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Monthly Archives: May 2016

Budget Store & Lock Acquires Douglassville, PA, Self-Storage Facility for $3.5M

Budget Store & Lock Self Storage has acquired Douglassville Self Storage in Douglassville, Pa., for $3.5 million. The property at 19 Broadmoor Blvd. is off U.S. Route 422, between Pottstown and Reading in Berks County.

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U-Haul Offers Free Storage and U-Boxes to Flood Victims in Vero Beach, FL

The U-Haul Co. of Eastern Florida is offering 30 days of free self-storage or U-Box portable storage to people who’ve been negatively impacted by the recent floods and tornadoes in Port Saint Lucie and Vero Beach, Fla. Families who need more info…

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Sovran/Uncle Bob’s Self Storage Acquires LifeStorage for $1.3B, Commences Corporate Rebranding

Update 7/18/16 – Sovran has completed its acquisition of LifeStorage. The purchase was funded primarily with the proceeds from an offering of 6.9 million shares of common stock and the sale of $600 million in 10-year notes with an interest rate o…

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Valet Self-Storage Startup Omni Raises $7M in Funding Led by Highland Capital Partners

Omni, an app-based startup specializing in valet self-storage services in San Francisco, has raised $7 million in a Series A round of investment to help fund market expansion and launch new service features. The round was led by venture-capital firm Hi…

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Designing for ‘Net Zero’ Energy Use: Austin, TX, Facility Raises the Eco-Friendly Standard for Self-Storage

A new CubeSmart self-storage facility in Austin, Texas, has achieved “net-zero” energy status, generating more energy than it uses. Learn about the property’s eco-friendly features as well as why the developer chose Austin as its loca…

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Real Estate Developer Rosenblum Cos. Proposes 5-Story Self-Storage Facility for Albany, NY

The Rosenblum Cos., a real estate developer specializing in office space, intends to build a five-story self-storage facility at 40 N. Russell Road in Albany, N.Y. If approved, the 100,000-square-foot facility will be built on the site of a former roll…

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Real Estate Firm NewQuest Properties of Houston Launches Self-Storage Development Group

Commercial real estate firm NewQuest Properties, which specializes in Texas retail space, has formed a self-storage development group and will break ground on two Houston projects this fall. The multi-story facilities will comprise up to 80,000 square …

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AMERCO Real Estate Proposes U-Haul Self-Storage Facility for Howell, NJ

Update 5/10/17 – AMERCO Real Estate has withdrawn its application for a zoning variance and decided to proceed with the township’s previous approval for a self-storage facility on the Route 9 property, zoning board secretary Eileen Rubano t…

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GTown Storage Plans 6-Story Self-Storage Facility for Germantown, TN

Update 3/7/17 – The planning commission is scheduled to vote on the self-storage site plan for Germantown Urban Storage on April 13. New figures from the investment group, doing business as GTown Storage LLC, decreased storage space to 90,000 squ…

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Director of Lock Stock Self Storage in North Wales Cycles for Charity

Nick Powell, director of Lock Stock Self Storage in North Wales is participating in a bike race next month to raise money for St. Kentigern Hospice, which provides medical care and support to terminally ill patients and their families. Powell, who is a…

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