Category: Development News

Storage Authority Carolina Road has opened the first two of eight planned buildings at its new facility in Suffolk, Virginia, and has begun leasing units. The 8-acre site includes climate-controlled and drive-up units along with 29 RV parking spaces, with the remaining buildings expected to be complete within roughly three months. The project operates under the Storage Authority franchise model. The phased opening reflects a development strategy increasingly common among smaller operators, where early buildings are leased while construction on the broader site continues. Read the Full Article Source: Franchising.com

Talonvest Capital arranged a $45 million senior bridge loan to refinance a self-storage property owned by 1784 Holdings in Goleta, California. The facility totals 95,523 net rentable square feet across 972 climate-controlled units and is operated by Extra Space Storage. The loan carries a three-year initial term with two one-year extension options. The deal adds to a pattern of bridge financing activity in California coastal markets, where well-located, institutionally managed assets continue to draw lender interest. Read the Full Article Source: RE Business Online

Pack N Stor, previously operating as Stack N Stor, has opened its fourth location at 98 Boston Post Road in West Haven, Connecticut. The opening was marked by a ribbon-cutting with the Milford Regional Chamber of Commerce and coincides with a company-wide rebrand. Additional locations are planned as part of continued expansion. The West Haven facility is a representative example of small regional self-storage operators pursuing multi-site growth alongside brand repositioning in the competitive Connecticut market. Read the Full Article Source: Patch

Amy’s Attic Self Storage has broken ground on a 110,000-square-foot facility at 509 C Bud Stockton Loop in Jarrell, Texas, with completion expected in late spring 2027. The site sits along the I-35 corridor between Austin and Salado, adjacent to a planned residential development of roughly 80 single-family homes affiliated with the same ownership. The project adds to a pattern of self-storage development in high-growth Central Texas communities, where new residential construction is driving demand for additional storage capacity along the corridor. Read the Full Article Source: EIN Presswire

SROA Capital has launched Fund X, a value-add investment vehicle targeting $750 million in capital commitments focused on self-storage acquisitions. The fund continues the firm’s approach of targeting under-managed and undercapitalized assets with income growth potential. It follows Fund IX, which closed above its fundraising target with more than $1.1 billion in total commitments from institutional investors. The launch points to continued investor interest in self-storage as an asset class, with the fragmented ownership landscape remaining a primary driver of acquisition-based strategies Read the Full Article Source: Access newswire

SecureSpace Self Storage has opened its 17th Seattle-area location at 7701 40th Street West in University Place, Washington, operating as SecureSpace University Place. The single-story facility spans 63,005 square feet across 655 units and 34 rentable parking spaces, with AI-enabled security systems currently under renovation. Situated between existing SecureSpace locations in Nalley Valley and Lakewood, the opening extends the operator’s pattern of concentrating facilities across the Seattle metro to build regional coverage and brand presence. Read the Full Article Source: PR Newswire (by CISION)

Affinius Capital and Axonic Capital have originated a $42.5 million loan for UTEX Storage Partners to finance two self-storage projects in the Miami metro area. The financing supports a new four-story, 1,097-unit facility in Pembroke Pines and a 540-unit expansion in Coral Gables that will bring that property to 1,500 units total. The combined portfolio will encompass 2,597 climate-controlled units across 233,120 square feet. The deal represents the fifth closing under a recurring lending arrangement between Affinius and Axonic focused on mid-market self-storage construction financing. Read the Full Article Source:…