U-Haul
On Aug. 1, U-Haul will celebrate its newest location with a grand opening. U-Haul Moving & Storage of Fox Cities North in Kaukauna, Wis., offers more than 1,000 units, climate-control options, high-tech security features, truck and trailer rentals, moving supplies, hitch installations, propane exchange, and 672 U-Box portable storage containers housed in a 12,000-square-foot warehouse.
Extra Space Storage
Quinlan Development Group LLC has completed a 95,200-square-foot facility on 5.5 acres in Budd Lake, N.J. It was designed by Ware Malcomb; Gerard Construction served as the general contractor. The four-building property offers 761 units, video surveillance, parking, drive-up and gated access, and contactless renting. It is operated by Extra Space Storage.
Storage King
Andover Properties has expanded one of its Storage King properties. The 137-unit expansion occurred at 14774 W. State Highway 29 in Liberty Hill, Texas, and increased the site’s existing space by 20,201 net rentable square feet or 75 percent. It also created options for boat and RV storage, with spaces ranging in size from 12-by-40 to 12-by-25.
Moove In Self Storage
Moove In Self Storage is preparing to open three new and expanded facilities in York County, Pa., over the next year. The 580-unit, climate-controlled conversion project in Dover is expected to open this December; it adds a new two-story, 58,192-square-foot building to the 41,162-square-foot grocery store. The ground-up construction in York will have four over/under two-story buildings totaling 100,100 square feet and 701 units; it’s slated to open in April 2025. The expansion project at the existing Moove In Self Storage location will add a new three-story, 58,075-square-foot building with 375 climate-controlled units and eight drive-up units; it has 132 existing drive-up units.
U-Haul
U-Haul has announced plans to build a three-story facility on a 5.3-acre site in Athens, Ala. U-Haul Moving & Storage in Athens, which will offer 1,100 units, is slated to open March 2026.
Plans also call for the creation of a U-Box warehouse that will hold up to 1,000 portable moving and storage containers.
Windsor Storage
Windsor Storage, a family-operated facility in Windsor, Colo., is now open for business. The property offers climate-controlled units, indoor RV and boat storage, and outdoor parking spaces. It provides high-tech security options through fencing, gated access, and 63 video surveillance cameras, including infrared and spotlighted night cameras.
Movables
Movables, a portable storage company that provides deluxe container boxes to residents and businesses, celebrated its grand opening today at 120 Federal Road in Welland, Ontario in Canada. The business is owned by Anthony Continelli, who also owns Abbot Self Storage in nearby St. Catharine's, Ontario. 300 portables containers will remain on-site and others will be delivered to renters via specially-equipped truck. Read the full story here.
U-Haul
U-Haul Moving & Storage of Elizabeth City is constructing two large buildings on 18.6 acres in Elizabeth City, N.C. One will be a retail, moving, and self-storage facility, while the other will serve as a warehouse for U-Box portable storage containers. Plans call for a three-story building of more than 100,000 square feet and 700-plus climate-controlled units. The retail center will offer a retail showroom, truck and trailer sharing, boxes and moving supplies, towing equipment, professional hitch installation, and more. The entire project is expected to be completed early next year.
Go Store It Self Storage
Go Store It Self Storage (GSI), an affiliate of Madison Capital Group Holdings, has opened a new, 107,000-square-foot facility in Opa-locka, Fla. The Class-A, five-story property, which offers 777 climate-controlled units, was designed by Ken Carlson Architects and inspired by Opa-locka’s rich history and Moorish Revival architecture. DC Construction served as the general contractor; FrontRange Capital Partners capitalized the project.
Compass Self Storage
Compass Self Storage, a member of the Amsdell family of companies with over 100 locations nationwide, has opening of their new state-of-the-art storage center located at 1685 Hwy 17 N in Eagle Lake, Florida. This Compass location offers over 95,800 net rentable square feet and represents the company’s 33rd location in the state of Florida. The facility features climate controlled storage, drive up units, Boat and RV covered parking storage, and a free smart lock is included on all storage units. This location also offers 24-hour digital surveillance and onsite truck rental.
Guardian Storage
Guardian Storage, which operates 22 locations across Pennsylvania and 15 properties in Colorado, is expanding into West Virginia with a new property near Morgantown that is set to open by the end of July. A three-story, 88,400-square-foot facility, Guardian Storage Star City offers 728 climate-controlled units. It was designed and built by Desmone Architects and Arco Murray.
