National Storage Affiliates Trust (NSAT), a Maryland real estate investment trust (REIT) specializing in self-storage, has acquired the Ace Storage portfolio in the St. Louis market. The transaction includes six properties comprising 440,059 square fee…
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Industrial Warehouse in Weston, FL, to Become Self-Storage
Real estate investor Leo Ghitis has purchased a vacant industrial warehouse in Weston, Fla., for $8.1 million with plans to convert it to self-storage. The property at 1500 N. Park Drive is in the Weston Park of Commerce.
Benchmark Secured Storage Builds New Facility in Hartland, WI
Benchmark Secured Storage of Hartland LLC is building a new self-storage facility in Hartland, Wis., near a commercial park and close to Wisconsin Highway 83. Managing members and lifelong friends Doug Hafemann and Aaron Kahle have raised $1 million of…
All About Storage Opens New Omaha, NE, Location
All About Storage is developing a self-storage facility in Omaha, Neb., its third in the state. The property at 11634 I St. is slated to open within three months, according to a company press release.
Developer Aims to Build Combination Self-Storage, Gas Station in Elk Grove, CA
Development company RD Capital is seeking zoning approval to build a mixed-use property in Elk Grove, Calif., that will include self-storage as well as a 7-Eleven gas station and convenience store. The proposal is for the 4.7-acre property on the north…
Self-Storage Owner/Developer Ventures Into LA Music Scene
Self-storage owner and developer Hugh W. Horne is backing a new music venue called The Lodge Room that’s opening next month in a building he owns at 104 N. Ave. 56 in Los Angeles. The entertainment setting will offer 500 seats in 8,000 square fee…
Self-Storage Rental Rates Continue to Grow in Arizona
Rental rates for self-storage units in Arizona have increased 15 percent since 2013, though the pace of growth has slowed during the last three years, according to data released this week by SpareFoot, an online marketplace for self-storage consumers. …
Peer-to-Peer Self-Storage Marketplace SimplyStow to Launch in Lancaster, PA
SimplyStow, a Lancaster, Pa.-based startup, is scheduled to launch a peer-to-peer self-storage marketplace next month that will serve the local community and student body at Franklin & Marshall College (F&M). Similar to other shared-economy net…
Expansion Plans Approved for Village Self-Storage in Mattapoisett, MA
The Mattapoisett, Mass., Zoning Board of Appeals unanimously approved a zoning request last month for the expansion of Village Self-Storage. The property owner requested a special permit and a variance to construct a 60-by-20-foot storage building…
Derrels Mini Storage Seeks to Build Self-Storage Facility in Visalia, CA
Derrel’s Mini Storage is seeking approval to build a new self-storage facility in Visalia, Calif., but because of the location of the proposed site, it will require approval from the county as well as the cities of Tulare and Visalia. The 14-acre…