Category: Self Storage News

The $10.5 Billion Wake-Up Call: What the Public Storage–NSA Deal Means for Private Owners

The self-storage industry doesn’t move slowly anymore. And if you needed proof, look no further than the biggest deal to hit the sector in years. On March 16, Public Storage announced it would acquire National Storage Affiliates Trust in an all-stock transaction valued at $10.5 billion. Adding more than 1,000 properties to its portfolio and creating a combined enterprise value of $77 billion. Both boards approved unanimously. Closing is expected by Q3 2026. Just like that, the landscape shifted. But here’s what the press release won’t tell you: this deal…

Another Multi-Story Self-Storage Facility Proposed in Bridgewater, New Jersey

NAN Realty Holdings, LLC presented its application to build an 85,140-square-foot, three story climate-controlled self-storage facility with a basement at 360 Milltown Road before the Township Zoning Board of Adjustment. The applicant’s attorney, Michael Silbert, said the applicant is seeking a D1 use variance because self-storage is not a permitted use in the zone. He also said the application includes a C variance tied to the number of stories because the ordinance counts the basement as a story, making the project four stories, where three are permitted. Silbert said the…

SecureSpace Self Storage Opens SecureSpace Tukwila in the Seattle, Washington

SecureSpace Self Storage (“SecureSpace”), a leading self-storage platform with locations across key urban markets in the U.S., has opened its newest location at 5950 Southcenter Boulevard in Tukwila, WA. This marks SecureSpace’s 14th location in the Seattle MSA. Formerly known as Tukwila Self Storage, the five-story, heated facility offers 53,185 square feet of storage space across 625 units in a wide range of storage unit sizes, including 5×5, 5×10, 10×10, 10×15, and 10×20. The property is prominently situated at the I-5 and I-405 interchange, a high-traffic corridor where nearly 50,000…

Capital RV & Boat Storage Expands Services with New Mini Self Storage Units in Tomball, Texas

Capital RV & Boat Storage has announced the expansion of its Tomball facility with the addition of mini self-storage units designed for residential and business use. Beginning February 2026, the facility will now offer compact storage options alongside its established RV and boat storage services. Located off FM 2920 near Telge and Treichel Road, just two miles west of Highway 249, the Tomball facility has built a strong reputation for providing covered RV and boat storage with dependable access and security. The introduction of mini self-storage units reflects the growing…

Storage Star Expands with Three New Neighborhood Storage Locations in Chicago, Illinois

Storage Star, a national self-storage operator known for modern facilities and a service-driven approach, has expanded into the Midwest with three new locations in Chicago, serving residents and businesses across the city. “Chicago is a dynamic market with a lot of residential movement and small business activity, so storage isn’t just convenient—it’s often necessary,” said Matt Garibaldi, CEO of Storage Star. “We’re proud to bring Storage Star’s convenient solutions and an elevated level of service to residents and businesses throughout the city.” The new locations are positioned along key corridors…

SmartStop Self Storage and AXCS Capital Form Strategic Joint Venture to Provide Bridge Debt and Preferred Equity Capital Across the Self-Storage Sector

SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, and AXCS Capital (“AXCS”), a Los Angeles-based commercial real estate investment management firm, announced the formation of a real estate credit joint venture (the “Venture”) targeting bridge debt and preferred equity investments across the self-storage sector in the United States. The Venture will deploy capital across the full spectrum of structured capital solutions, including senior loans, mezzanine financing, preferred equity,…

Winston Self Storage Expands Secure Storage Solutions to Meet Growing Demand for Flexible Space Options in Winston-Salem, North Carolina

Winston Self Storage in Winston-Salem has expanded its range of secure storage solutions to address increasing demand from residents and businesses seeking flexible space options. The facility now offers enhanced climate-controlled units, expanded automobile storage capacity, and dedicated boat and RV storage spaces to serve the diverse needs of the Winston-Salem community. The expansion comes as storage needs across North Carolina continue to evolve, with more households and businesses requiring adaptable solutions for both short-term and long-term storage requirements. The facility has responded by diversifying its offerings to include specialized…

Go Store It Opens a Self-Storage Facility in Melbourne, Florida

Go Store It Self Storage has opened a new facility in Melbourne, Florida, transforming a former Sears department store into a modern self-storage property through an adaptive reuse strategy. Located at 1050 S. Babcock St., the facility features more than 700 units of ground-floor, climate-controlled self-storage. The property offers a full suite of amenities designed to provide the highest-quality space for both residential and commercial customers in the growing Space Coast market. The Melbourne opening reflects Go Store It’s continued focus on repositioning well-located retail assets to meet evolving demand…

New Stratford Self Storage Facility Celebrates Grand Opening With Community Event and Shoe Drive

Great American Storage®, a leading developer and operator of Class-A self-storage and specialty storage facilities, is opening its doors in Stratford and inviting the community to celebrate. Great American Self Storage of Stratford, located at 72 Berlin Road across from Lindenwold Station, will host its Grand Opening celebration on April 1 from 10:00 AM to 11:30 AM. The event is open to the public and will feature refreshments, giveaways, and guided tours of the newly completed facility. The new location introduces several storage options not commonly available in the area,…

Former Jcpenney in Brentwood’s Gateway Town Center Adding More Self-Storage in Jacksonville, Florida

With the first floor of the closed JCPenney in Gateway Town Center in Brentwood converted into Extra Space Storage, the property owners want to do the same with the second story. The city is reviewing a permit application for developer Global Jacksonville LLC to build out the 61,283-square-foot second floor at 5200 Norwood Ave. at an estimated project cost of almost $1.72 million. BG Southern Division LLC of Windermere is shown as the contractor. Jarmel Kizel Architects and Engineers Inc. of Livingston, New Jersey, is the architect. Legacy Engineering of…