Trojan Storage
Trojan Storage has received approval to build a 193,000-square-foot, mixed-use facility in Sylmar, Calif. In addition to self-storage units, the property will offer 25 apartments above offices and contain a lobby, recreation room, and artist studios around a central courtyard.
Designed by San Clemente-based Jordan Architects, the project will wrap the apartments around a four-story storage building and a three-story building containing both storage and apartments. Parking lots and ground-floor garages would serve 78 cars.Carrier Construction Inc.
Two conjoined four-story, historic brick buildings in Hartford, Conn., will be converted into self-storage, office, and retail space. The property was acquired by Carrier Construction Inc. from Bristol Hospital Inc. last January for $940,000. The upper floors of the buildings will feature 376 climate-controlled units, and there will be approximately 5,000 square feet of space on the first floor for retail and/or commercial offices. Carrier expects the project to cost about $1.8 million; it’s scheduled to be completed by the summer of 2025.
U-Haul
U-Haul Holding Co. has submitted plans to the city of Scottsdale, Ariz., to convert a former scrapyard into a three-story, 190,000-square-foot facility. U-Haul, which purchased the site in 2020 for approximately $5.6 million, hired RKAA Architects Inc. to navigate the municipal application process in hopes of bringing the 1,394-unit project to fruition. Should it be built, U-Haul Moving & Storage at Pinnacle Peak would also offer 3,000 U-Boxes.
CubeSmart
DJSA Architects and Integrated Builders recently teamed up to build a new, 93,000-square-foot CubeSmart Self-Storage facility in Hingham, Mass. Offering 676 units, the climate-controlled, multistory property also has a 30,000-square-foot warehouse under construction.
Broad Ave Self Storage
Broad Ave Self Storage just held its grand opening in Memphis, Tennessee. Located at 2650 Broad Avenue, this newly developed facility offers 370 units totaling 47,085 rentable square feet. It provides secure, climate-controlled storage options to the communities of Binghamton, Midtown, Grahamwood, and the greater Memphis area. Broad Ave Self Storage is now under the professional management of Absolute Storage Management (Absolute), effective May 21, 2024.
Cedar Creek Capital
Cedar Creek Capital announced a recently acquired self-storage facility in Moore, Oklahoma. Acquired in 2023, this state-of-the-art facility features 60,951 rentable square feet and 460 units, presenting a prime investment opportunity in a high-demand market. The facility offers modern amenities, including climate-controlled units, 24/7 security surveillance, and convenient online booking and payment systems.
DXD Capital
City permits have been issued to an entity linked to Albuquerque-based DXD Capital for a self-storage project at what the company's principal and fund manager calls "the main and main streets" in Scottsdale. The 94,000 square-foot facility will be branded as ExtraSpace.
10 Federal
10 Federal announced the newest addition to its portfolio at located in Kannapolis, North Carolina. The facility features 357 units and offers both climate controlled and non-climate controlled options.StorageMart
StorageMart has added a newly constructed facility in Silverthorne, Colo., to its portfolio. Developed by REA Development Corporation, the 93,755-net-rentable-square-foot property will operate under StorageMart third-party management. It offers a total of 835 drive-up, heated, and climate-controlled units while providing 24/7 customer support, gated access, and moving supplies for purchase.
Guardian Storage
Guardian Storage has opened its second newly constructed property in Fort Collins, Colo.—its 15th in the state and 38th in its portfolio. The four-story, 89,500-rentable-square-foot, climate-controlled facility offers 759 units, conference room, package acceptance, free move-in truck, covered loading docks, and proactive pest control measures. Guardian partnered with Desmone Architects and Arco Murray to design and build the property.
Extra Space
A newly constructed facility has opened in Los Angeles, Calif. The 80,000-square-foot property is operating under the Extra Space Storage brand. Seven Hills Realty Trust, managed by Tremont Realty Capital, closed on a $23.8 million first mortgage floating rate loan to recapitalize it.
The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements.
Public Storage
Public Storage has opened a new facility in Bellevue, Wash. The four-story, 276,220-square-foot property is four times larger than its previous facility on this site, which was razed in 2021 to accommodate the new build.
