Category: Self Storage News

Storelocal Storage Film Row is Oklahoma City’s Only Fully Automated, Indoor Climate-Controlled Self Storage facility. Storelocal, a leading self-storage provider known for modern, secure, and customer-centric facilities, is proud to announce the opening of its newest location, Storelocal Storage Film Row, now open and serving residents and businesses in the heart of downtown Oklahoma City. Located at 1711 NW 5th Street in the historic Film Row district, the facility is uniquely positioned to support the thriving West Bricktown area — a community experiencing rapid residential and commercial growth, especially with…

The Storage Center, a leading owner-operator of Class A self-storage properties across the Southeast, has officially opened its newest storage facility at 425 6th St., Conway, AR 72032. The brand new, three-story facility opened its doors in late November, offering more than 706 climate-controlled storage units and 85,200 square feet of rentable space within an emerging technology market. Located in Airport Park, the facility is intentionally designed to support the region’s rapid residential and commercial expansion. The location offers convenient storage solutions for local residents, businesses and University of Central…

The Storage Center, a leading owner-operator of Class A self-storage properties across the Southeast, has officially opened its newest storage facility at 425 6th St., Conway, AR 72032. The brand new, three-story facility opened its doors in late November, offering more than 706 climate-controlled storage units and 85,200 square feet of rentable space within an emerging technology market. Located in Airport Park, the facility is intentionally designed to support the region’s rapid residential and commercial expansion. The location offers convenient storage solutions for local residents, businesses, and University of Central…

A vacant movie theater in North Bergen is set to become a self-storage facility after the sale of the property by Madison International Realty, brokers with JLL announced Thursday. According to a news release, the 57-foot-tall, 73,398-square-foot building at 3131 Kennedy Blvd. has a steel frame and concrete masonry with large open spaces and high ceilings. That made it attractive as a conversion opportunity for the buyer, Safely Store, whose plans call for 103,000 square feet of climate-controlled self-storage across four stories. JLL Senior Managing Director Jose Cruz, managing directors…

Talonvest Capital has arranged a $35 million, five-property financing on behalf of Andover Properties and its JV partner, TPG Angelo Gordon. The transaction includes 2,552 units and 180 parking spaces across New York, Florida, Texas, North Carolina, and Georgia. Totaling 385,635 net rentable s/f (NRSF), the assets are located in high-growth markets supported by strong demographics and long-term fundamentals. The financing consists of a three-year, non-recourse bridge loan provided by a private, institutional commercial real estate debt fund. The loan was structured with full-term interest-only payments at a fixed interest…

Gantry has arranged $12 million across two loans to refinance maturing debt for a pair of National Storage-branded facilities in suburban Detroit on behalf of Pogoda Cos. The stabilized properties offer 1,082 units totaling more than 141,000 net rentable square feet with additional vehicle storage and both climate-controlled and drive-up units. Andy Weiss, Andy Bratt and Nick Severson of Gantry represented the borrower, a private real estate investor. A life insurance company provided the seven-year, fixed-rate loan, which features interest-only payments for the full term and flexible prepayment. Gantry will…

Durango City Council approved a preliminary plan for a new three-story U-Haul self-storage facility and store earlier this month near the Grandview Interchange in eastern Durango. The development is planned for 59 Copper Court below a Starbucks atop a hillside. The property is part of a South Fork Character District master plan and conceptual development plan, said Jayme Lopko, Community Development Department director, at the City Council meeting Jan. 6. The plan calls for a three-story, 108,174-square-foot building. In reviewing the plan, city staff considered access, traffic circulation and parking,…

Construction is underway on a massive 105,500-square-foot self-storage facility in South River. The developer, CrownPoint Group Inc., broke ground earlier this month on the three-story, climate-controlled facility at 696 Old Bridge Turnpike. The facility is located at the intersection of Old Bridge Turnpike and Route 18, according to a statement from the developers. More than 1,000 apartments already surround the site, with 218 additional units under development. The residential growth demand created the need for storage space that existing facilities haven’t met, the developers said. The project marks the Parsippany-based…

A vacant lot inspired a new business idea for Sok Van, better known as Michael. The owner of Nails Pro said he noticed people with items to sell setting up on a vacant lot at 329 Russell Road. “I thought, they have to load it up, take it there, unload it and load it back up at the end of the day,” Van said. “I thought it would be good to have storage there.” So he bought the lot five years ago with the idea of creating a combination storage…

Extra Space Storage in Crystal Lake is looking to expand its existing facility with three more climate-controlled buildings. The self-storage facility at 201 S. Virgina Road is looking to build a large center building of almost 21,000 square feet, along with two smaller buildings that will have drive-up exterior access. All three buildings will be climate-controlled, owner Clint Kleepe said. Kleepe appeared before the Crystal Lake Planning and Zoning Commission recently seeking approval for a preliminary and final planned development, as well as a special-use permit, for a self-storage mini…