Category: Self Storage News

William Warren Group Completes Portfolio Refinance Across Five US States

Talonvest Capital arranged a $40.2 million refinance for a five-property self-storage portfolio owned by William Warren Group. The financing covers 4,061 units across New York, Connecticut, Arizona, Colorado, and Florida and includes a five-year, non-recourse loan structure with full-term interest-only payments. The transaction reflects continued lending activity in the self-storage sector, particularly for stabilized portfolios operated across multiple markets. It also underscores the ongoing focus among owners and investors on refinancing existing assets as capital markets and borrowing conditions continue to evolve. Read the Full Article Source: Connect CRE

Joliet Officials Consider New Climate-Controlled Storage Project in Joliet, Illinois

A self-storage proposal in Joliet, Illinois, is returning to the City Council for review after earlier attempts in 2021 and 2023 failed to gain approval. The plan calls for approximately 370 storage units, including a climate-controlled indoor building and several outdoor-access structures, on a site near Theodore Street and Drauden Road. Previous public opposition centered on concerns about traffic, noise, and site security. The proposal highlights continued self-storage development activity in suburban markets, particularly on commercially zoned infill sites where developers see limited demand for traditional retail uses. Read the…

Thistle Lane Storage Now Managed by Absolute Storage in Auburn, Alabama

Thistle Lane Storage in Auburn, Alabama, has transitioned to third-party management under Absolute Storage Management. The facility includes 299 storage units totaling approximately 36,700 rentable square feet, with a combination of climate-controlled and drive-up storage options. Located near Auburn University and Auburn Technology Park, the property serves residential, student, and commercial storage demand. The transition reflects the continued growth of third-party management within the self-storage sector as owners increasingly rely on specialized operators for facility oversight, marketing, and customer service functions. Read the Full Article Source: Absolute Storage Management

Self-Storage Facility Proposed Along Route 206 in Hillsborough, New Jersey

A proposed self-storage facility in Hillsborough, New Jersey, is under review by the Township Zoning Board of Adjustment. The project would redevelop a 2.97-acre Route 206 site with a three-story, 103,560-square-foot storage facility containing 710 units, including climate-controlled and drive-up space. Planning discussions have focused on traffic patterns, buffering near residential properties, landscaping, and site access. The proposal reflects continued self-storage development activity in suburban highway corridors, where operators are pursuing larger, higher-density projects in response to evolving storage demand and limited available land. Read the Full Article Source: Patch

AAA Self Storage Expands With New Project in High Point, North Carolina

A new AAA Self Storage facility is under construction in High Point, North Carolina. The three-story, internal-access project will add approximately 95,000 square feet of storage space and include access points from both Westchester Drive and Scott Avenue. The development reflects continued expansion activity among regional self-storage operators, particularly in growing suburban markets where demand for larger, multi-story storage facilities remains active. Read the Full Article Source: High Point Enterprise

Steel Lock Storage Opens New Facility in Falls Creek, Pennsylvania

A new self-storage facility has opened in Falls Creek, Pennsylvania, featuring fully automated storage units constructed from shipping containers. Located near Route 219 and Interstate 80, the property includes online rentals, automated gate access, and drive-up accessibility. The project reflects continued adoption of container-based storage formats in smaller and secondary markets, where operators are utilizing alternative construction methods and automated systems to expand storage inventory and manage operating costs. Read the Full Article Source: Priority Media (Connect FM 96.7)

Store Here Self Storage Opens New Facility in Carlisle, Pennsylvania

Store Here Self Storage has opened a new facility in Carlisle, Pennsylvania, expanding storage inventory in the local market. The property includes temperature-controlled units, indoor storage space, ground-level drive-up access, and on-site truck rental services. The project reflects continued self-storage development activity in secondary markets, where operators are adding modern facility features and climate-controlled options to meet residential and business storage demand. Read the Full Article Source: PR.com

StoreEase Unveils AI Tools for Storage Facility Operations

StoreEase has introduced EaseOS, an AI-based operating platform designed for self-storage facility management and customer engagement. The system combines voice communication, web assistance, and operational tools into a centralized platform intended to support rentals, customer service, and multi-site management. Features include AI-assisted call handling, automated web interactions, and remote operational support tools. The launch reflects growing adoption of AI and automation technologies within the self-storage sector as operators look to streamline workflows, improve customer interaction, and support scalable facility operations. Read the Full Article Source: Star Gazette

Second Floor of Former JCPenney Set for Storage Conversion in Jacksonville, Florida

Developers are continuing the conversion of a former JCPenney at Gateway Town Center in Jacksonville, Florida, into an Extra Space Storage facility, with new permits issued for the buildout of the building’s second floor. The project will add more than 61,000 square feet of climate-controlled storage space and is expected to total roughly 900 units upon completion. The redevelopment reflects ongoing adaptive reuse activity within the self-storage sector, as vacant department store properties and aging retail centers continue to be repositioned for storage use. Read the Full Article Source: Jacksonville…

Heitman Launches U.S. Self-Storage Core Plus Strategy

Heitman LLC has launched a new Core Plus investment strategy targeting U.S. self-storage assets, supported by $275 million in commitments and an additional $200 million in co-investment capital. The strategy debuted with the acquisition of a 79-property portfolio across 16 states totaling approximately 4.9 million rentable square feet. The initiative reflects continued institutional investment activity in the self-storage sector, particularly in assets with lease-up potential, operational improvements, and opportunities for future expansion.   Read the Full Announcement Source: BusinessWire