Warren RV Storage
Warren RV Storage in Warren, Mich., will be expanding its services thanks to a newly formed partnership with goHomePort. Through goHomePort’s four service bays and a repair shop, Warren RV Storage will now provide on-site maintenance services to its self-storage customers who are storing RVs, commercial trailers, food trucks, and other vehicles. Additionally, RV owners can request valet service from their storage space to a service bay, including battery-system upgrades, camper-van modifications, and the installation of solar panels, hitches, or towing systems.Marc Tropp, a senior managing director with Eastern Union, arranged $10.1 million in financing for the ground-up construction of a five-story, 690-unit, facility in Davenport, Fla. The climate-controlled property will have a gross square footage of 103,020 square feet and 76,431 square feet of rentable space. It will be operated by CubeSmart. Lender and owner were not disclosed.
Cedar Creek Capital
Cedar Creek Capital, Attorney Ken Pinkard, HGTV star Tareq el-Moussa, and former Congressman Barry Goldwater Jr. are teaming up on a project to build a 186,000-square-foot, 925-unit facility in Surprise, Ariz. The $32 million project will offer 54 RV and boat storage spaces as well. Designed by RKAA Architects Inc., the facility will be operated under the Storelocal Storage brand.
Premier Storage at Friendship Road
Premier Storage at Friendship Road, a new, 75,755-rentable-square-foot facility in Hoschton, Ga., has opened for business. The state-of-the-art site, which offers 441 units, is managed by Absolute Storage Management.
Noble Self Storage
Noble Self Storage has begun construction a two-story, 130,000-square-foot, climate-controlled facility on 17.66 acres in Batavia, Ill. The property, a former Sam’s Club, will also host a 44,729-square-foot, high-end electric car dealership on the property’s frontage. The project is projected to be completed in early 2025.
Region Self Storage
Region Self Storage has completed phase one of its new, approximately 13-acre site in Hobart, Ind. Phase one features an 11,200-square-foot commercial building and five self-storage buildings with a total of 132 units. When completed, the development will have five 11,200-square-foot commercial buildings and eight self-storage buildings with more than 230 units.
U-Haul
The newest U-Haul center in Texas is U-Haul Moving & Storage of Lake Livingston. Formerly known as the Lake Livingston Outlet Mall, the repurposed property is located off Highway 59, less than 20 miles from Lake Livingston. Following the renovations, the facility will offer approximately 500 units, truck rentals, trailers, towing devices, boxes and moving supplies, and a warehouse for U-Box portable storage containers as well as RV and boat storage, professional hitch installation, and propane.
Flagstaff Ranch Self Storage
Flagstaff Ranch Self Storage in Flagstaff, Ariz., has expanded its offerings once again. This recent expansion, the fourth for the site, adds 43,810 square feet, bringing the total square footage to 211,209 square feet and making it the largest storage facility in Northern Arizona. The new 74 fully enclosed RV and boat units will be open to the public on July 1. Situated on 13 acres, Flagstaff Ranch boasts a 60-foot drive isle and various unit sizes, including 14-by-40, 14-by-45, and 14-by-50. A fifth expansion of 21,825 square feet of fully enclosed RV and boat storage is already planned for 2025.
DXD Capital
Developer DXD Capital recently constructed a 761-unit facility in Toms River, N.J. The four-story building spans 62,818 net rentable square feet and features multiple elevators and a drive-in loading area. DXD Capital acquired the site in summer 2022. Public Storage will operate the facility.
U-Box By U-Haul
U-Box Moving & Storage of Hammond is scheduled for completion by summer 2026. The 2.7-acre property is one-third of a mile from the existing store in Hammond, Ind., which will be operated remotely. Plans call for a three-story building with 676 climate-controlled units. Customers will also have access to truck and trailer sharing, U-Box portable storage containers, towing equipment and professional hitch installation, propane, boxes and moving supplies, and more.
Lanier Islands Storage Caves
David Blum, managing director of Northmarq’s Newport Beach debt and equity team, and Alvin Cao, investment analyst, have arranged $8 million in construction financing on behalf of the borrower, Storage Caves-Lake Lanier Buford, for Lanier Islands Storage Caves, a proposed storage facility with both industrial condominium units and RV and boat storage on 7.67 acres in Buford, Ga. Plans for the climate-controlled storage condos include electricity as well as the ability for tenants to upgrade and customize their units.
