Category: Self Storage News

Developer Breaks Ground on $40m Project, Including Self-Storage, in North Las Vegas, Nevada

A local developer has broken ground on a new commercial complex in North Las Vegas, with plans for restaurant space, a self-storage facility, and other uses. Paramount Engineering & Development founder Hamid “Henry” Moradi said construction crews started grading the project site, along Losee Road just south of the 215 Beltway, last month. The complex, called 215 Losee Village, is slated to include a car wash, gas station, eateries, dental office, tavern, liquor store and self-storage facility, he said. These and other businesses would be part of the first phase,…

Madison Capital Group Aligning Storage Platforms Under Go Store It Brand

National real estate investment firm launching Madison Marinas to oversee marina investments Madison Capital Group Holdings, a vertically integrated real estate investment and development firm, is merging BlueGate Boat & RV Storage into the Go Store It Self Storage platform and launching Madison Marinas as a dedicated division to oversee the firm’s marina investments, strategically aligning its recreational storage and marina businesses. The move is designed to streamline operations, strengthen brand clarity and support continued national growth across Madison’s alternative real estate platforms. Go Store It Self Storage will serve…

Storelocal Storage Expands with the Opening of Storelocal Storage Film Row in Oklahoma City, Oklahoma

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 Grows with Launch of Self-Storage Facility in Conway, Arkansas

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 Expands With Launch of Self-Storage Facility in Conway, Arkansas

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 is Set to Become Self-Storage Facility in North Bergen, New Jersey

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 Arranges $35 Million Financing For Five-Property Self-Storage Portfolio in Across Five US States

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 Arranges $12M Refinancing for Two Self-Storage Facilities in Suburban Detroit, Michigan

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…

City Council Grants Preliminary Approval for New U-Haul Self-Storage Building in Durango, Colorado

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,…

Three-Story Self-Storage Facility Under Construction in South River, New Jersey

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…