Update 4/10/17 – The Temple City Council has rejected a revised self-storage plan submitted by Jones, preserving a wildflower field on S. 31st Street. After the planning and zoning commission denied the original plan to be build the facility on 7…
EG Funds Management Buys StoreLocal Self-Storage Facility in Northcote, Australia
EG Funds Management, an Australia-based real estate fund manager, has acquired a StoreLocal self-storage facility in Northcote, Australia, for $13.45 million from storage investment group StoreInvest. The asset at 150 Arthurton Road comprises 4,650 squ…
Jernigan Capital, RRB Development Co-Invest on Atlanta Self-Storage Project
Jernigan Capital Inc., a merchant bank and advisory firm serving the self-storage industry, has closed on a $14.1 million self-storage investment with Atlanta developer RRB Development LLC. The companies intend to build a multi-story facility comprisin…
Murder Evidence Found in Fremont, CO, Self-Storage Unit
Evidence from the 2006 murder of a teenager was found last month in a Freemont, Colo., self-storage unit that had gone to auction after the tenant, a sheriff’s detective, failed to pay the rent. Fremont County Sheriff’s Office (FCSO) Lt. Det. Rob…
Marcus & Millichap Expands Atlanta Self-Storage Group
Marcus & Millichap, a commercial property-investment firm, announced the addition of Bruce Lynch and Lisa Loesel to The Gorman Group, a team of self-storage investment advisors based in the company’s Atlanta office. Both brokers live in and w…
Herro Brothers Gets Green Light for Oconomowac, WI, Self-Storage Facility
Real estate developer Mike Herro of Herro Brothers LLC received approval from city planners this week to build a new self-storage facility in Oconomowac, Wis. Council members unanimously approved the conditional use permit on Jan. 17 for the 3.1-acre p…
Ancillary Profit Centers: New Revenue for Self-Storage Operators
Offering ancillary products and services gives self-storage operators an opportunity to bring in new revenue and better meet customers’ needs. This article explores some of these profit centers.
Planning Board Backs Plan to Ban Self-Storage From 3 Districts in Woburn, MA
The Woburn, Mass., Planning Board has unanimously recommended the city council approve an ordinance that would eliminate self-storage as an allowable use in the city’s business-interstate, industrial-park and industrial-general zoning districts. …
Self-Storage Proposal Discussed in Petway, TN
Real estate developer Jason Walker is holding a public meeting on Jan. 26 to discuss his proposal to build a self-storage facility in Petway, Tenn. The Cheatham County Commission voted in December to postpone a discussion about rezoning the 6 acres of …
Storage Shop USA Gets Approval to Build Self-Storage Condo Units in Oak Creek, WI
Storage Shop USA, which operates 16 self-storage facilities in Wisconsin, received approval to build self-storage condominium units in Oak Creek, Wis. The Oak Creek Common Council agreed to a land-use change for the site at 331 and 401 E. Oak St. The u…