An iconic building in Atlanta’s Midtown area, often referred to as the “flying saucer” or “round restaurant,” could be in danger of being torn down in favor of a five-story self-storage structure proposed by local real est…
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Natchez Group to Replace Old Hotel With Self-Storage in Chattanooga, TN
Self-storage developer The Natchez Group plans to tear down a rundown motel in Chattanooga, Tenn., and build a mixed-use development that will include self-storage and a commercial center. The Great Value Inn, formerly known as the Cherokee Motel, at 1…
2 Self-Storage Projects Approved in Oakley, CA
Update 8/16/16 – The Oakley City Council has approved two general-plan amendments in which the land-use designations were changed to accommodate self-storage developments. The rezoning of the JMI Properties project at 4275 Neroly Road was changed…
Andover Properties/Storage King USA Acquires North Main Self Storage and Froggy’s Car Wash in Summerville, SC
Andover Properties LLC, a private real estate investment company, has acquired North Main Self Storage and the adjacent Froggy’s Car Wash in Summerville, S.C. It’s the company’s first foray into the carwash industry, which it intends …
Public Storage Buys Southlands Self Storage in Aurora, CO, for $8.6M
Public Storage Inc., a self-storage real estate investment trust (REIT), has purchased Southlands Self Storage in Aurora, Colo., for $8.6 million, or $155 per square foot. The property at 5900 S. Gun Club Road is adjacent to shopping centers and across…
Stow, OH, City Council Approves Allen Road Self-Storage Proposal
MRT Properties Inc. received permission last month to move forward with its development project in Stow, Ohio. With a 4-2 vote on Oct. 13, the city council approved the conditional-zoning certificate for a 13,000-square-foot building on the 3.5-acre va…
Self-Storage Finance Firm Jernigan Capital Signs Stock-Purchase Agreement With Highland Capital
Jernigan Capital Inc. (JCAP), a merchant bank and advisory firm serving the self-storage industry, has signed a stock-purchase agreement with accounts managed by NexPoint Advisors L.P., an affiliate of investment adviser Highland Capital Management L.P…
Westy Self Storage of Stamford, CT, Wins ‘Best of the Gold Coast’ Award
Westy Self Storage of Stamford, Conn., was recently named a “Best of the Gold Coast” winner in the “Storage Facility” category by Moffly Media, which offers lifestyle events, publications and a website to residents in Fairfield …
Family-Owned Self-Storage Facility Expands in Middletown, PA
PA Large Storage in Middletown, Pa., is adding three new self-storage buildings this year to its property at 2912 River Road. Founded three years ago by brothers Josh and Nick Matincheck, the business opened with a single building that catered to vehic…
Guardian Storage to Open Self-Storage Facilities in Boulder and Longmont, CO
Guardian Storage, which operates 21 self-storage facilities in Colorado and Pennsylvania, expects to open two new locations in Boulder and Longmont, Colo., this month. The $5.4 million, three-story property at 5000 Broadway in Boulder will comprise 35,…