Self-storage owner Phillip McDermott this week opened A-Plus Mini Storage in Rock Falls, Ill, just three months after purchasing the land to build the business. The facility at 1805 Industrial Park Road sits on 3 acres and currently offers 30 large sto…
Self-Storage REIT National Storage Affiliates Trust Declares 3Q 2015 Dividend
The board of trustees for National Storage Affiliates Trust (NSAT), a Colorado-based real estate investment trust (REIT) specializing in self-storage, has declared a second-quarter dividend of $0.19 per common share.
SuperStorage Operator Buys Lakeside Self Storage in Lakeside, CA, for $2.8M
Lakeside Self Storage in Lakeside, Calif., recently sold for $2.8 million to Lakeside Storage I LLC, a California-based limited-liability company that operates 12 SuperStorage locations in the Central Coast and Southern California. The 266-unit propert…
Real Estate Service Firm Cushman & Wakefield Completes Merger With DTZ
Commercial real estate firm Cushman & Wakefield has completed a merger with global real estate adviser DTZ. The combined company will operate under the Cushman & Wakefield name. Together the firms have a combined $5 billion in revenue, 43,000 e…
General Storage Co. of Singapore Acquires Store Friendly Self Storage Group
General Storage Co. Pte. Ltd. (GSC), which operates self-storage facilities in Singapore under the Lock+Store brand, has acquired Store Friendly Self Storage Group Pte. Ltd. from Store Friendly Asia Holdings Ltd. for $12 million SGD, according to a pre…
Tapping Into Your Self-Storage Customers’ Wish List
What services do self-storage tenants want that they’re not already getting? Red Cube Storage in Birmingham, England, surveyed customers for their wish-list items, and while some were satisfied with the service they’re receiving, guest blog…
National Storage REIT of Australia to Acquire Self-Storage Facility in Cairns, Queensland
Australian self-storage operator National Storage REIT (NSR) has agreed to purchase a storage facility in Cairns, Queensland, for $9.9 million. The unnamed property comprises more than 5,200 square meters of rentable space in 550 units. The deal is exp…
Stack-It Storage Enters Self-Storage Business With Purchase of Huffman, TX, Facility
Stack-It Storage Inc., a Houston-based self-storage business, has closed the acquisition of its initial operating facility in the storage industry. It will be owned by a newly-formed subsidiary of the company and operated under the brand Stack-It …
Premier Storage Proposes to Convert Former Nightclub to Self-Storage in Cottage Grove, MN
Premier Storage LLC, a Minneapolis-based self-storage operator, is proposing to buy a former nightclub in Cottage Grove, Minn., and convert it to a 71,000-square-foot, mixed-use self-storage facility. The Cottage Grove City Council is expected to appro…
Self-Storage Operator Westport Properties/US Storage Centers Appoints New General Counsel
Westport Properties Inc. (WPI), which operates 86 self-storage facilities under the US Storage Centers brand, has appointed Peter Watson as general counsel. His responsibilities will include overseeing all legal and risk-management matters within the c…