Category: Self Storage News

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

Somerville, New Jersey’s Zoning Board of Adjustment has approved a five-story, 85,740-square-foot self-storage facility at 79 Route 206, with NAN Realty Holdings LLC winning a five-to-two vote after three hearings. Design revisions made during the review process included raising the first floor out of the floodplain, repositioning the gate entry, and adding vegetative buffering along residential edges. Opposition focused on building mass and proximity to the historic Wallace House. Board members in favor cited the condition of the vacant site and the comparatively low traffic impact of storage use. NAN…

The Los Angeles City Planning Commission has approved a mixed-use project in Sun Valley that would combine 220,000 square feet of self-storage with nine street-facing townhomes at 7528 N. Bellaire Avenue. Trojan Storage is the developer; Jordan Architects is handling design. The project still requires a zone change and general plan amendment before construction can proceed, with groundbreaking anticipated in 2026 and completion in 2027. The case is one of several in which operators have paired storage with residential units to meet municipal design standards in dense urban markets. Read…

ARCO National Construction’s New England division has delivered a three-story, 103,050-square-foot self-storage facility in Boylston, Massachusetts, for R.J. Kelly. The building includes 797 climate-controlled units and 46 drive-up units, with on-site office space and parking. The metal-framed structure features a TPO roof, 800-amp electrical service, and a wet fire suppression system. The completion adds a fully conditioned asset to R.J. Kelly’s Northeast portfolio and illustrates ongoing regional demand for climate-controlled self-storage construction. Read the Full Article Source: ARCO

Storelocal Storage has added four locations in California and Tennessee, all managed by Platinum Storage Group. The new facilities in Prunedale, Cameron Park, and Oakdale, California, and Spring Hill, Tennessee, offer varying unit types, including drive-up, climate-controlled, and RV storage. The additions bring Platinum’s managed portfolio to 47 properties. The expansion illustrates a broader pattern of independent operators adopting shared brand networks to gain marketing scale without surrendering individual ownership. Read the Full Article Source: PR Newswire (by CISION)

LSC Development has converted a former Staples building in Lombard, Illinois, into a five-story, climate-controlled self-storage facility at 665 W. North Avenue. The property includes 69,375 rentable square feet of storage, 14,960 square feet of parking, and 64 gated vehicle storage spaces. Groundwork, LTD designed the project; G.A. Johnson & Son served as general contractor; Byline Bank provided construction financing. Extra Space Storage manages the facility. The conversion is among a growing number of adaptive reuse projects repurposing vacant commercial buildings for self-storage in suburban markets. Read the Full Article…