Category: Self Storage News

Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio

Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has arranged a $425 million loan on behalf of Centerbridge Partners and Merit Hill Capital for the refinancing of a national portfolio of 78 self-storage properties (“the Portfolio”). Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Director John Caraviello secured the financing from Citigroup and Goldman Sachs. The Portfolio totals nearly…

Etude Capital Acquires 9-Property Storage Portfolio

Etude Capital announced today the acquisition of nine self-storage properties comprising over 800,000 net rentable square feet and more than 6,600 units for an aggregate purchase price of approximately $166 million. The properties were acquired from a single seller and are located in Northern and Southern California and Las Vegas, Nevada. The properties will be managed by Extra Space Storage. “We are pleased to add these assets to our national portfolio and expand our West Coast footprint,” said Alex Hansen, Director of Self-Storage Acquisitions at Etude. “This transaction underscores Etude’s…

West Coast Self-Storage Opens New Facility in Indio, California

West Coast Self-Storage, a leading self-storage property management company, is pleased to announce the opening of its newest facility, West Coast Self-Storage Indio, located at 83534 Dr. Carreon Blvd. in Indio, CA at the corner of Calhoun Street and Dr Carreon Blvd. The new facility is designed to serve residents and businesses throughout Indio and the greater Coachella Valley. The brand-new, state-of-the-art facility features a wide variety of storage options, including climate-controlled indoor units ranging from 5×5 to 10×20, drive-up units in 10×15 and 10×20 sizes, and covered and uncovered…

West Coast Self-Storage Opens New Self-Storage Facility in Indio, California

West Coast Self-Storage, a leading self-storage property management company, is pleased to announce the opening of its newest facility, West Coast Self-Storage Indio, located at 83534 Dr. Carreon Blvd. in Indio, CA at the corner of Calhoun Street and Dr Carreon Blvd. The new facility is designed to serve residents and businesses throughout Indio and the greater Coachella Valley. The brand-new, state-of-the-art facility features a wide variety of storage options, including climate-controlled indoor units ranging from 5×5 to 10×20, drive-up units in 10×15 and 10×20 sizes, and covered and uncovered…

Self Storage Opens with Professional Management in Orlando, Florida

Local owners of Colonial Drive Self Storage proudly announce the acquisition of the self-storage facility at 4815 West Colonial Drive Orlando, FL 32808. This facility, being managed by Absolute Storage Management (Absolute), features 1,174 units totaling 101,207 rentable square feet. It offers safe and secure climate-controlled unit options to the local communities of Orlando, Kissimmee, and Sanford. Colonial Storage Holdings LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of August 14, 2025. Residents and businesses…

New Self Storage Facility Opens to Serve Growing Batavia, Illinois Market

Atlanta-based Noble Storage today announced the grand opening of its newest facility, Space Shop Self Storage, located at 2345 Mill Street in Batavia, IL. This 100% climate-controlled facility offers 968 modern storage units designed to provide residents and businesses with a clean, safe, and convenient place to store their belongings. “Our mission is to deliver space-saving solutions that make life easier for our customers,” said Brad Noble, President of Noble Storage. “The Batavia area is experiencing tremendous growth, and we’re proud to introduce a state-of-the-art facility that’s not only secure…

VanWest Partners Completes Self Storage Expansion in Jacksonville, Florida

VanWest Partners announces the completion of a major expansion at its Jacksonville, Florida, self storage facility located at 6664 Firestone Road in the rapidly growing southern Jacksonville submarket. ClearHome Self Storage – Firestone Road was originally acquired in May 2024, marking VanWest’s ninth self storage acquisition in Florida over the past five years. The facility, originally constructed in 2021, consisted of 39,570 net rentable square feet across a mix of climate-controlled and non-climate-controlled units. The newly delivered expansion on the western half of the property adds more than 28,000 square…

Smith’s Storage Opens New Self-Storage Facility in Smiths Station, Alabama

Smith’s Storage is excited to announce the opening of its newest self-storage facility at 1491 Co Rd 298 in Smiths Station, Alabama. This modern storage facility has been designed with the community in mind, offering convenient features, reliable security, and a wide selection of storage units to meet the needs of both residents and local businesses. The addition of this facility provides an important resource for the growing Smiths Station area. Customers will enjoy 24-hour access, making it easier than ever to retrieve or store belongings according to their own…

Self-Storage Conversion, Expansion Underway in Midtown Manhattan, New York

Work is ramping up on 152 West 36th Street, a 15-story Manhattan Mini Storage facility in Midtown, Manhattan’s Garment District. Designed by JMN Architecture and developed by Flatiron Equities and Mequity Companies, the project involves the conversion and vertical expansion of an existing eight-story Class C office building, and will yield 1,500 storage units across 75,000 square feet. The property is located between Sixth and Seventh Avenues. The rendering in the main photo shows the new floors above the current cornice line enclosed in gray and white paneling, with the…

Self Storage Opens with Professional Management in Birmingham, Alabama

Local owners of Green Springs Mini Storage proudly announce the acquisition of the self-storage facility at 626 Robert Jemison Road, Birmingham, AL 35209. This facility, being managed by Absolute Storage Management (Absolute), features 710 units totaling 65,477 rentable square feet. It offers to provide safe and secure non-climate and parking unit options to the local communities of Birmingham, Homewood, and Mountain Brook. GS Mini Storage LLC has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services, and the facility is officially under Absolute’s management as of August…