Bakke Development
Through a joint venture with BCDC, Bakke Development has broken ground on a three-story facility in San Antonio, Texas. Security State Bank provided the construction financing; Alamo Architects Inc. and Independent Contractors Inc. will design and erect the building. Upon completion, it will offer 751 climate-controlled units and 86,475 rentable square feet. The development, which is the partnership’s seventh project, is slated to be delivered in the second quarter of 2025.
CubeSmart
A new, two-building CubeSmart Self Storage facility is opening in Aldan, Pa. Blue Devil Realty LLC purchased and redeveloped the property, which included an extensive environmental cleanup. CubeSmart manages the 718-unit, climate-controlled site.
Spartan Investment Group
Spartan Investment Group has closed on the last parcel of land available for self-storage development in Eustis, Florida, with plans to build a 76,200-square-foot ground-up facility. Located at 36536 S Fish Camp Road, construction of the Eustis facility is expected to begin in June 2024. The Class A facility will offer 606 climate-controlled self-storage units, providing premium options tailored to Florida’s unique storage needs. Its prominent location on County Road 44 ensures high visibility and ease of access for customers.
White Oak Real Estate Capital
White Oak Real Estate Capital (WOREC), an affiliate of White Oak Global Advisors, and Thorofare Capital have announced a $21.5 million two-year, floating rate senior loan for the acquisition and conversion of property into a Class-A, 30,540-square-foot facility with 300 climate-controlled units. The loan was used to fund the acquisition of the eight-story property in the Tribeca neighborhood of Manhattan and includes future funding towards the construction and lease-up of the facility. CSP Properties LLC is the new owner of the property; it will be operated by Public Storage.
Stuf Storage
Stuf Storage has opened a 180-unit facility in Brooklyn, N.Y. The 15,000-gross-square-foot property is owned by local developer RXR. Stuf Storage now operates about 30 facilities across seven states.
Go Store It Self Storage
Go Store It Self Storage, an affiliate of Madison Capital Group, has opened a new, 48,000-square-foot facility in Pico Rivera, Calif. The state-of-the-art facility offers 600 units, climate-controlled options, and high-tech security features.
U-Haul
U-Haul has acquired a former Kmart that was converted into a self-storage facility by Karam Self Storage. Following the conversion, it didn’t open for business. Now known as U-Haul Moving & Storage of Germantown, it’s the ninth U-Haul owned and operated store within the Memphis city limits and will offer 937 units after the company adds 200 units in the coming months.
DXD Capital
DXD Capital has broken ground on a 48,720-square-foot facility in Kihei, Hawaii. Plans call for the facility to have 357 drive-up units totaling 45,863 net rentable square feet. It’s expected to open in the first quarter of 2025.
Gantry
Independent commercial mortgage banking firm Gantry has secured $15.55 million between two loans for the acquisition of existing self storage facilities located in Virginia and New Jersey, now owned and operated by Moove In Self Storage. The first asset offers 501-units located at 18004 Center Dr in Ruther Glen, VA, with the second featuring 454-units located at 350 Swedesboro Ave in Mickleton, NJ. The loans were secured on behalf of the Sponsor, a regional owner-operator of over 80 storage facilities. The two loans, arranged by
Gantry’s Andy Bratt, Amit Tyagi, and Sean Kuang, were provided by a bank and a debt fund, with terms including interest only, prepayment flexibility, and favorable rates.
Midgard Self Storage
Midgard Self Storage has opened its newest facility in Sapphire, N.C. It offers climate-controlled units, 24-hour access, and state-of-the-art site check-in, as well as U-Haul rentals and packing and moving supplies.
Ironside Storage
Ironside Storage’s new, state-of-the-art facility in Redmond, Ore., opens on May 17. Designed by Designhaus Architects and developed by BECON Civil Engineering & Land Surveying, the 79,198-rentable-square-foot facility offers 549 storage units and U-Haul truck rentals as a U-Haul Neighborhood Dealer. Its advanced security measures include 24-hour surveillance cameras, gated access, and personalized entry codes. The facility will be managed by West Coast Self-Storage Group.
InSite Property Group
Insite Property Group opened of its newest facility, SecureSpace Los Angeles Avalon. The newly-built Class A facility is located on the heavily trafficked Avalon Boulevard. It offers 89,127 square feet of climate-controlled storage, with unit sizes ranging from 5’x5’ to 10’x25’. The facility features an a leasing office with free WiFi, a loading area, an open concept workspace, and packing supplies, and it is equipped with SecureSpace’s proprietary security platform including AI-enabled cameras and sensors.
