Category: Self Storage News

Bineth Group Expands Self-Storage Portfolio in Elizabeth and Pennsauken, New Jersey and Buffalo, New York

Bineth Group and Upper Space Group expanded their self-storage holdings with new facilities in Elizabeth and Pennsauken, New Jersey, and the acquisition of a property in Buffalo, New York. The projects add climate-controlled storage capacity in high-density Northeast markets serving residential and commercial users. Extra Space Storage will manage the two New Jersey facilities, including an 89,000-square-foot property in Elizabeth and an 869-unit site in Pennsauken. The expansion highlights continued investment in self-storage assets near major transportation, logistics, and population centers across the Northeast. Read the Full Article Source: Real…

Extra Space Storage Expands Management Presence in New Caney and Porter, Texas

Extra Space Storage has assumed management of three self-storage facilities in New Caney and Porter, Texas, previously operating under the BestBox Storage brand. The properties, which opened between late 2023 and mid-2024, include features such as video surveillance, coded gate access, and protection plans. The management transition reflects ongoing consolidation trends in the self-storage sector, with larger operators continuing to expand through third-party management and branding agreements in fast-growing suburban markets. Read the Full Article Source: Community Impact

Two Self-Storage Developments Advance in Joliet, Illinois

The Joliet City Council approved two self-storage developments in a narrow 5-4 vote, including a Menards-backed conversion of a former restaurant-and-entertainment property and a separate proposal for a site on Drauden Road that had previously been rejected. Supporters cited limited demand for alternative commercial uses, while opponents questioned the need for additional storage facilities in the market. The decisions highlight the continued reuse of underperforming retail and commercial properties for self-storage projects in suburban markets. Read the Full Article Source: Shaw Media

The Storage Center Opens New Self-Storage Facility in Sulphur, Louisiana

The Storage Center has opened a new self-storage facility in Sulphur, Louisiana, adding 679 climate-controlled units across roughly 80,200 square feet. The four-story property is located near Interstate 10 within a corridor tied to ongoing industrial, commercial, and residential growth in the Lake Charles area. The development reflects the continued expansion of climate-controlled and multi-story storage projects in Gulf Coast markets, where operators are adding capacity to meet population growth, business activity, and demand from the construction and industrial sectors. Read the Full Article Source: PR Newswire (By CISION)

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)