West Coast Self-Storage of Vancouver has completed a major expansion at its SE 164th Avenue facility, significantly increasing storage capacity to help meet continued demand in East Vancouver and surrounding communities. With the expansion complete, the property now offers 885 storage units across 77,472 square feet. Located at 501 SE 164th Ave in Vancouver, just north of SE Mill Plain Blvd, West Coast Self-Storage of Vancouver serves customers in East Vancouver and nearby neighborhoods with a wide range of storage options for household, business, and moving-related needs. The expansion includes…
Category: Development News
Former Entertainment Venue Repurposed as a Self Storage Facility in South Philadelphia, Pennsylvania
Show & Tel, an adult entertainment club in South Philadelphia that had been open since the 1990s, has been closed and will soon be repurposed as a self storage facility. The 32,000-square-foot property was sold for $2.3 million and will be redeveloped as a storage facility and office space. The property was listed for $3.5 million about two years ago, but the asking price was later reduced to attract a buyer. It certainly helped. “We had a lot of action on this one. There was a lot of interest,” said…
Perfect Moving Brings Pickup-and-Delivery Storage to Westchester County, New York
Perfect Storage has expanded its full-service storage solutions into Westchester County, giving residents a simpler way to store belongings without the inconvenience of traditional storage units. Unlike self-storage, the company’s full-service model handles every step of the process, from pickup and inventory to secure storage and scheduled delivery. Customers can store items short-term or long-term without lifting heavy boxes or driving to a facility. The expansion is backed by Perfect Moving & Storage’s perfect 5.0-star rating based on more than 3,500 customer reviews, earned through consistent service and transparent communication.…
Marcus & Millichap Capital Corp. Arranges Financing for Two Self-Storage Properties in Florida City, Florida and Hiram, Georgia
Marcus & Millichap Capital Corporation (MMCC), a leading provider of commercial real estate capital markets financing solutions, arranged $12 million in financing for two self-storage properties located in Florida City, Florida and Hiram, Georgia. The properties are both operated by Compass Self Storage and total 133,150 square feet. Doug Brooks, managing director in MMCC’s Columbus office, secured 5-year financing with a national investment firm on behalf of a construction, development and management company specializing in self-storage projects and business parks. “The self-storage sector remains resilient, with sustained investor interest driven…
JLL Secures Financing for Extra Space Self-Storage Project in Somerset County – Hillsborough, New Jersey
A project to add a 709-unit self-storage development along Route 206 in Hillsborough has secured construction financing. JLL Capital Markets announced April 20 arranging the five-year construction and bridge loan for Extra Space Hillsborough on behalf of Provident Bank. The team worked for the borrower, Shadowbrook Capital. Additional terms were not disclosed. The transaction marks the latest from JLL’s capital solutions team in the local self-storage market. It builds on funding for two other New Jersey projects announced this year — both also secured through local lenders. In Hillsborough, the…
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…
