Category: Self Storage News

Hernandez Development today announced the successful completion of Carol Stream Self Storage, a new 71,510-square-foot, Class A self-storage facility at 27W010 North Avenue (Illinois Route 64) in Carol Stream, Illinois. The state-of-the-art facility is strategically designed to meet the growing storage demand in DuPage County. The three-story building features 625 climate-controlled units, including 36 easily accessible drive-up units. Positioned with prominent visibility along North Avenue, this project benefits from exposure to over 38,000 vehicles daily, offering convenient access for both residential and commercial customers. “Carol Stream is a strong suburban…

A two-story, 122,000-square-foot storage facility previously granted land use approval by the Winslow Zoning Board is now scheduled to seek full major site plan approval. Although the project is located on Cross Keys Road, the building will sit back from the roadway, positioned behind the existing Aldi and Wendy’s on an undeveloped parcel of land. The site plan includes 61,000 square feet of building footprint; with two floors, the total building area doubles to 122,000 square feet. If approved, the new storage facility will utilize existing internal roadways within the…

When Daniel Contreras rounded out Buellton’s five-member Planning Commission, one of his first goals was to help the city make better use of existing properties that become idle for one reason or another. “[We] have a lot of facilities and parcels that are just gathering dust at the moment, and we’re not revitalizing those areas,” he told the Sun in October. “I think it’s very important that we get to revitalize those areas before we go on to [develop] our open spaces.” Two months later, Contreras was part of the…

St. Johns County is adapting to its rapid growth with the introduction of new RV storage facilities and an upscale apartment complex. As the population has surged by over 74% since 2010, local businesses and developers are stepping up to provide innovative solutions to meet the needs of residents. New storage options and the luxury apartment community known as ‘Terrassa’ are aimed at enhancing infrastructure and accommodating the growing population. St. Johns County Expands with New RV Storage and Apartment Complex A look at how St. Johns County is adapting…

BlackRock Managed Funds and Accounts has provided Basis Industrial with a $101.5 million refinancing loan for a seven-property self storage portfolio. The assets are located across six different states, namely Massachusetts, New York, New Jersey, Pennsylvania, Michigan and Florida. Arrow Real Estate Advisors arranged the deal on behalf of the ownership. The seven facilities are the first properties within Basis Industrial’s portfolio to be developed and opened since the company began its self storage development program in 2021. Arrow Real Estate Advisors Managing Partner Morris Betesh and Senior Vice President…

Storage Post has secured a $47 million first mortgage loan for its 1,959-unit self storage facility at 444 E. 10th St., in Manhattan’s East Village neighborhood. Nuveen Real Estate issued the note in a transaction arranged by JLL Capital Markets. Storage Post and Almanac Realty Investors acquired the property in 2022 from a private individual, for $61 million. At the time, the owners landed a $40.3 million acquisition loan held by Heitman, with an initial maturity set for April 2025. Storage Post manages two other locations under the same brand…