Real estate developer Central Bergen Properties reached a settlement last month with Wells Fargo in a foreclosure case involving a Safe and Secure Self Storage LLC facility in Garfield, N.J. Central Bergen owed $15 million on a $25 million mortgage fro…
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Storage Choice to Begin Construction on 3 Dallas-Area Self-Storage Developments
Storage Choice is building three multi-story self-storage facilities in and around downtown Dallas. Construction for the first property, a six-story, 130,000-square-foot facility in downtown Dallas, will begin next month. The facility is in the redevel…
Kent Space to Expand its Self-Storage Facility, Office Suites in Ashford, England
Kent Space is expanding its office suites and self-storage complex in Ashford, a town in Kent County, England. The addition to the property located in the Kingsnorth Industrial Estate is being spurred by “strong demand and a buoyant local economy…
U-Haul Acquires, Expands Water Tower Self Storage in Salisbury, MD
Phoenix-based U-Haul International Inc. has purchased Water Tower Self Storage in Salisbury, Md., as well as an abutting property on which it recently completed an expansion. U-Haul Moving & Storage of Salisbury at 1402 N. Salisbury Blvd. officiall…
MCSS Self Storage Expands Development Reach in South Florida
Update 2/14/17 – MCSS has purchased a property in Davie, Fla., on which it plans to build a self-storage facility. The parcel at 5678 S. University Drive is the 12th development site in South Florida the company has acquired, according to a press…
Scunthorpe Self Storage Completes Warehouse Conversion in Scunthorpe, England
Scunthorpe Self Storage has opened in the Skippingdale Retail Park in Scunthorpe, England. The 20,000-square-foot facility, which was converted from a former warehouse, features indoor units and automated services with 24-hour access, as well as wareho…
Budget Self Storage in Temple, Hills, MD, Sold for $4.25M
Budget Self Storage, a 64,440-net-rentable-square-foot facility in Temple Hills, Md., recently sold to a growing self-storage investor with properties in Maryland and Pennsylvania for $4.25 million.
Self-Storage REIT Extra Space Buys A-Alamo Storage in Houston
Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT) and third-party management firm, has purchased A-Alamo Storage, a 76,720-square-foot, 919-unit self-storage facility in Houston.
Storage Pros Sells 37 Self-Storage Properties to Joint Venture for $242.5M
Storage Pros Management LLC, which specializes in the acquisition, development and management of self-storage facilities in the eastern states, is in the process of selling the majority of its owned assets. The company has agreed to sell 37 properties …
New ISS Podcast Provides Self-Storage Real Estate Insight and Advice
Inside Self-Storage (ISS) has released a new podcast focused on the self-storage real estate market. Part of the “Sounds of Storage” series, the nine-minute recording features an interview with Ben Vestal, president of the Argus Self S…