Update 6/18/15 – IREC has completed construction on the Global Self Storage expansion project, adding 23,650 square feet of storage space with the two-story building. The project included an elevator and two stair towers. A combination of brick and stu…
Self-Storage Facility and Microbrewery Approved in Fort Collins, CO
Update 11/17/15 – Fort Collins Self-Storage won unanimous approval from the planning and zoning board last week, clearing way for the company’s Lemay Avenue Brewery & Self-Storage Facility project. The seven-building storage facility wi…
Bentonville, AR, Commission Approves Plans for Mixed-Use Self-Storage Complex
Plans for a mixed-use self-storage complex were approved this week by the Bentonville, Ark., Planning Commission. BOS Park will be developed in two phases on 12.26 acres at Greenhouse Road and Southwest Airport Regional Boulevard. Phase one will be bui…
Self-Storage Development Request Denied in Belle Plaine, MN
A request by real estate developer Scott Schmidt to construct two self-storage buildings on vacant parcels he owns in Belle Plaine, Minn., was rejected this week by the city council. In a 4-0 vote, the council agreed with the planning commission’…
Metro Storage Conversion of Former Car Dealership to Self-Storage Opens in Blaine, MN
Metro Storage LLC opened a self-storage conversion of a former Dodge auto dealership in the Minneapolis suburb of Blaine, Minn. The multi-story facility encompasses 75,000 rentable square feet of storage space in 627 units, most of which offer climate …
Self-Storage Overbuilding: Could It Happen in Your Market?
While the general market fundamentals are compelling for new self-storage development around the country, there’s also the possibility of markets becoming overbuilt. If you’re looking to build self-storage, here’s some advice on how t…
Metro Storage to Convert Former Liquor-Distribution Center to Self-Storage in Brown Deer, WI
Metro Storage LLC, which operates more than 90 self-storage facilities in 11 states, opened a conversion project this week. The new building consists of 58,000 rentable square feet of storage space and three newly constructed buildings that add another…
Westport Properties Buys Vista Self Storage in Orlando, FL, for $11.8M
Westport Properties Inc., which operates 85 self-storage facilities under the US Storage Centers brand, recently purchased Vista Self Storage in Orlando, Fla., for $11.8 million, or about $121 per square foot. The price was a substantial premium over t…
Yardi Releases ‘Yardi Genesis2 for Self Storage’ Software Package
Real estate software firm Yardi Systems Inc. has released its first mobile, Web-based, cloud-hosted product designed for self-storage operators. Yardi Genesis2 for Self Storage is built on a software-as-a-service platform and designed to streamline pro…
Planning Commission Approves Self-Storage Development in Paso Robles, CA
Real estate developer William Tucker received approval last week to build Theatre Drive Mini-Storage in Paso Robles, Calif., on 4 acres of land in a shopping center anchored by Idler’s Home, an appliance store. The facility at 2161 Theatre Drive …