Category: Development News

Westport Properties Completes 1,400-Unit Self-Storage Facility in Covina, California

Westport Properties has completed a 1,400-unit, 183,000-square-foot self-storage facility at 529 Cutter Way in Covina, California, operating under the US Storage Centers brand. The 2.2-acre site was acquired from Faith Community Church of West Covina for $8 million in 2025 and includes AI-powered systems, full climate control, and keypad-gated access. The project extends Westport’s presence into the San Gabriel Valley and brings the company’s total managed portfolio to more than 15.4 million square feet nationally. Read the Full Article Source: Orange County Business Journal

SmartStop REIT Affiliates Plan Merger to Create 3.2 Million Square Foot Portfolio

Strategic Storage Trust VI (SST VI) and Strategic Storage Growth Trust III (SSGT III), both affiliated with SmartStop Self Storage REIT, have entered a definitive all-stock merger agreement under which SST VI will acquire SSGT III. The combined portfolio will encompass approximately 37 wholly owned facilities, 3.2 million net rentable square feet, and a total asset value of roughly $1.2 billion. The transaction, which also includes joint venture interests and DST-sponsored properties, is expected to close in Q4 2026 pending SSGT III stockholder approval. Read the Full Article Source: BusinessWire

West Coast Self-Storage Opens 478-Unit Facility in Grand Mound, Washington

West Coast Self-Storage has opened a 478-unit facility at 5942 196th Ave. SW in Grand Mound, Washington, situated near the interchange of Interstate 5 and U.S. Highway 12. The 67,540-square-foot property includes heated indoor and drive-up ground-level units, with select larger units offering electrical power. The project was developed by Bowlds Development Company and serves the Grand Mound, Rochester, and Centralia area. The opening brings new managed storage supply to a rural Washington corridor where highway visibility and regional access tend to support stable demand. Read the Full Article Source:…

JLL Arranges $160M Credit Facility for Safely Store Self Storage Platform Seven U.S. Metros

Safely Store Self Storage, a platform backed by $400 million in institutional capital from La Caisse and a global co-investor, has closed a $160 million credit facility arranged by JLL Capital Markets and funded by J.P. Morgan. The financing is secured by 11 facilities across seven U.S. metros totaling over 872,000 rentable square feet, managed by Extra Space Storage. Structured as a $60 million term loan with a $100 million accordion feature, the facility is designed to support platform growth through future acquisitions and development. The transaction reflects continued institutional…

Storelocal Storage Adds Four Facilities Across Texas, California and Arizona

Storelocal Storage has expanded its network with four facilities across Texas, California, and Arizona, combining new development, adaptive reuse, and renovation. The most notable addition repurposes a former Fry’s Electronics store in Irving, Texas, into a 1,756-unit, 183,000-square-foot facility with climate-controlled units and RV storage. Additional locations include a Class A property in Madera County, California, a renovated facility in Cibolo, Texas, and a newly built site in Benson, Arizona. The additions illustrate Storelocal’s approach of growing its branded network through partnerships with independent owners rather than direct acquisition. Read…

Two-Building Self-Storage Project Proposed Along Three Notch Road in Maryland

A concept site plan has been submitted to St. Mary’s County, Maryland for Three Notch Self Storage, a proposed two-building development totaling 121,864 square feet at 23200 and 23206 Three Notch Road in California, MD. Arcland Property Company LLC is identified as the contract purchaser for the approximately 4.7-acre site, which would consolidate five parcels zoned for medium-intensity mixed use. The project is in early-stage county review with no final approval granted. The proposal adds to existing storage supply along the Route 235 corridor, where several facilities already operate in…

Blue Bird Mini Storage Wins Approval to Expand Onto Commercial Corner Parcel in Cornelia, Georgia

The Cornelia, Georgia City Commission voted 3-1 to approve an amendment permitting Blue Bird Mini Storage LLC to extend its planned development at 1509 Level Grove Road onto a corner parcel originally set aside for retail. Engineering constraints related to stormwater retention reduced the usable area for a retail tenant, leading the developer to request the change. The hearing raised issues around cemetery proximity, market demand, and land use trade-offs — a combination of concerns that reflects the broader scrutiny self-storage projects commonly face in smaller municipal markets. Read the…

SecureSpace Opens Fourth San Diego Location in Encanto Neighborhood in San Diego, California

SecureSpace Self Storage has opened a location at 5950 Federal Blvd in San Diego’s Encanto neighborhood, marking the brand’s fourth facility in the metro area. The three-story building offers 51,190 square feet across 555 units and eight rentable parking spaces, with ongoing renovations that include AI-enabled security systems. A fifth San Diego location is currently under construction. The openings illustrate a market clustering strategy in which operators concentrate multiple facilities within a single metro to build brand density and operational efficiency. Read the Full Article Source: PR Newswire (by CISION)

StorageMart Expands in Chicago and Indianapolis With Two New Managed Sites

StorageMart added two facilities to its third-party management portfolio in Q2 2026, with properties in Crystal Lake, Illinois, and Indianapolis, Indiana. The Crystal Lake site at 4504 E Terra Cotta Ave encompasses 86,165 net rentable square feet and 690 units, marking StorageMart’s 20th managed location in the Chicago metro. The Indianapolis property at 6550 S Belmont Ave adds 48,815 square feet and 389 units, extending the brand’s presence to eight sites in that market. The additions are consistent with a broader industry trend of facility owners turning to established operators…

COOL-BINZ Opens Climate-Controlled Portable Storage Franchise in Greater Atlanta, Georgia

COOL-BINZ, a portable climate-controlled storage brand operating under the BELFOR Franchise Group, has opened a franchise location in Greater Atlanta under the ownership of Hugh and Michelle Rowden. The company delivers insulated, temperature-regulated containers to residential and commercial customers. The Atlanta entry extends the brand’s reach beyond its Florida base into another high-humidity Southern market. The expansion reflects broader industry interest in portable climate-controlled storage formats as demand grows for alternatives to traditional fixed-facility self-storage. Read the Full Article Source: Franchising.com