Category: Development News

Atlanta-based SAFStor has purchased 5.75 acres in Glenwood, Oregon, for $1.43 million, according to a Lane County deed recorded September 2. The company has secured an $11.4 million construction line of credit against the property, though no specific development plans have been filed or announced. The Glenwood site would be SAFStor’s first Oregon location within a portfolio of roughly 80 projects nationwide. Several self-storage facilities already operate nearby on Franklin Boulevard in the Eugene-Springfield area. Read the Full Article Source: LookOut (Eugene – Springfield)

Atlanta-based SAFStor has acquired 5.75 acres in Glenwood, Oregon for $1.43 million, per a Lane County deed filed September 2. The company has also secured an $11.4 million construction line of credit on the property, though no development plans have been made public. The site, located off Judkins Road near Interstate 5, would represent SAFStor’s first Oregon project among its roughly 80 nationwide developments. Several self-storage facilities already operate in the Glenwood area, including U-Haul and Simply Storage locations on Franklin Boulevard. Read the Full Article Source: LookOut – Eugene-Springfield

SuperStorage, a California self-storage operator with locations in 16 communities, has enrolled all of its facilities in their respective local Chambers of Commerce. Facility managers are participating in Chamber-sponsored events including business mixers and community fundraisers. The company also migrated its customer-facing website to the Tenant Inc. Hummingbird platform, adding real-time availability, transparent pricing, and touchless rental functionality. The dual announcement combines a community engagement initiative with a technology update as the regional operator works to strengthen its local presence. Read the Full Article Source: PR Newswire – by CISION

The Cache County Planning Commission has approved a conditional use permit for Wellsville Safe Storage, a proposed eight-acre, four-building self-service facility near 3900 South and U.S. 89-91 in Utah. The unmanned site would operate 24 hours a day. Approval conditions include compliance with county screening standards, with discussion covering landscaping near an adjacent canal, lighting, parking, and traffic. The permit passed with two commissioners voting against it. Read the Full Article Source: HJ News

STORExpress has acquired a nearly century-old, 168,000-square-foot storage facility on North Avenue in downtown Youngstown, Ohio, for $1.48 million at auction. The property is currently operating under new ownership. STORExpress, which runs 11 locations across Ohio and Pennsylvania, plans to renovate the building into a drive-through self-storage facility, with completion targeted for spring 2027. The purchase extends the operator’s footprint into the Youngstown market and reflects continued regional operator interest in repositioning older storage assets. Read the Full Article Source: 21 WFMJ

Basis Industrial has closed a $20.5 million construction loan and completed a land acquisition for a self-storage development at 17140 W. Waddell Road in Surprise, Arizona. The project, situated within the Truman Ranch master-planned community, will deliver 707 climate-controlled units across approximately 102,673 square feet. Financing was provided by NexBank and NexPoint. Construction is expected to begin later in 2026, with completion targeted for fall 2027. The development represents Basis Industrial’s first entry into the Arizona market. Read the Full Article Source: citybiz

JLL Capital Markets has arranged a five-year refinancing for a climate-controlled self-storage facility at 193 Western Avenue in South Portland, Maine, on behalf of borrower The Ardent Companies. The loan was secured through a regional bank. The property, completed in 2022 and managed by Extra Space Storage, has sustained occupancy above 90% for 12 consecutive months. The transaction illustrates continued lender appetite for stabilized self-storage assets in established New England markets with favorable demographic profiles. Read the Full Article Source: JLL

The Los Angeles City Planning Commission has approved a mixed-use project at 7526 North Bellaire Avenue in Sun Valley for Trojan Storage, pairing 220,000 square feet of self-storage with nine street-facing townhomes. The storage facility would be set behind the residential units. A zone change and general plan amendment are still needed before construction can begin. Los Angeles ranks among the most undersupplied major self-storage markets in the U.S., with 2.1 square feet per capita, and has repurposed 1.4 million square feet of commercial space for storage over the past…

Northland Self-Storage has launched Northland Mobile To You, a portable storage delivery service based in Kingsley, Michigan, serving Traverse City and the Grand Traverse region. The service offers 8×16 and 8×20 containers and portable office units delivered directly to customer locations, with month-to-month rental terms. The move extends the company’s existing self-storage operation into the portable storage segment, reflecting a pattern among regional operators adding delivery-based models alongside traditional facility-based offerings. Read the Full Article Source: The National Law Review