Michael Klein, Nazario Paragano and Michael Donohoe worked on behalf of the borrower, Shadowbrook Capital, to secure the five-year construction and bridge loan through Provident Bank. Terms were not disclosed. “Shadowbrook Capital presented a compelling opportunity by identifying a clear need for high-quality self-storage in this underserved market,” said Paragano. “The combination of a premier sponsor, a strategic location with…

Stark Moving and Storage Strengthens its Presence with New Downtown Location and Enhanced Local Moving Fleet in Boston, Massachusetts

Stark Moving and Storage, a full-service moving and self-storage provider, announced the expansion of its Boston operations with a new downtown location and an enhanced fleet dedicated to local moves throughout the metro area. The new downtown hub is designed to shorten response times, increase scheduling flexibility and improve access for customers in central Boston neighborhoods, including those in high-rise residential buildings and dense commercial corridors. With this expansion, Stark Moving and Storage is positioning itself to better serve customers seeking a moving company in boston that combines local knowledge…

Go Store It Expands Recreational Storage Platform With a New Facility in Bonita Springs, Florida

Driven by increasing demand for secure storage solutions among boat and RV owners, Go Store It Self-Storage has opened a new 105-space vehicle storage facility in Bonita Springs, Florida. Located in a high-growth region near Naples, the property offers secure, canopy-covered parking designed to protect boats, RVs and other recreational vehicles from Florida’s harsh sun and coastal elements. “We’re excited to welcome Southwest Florida’s boaters and adventurers to this new facility,” said Scott Hastings, chief financial officer of Go Store It. “This property delivers the security, convenience and accessibility customers…

Talonvest Arranges Refi for Five-Property Self-Storage Portfolio Across Rancho Santa Margarita, Pasadena, Northridge, Hollywood and Sacramento – California

Talonvest Capital, Inc. arranged $64 million in refinancing for a five-property self-storage portfolio on behalf of SoCal Self Storage, a Southern California owner-operator with nearly four decades of experience. Eric Snyder, Kim Bishop, Mason Brusseau and Lauren Maehler were among the Talonvest team members responsible for the transaction The financings were structured as 10-year, non-recourse permanent loans through a securitized lender, featuring full-term interest-only payments at fixed rates, no cash management, and highly competitive spreads. Talonvest further enhanced the execution by negotiating key borrower-friendly terms, ranging from the waiver of…

Owner Gets Approval to Expand Self-Storage Units in Waynesvill, North Carolina

A long-standing self-storage facility in Waynesville has gotten the green light to expand after a year-long push. The Waynesville Planning Board unanimously approved a special use permit at its meeting Monday that allows Richland Creek Storage to add between 75 and 80 units to its location on West Marshall Street near Recreation Park. Richland Creek Storage’s location near the Mountain Creek Plaza apartment complex and Waynesville Recreation Park gave some town lenders pause when the initial rezoning request came through. The self-storage facilty sits next to Wayenesville’s recreation park. Now…

Commissioners Approve Mixed Use Self-Storage Project in Pasco County, Florida

County commissioners approved a mixed-use plan for the Kenton Road corridor, clearing the way for a self-storage facility, hotel and restaurant-focused retail complex at the southern edge of the Connected City community hub. The board’s approval of the Kenton Road Commercial MPUD comes less than a month after the Planning Commission approved the project – 110,000 square feet of non-residential entitlements (90,000 square feet of storage, 20,000 for commercial/retail) and 120 hotel rooms – after a long debate and some conditions. Objections were raised again by residents claiming a storage…

Self Storage Opens with Professional Management in Denver, North Carolina

Local owners of Roll Up Self Storage- Lake Life proudly announce the acquisition of the self-storage facility at 2836 Hagers Court, Denver, NC 28037. This facility, being managed by Absolute Storage Management (Absolute) features 240 units totaling 36,570 rentable square feet. It offers and providing safe and secure, climate-controlled, non-climate, and parking unit options to the local communities of Huntersville, Cornelius, and Denver. PC Lake Life, LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of…

New Self-Storage Complex Planned for FM 741 Corridor in Forney, Texas

A significant new commercial development is set to reshape the landscape just north of Interstate 20, as plans for a $13 million self-storage facility have been unveiled. The project, branded as Forney Self Storage for Cube Smart, will bring 128,900 square feet of new storage capacity to the rapidly growing FM 741 corridor. Project Scope and Location Located at 8078 FM 741, the site is situated just south of Forney High School. This strategic placement positions the facility to serve both the burgeoning residential neighborhoods in the immediate vicinity and…

Self Storage Opens with Professional Management in Munford, Tennessee

Local owners of Absolute Storage of Munford – Tabb Drive proudly announce the acquisition of the self-storage facility at 101 Tabb Drive, Munford, TN 38058. Under new ownership and new management, the facility is also undergoing a rebrand, reflecting a renewed commitment to quality service and community engagement. The new owners, who have a strong history of managing properties in the Munford area, bring valuable local expertise to the property. This facility, being managed by Absolute Storage Management (Absolute), features 525 units totaling 65,655 rentable square feet and offers safe…