U-Haul
After purchasing a former Kmart building in Kenton, Ohio, in February, U-Haul has announced its plans to convert the 11-acre property into a 95,000-square-foot self-storage facility. Once completed, U-Haul Moving & Storage of Kenton will offer 720 climate-controlled units, trucks, trailers, U-Box mobile storage containers, retail supplies, and more.
True Storage
True Storage has a new ground-up development in Wilbraham, Mass. Managed by Extra Space Storage, the two-story facility offers 671 climate-controlled units that total 65,403 net rentable square feet of space. Its features include flexible hours, 24-hour video surveillance, security access to the unit, a covered loading bay, and high-end finishes.
Coro Realty Advisors
Coro Realty Advisors plans to develop four new self-storage facilities in Georgia: Auburn Avenue Storage, a three-story, climate-controlled, 57,000-net-rentable-square-foot facility in Columbus; Lake Lanier Storage, a two-story, climate-controlled 75,000-net-rentable-square-foot facility in Flowery Branch with 49,000 square feet of vehicle storage; Ridgewalk Storage, a two-story, 83,000-square-foot facility in Woodstock; and Georgetown Storage, a four-story, 120,000-net-rentable-square-foot facility in Dunwoody.
The Lock Up Self Storage
The Lock Up Self Storage has broken ground on its new 75,000-net-rentable-square-foot facility in Babcock Ranch, Fla. The two-story, climate-controlled facility will offer 775 units and a drive-thru feature, enabling customers to unload their vehicles out of the elements. The Lock Up Self Storage will utilize green initiatives throughout the construction to meet Florida Green Building Coalition (FGBC) criteria. It is scheduled to open in the summer of 2025.
Hialeah Storage Associates
With an $18 million construction loan from Old National Bank, Hialeah Storage Associates, an affiliate of H&M Development and Blue Vista Capital Management, will build a 113,000-square-foot facility with 1,025 climate-controlled units on two acres in Hialeah, Fla. The developer purchased the land for $5.58 million in 2023.
Storage King USA
Storage King USA, the self-storage arm of Andover Properties, has completed a 232-unit expansion of its facility in Argyle, Texas. The project added 38,500 net rentable square feet of storage and 5,750 square feet of flex space. The facility, which also offers enclosed and covered units for RVs and boats, now has a total of 865 units.
Terrydale Capital
The financier announced on April 30 that it has arranged a loan of $3,695,000 for the refinance of a self-storage development project in Kings Mountain, North Carolina. The buyer has requested to remain anonymous. Terrydale Capital was able to secure a 13% interest rate, full term interest only for 2 years.
SecureSpace
SecureSpace Self Storage announced on April 30 the grand opening of a new self-storage facility, SecureSpace Santa Fe Springs, located on Norwalk Boulevard and serving the city of Santa Fe Springs, CA. The newly-built Class A facility is strategically located at 11212 Norwalk Boulevard and offers 96,471 square feet of 100% climate-controlled self-storage space, with units ranging from 5'x5' to 20'x25'.
U-Haul
U-Haul Company has purchased more than 30 acres in Missouri and has plans to develop its first facility at the Lake of the Ozarks. The multistory property will offer 800 climate-controlled units, 180 drive-up storage units, 170 covered parking spaces for RV storage, moving truck and trailer rentals, moving storage containers, and more. It’s expected to be completed by the spring of 2026.
Show Low Mini Storage
U-Haul
Compass Self Storage
Compass Self Storage, a member of the Amsdell family of companies, has opened a brand-new, state-of-the-art wine storage cellar at its existing Jupiter, Fla., facility—a previous recipient of Messenger’s Facility of the Year award. The high-end wine cellar was designed and built for wine enthusiasts and collectors, with specific humidity levels and a specialty room conditioning system that is supported by a backup generator. It offers a variety of wine storage vault sizes, all of which include free, electronic keyless entry access. The wine cellar has custom cabinets designed for maximum capacity, with separate and secure access for each customer. Compass also offers wine racks to help maximize the storage space.
Go Store It Self Storage
U-Haul
Storex Self Storage
The former Cottage Linen Factory in Watford, U.K., has been converted into a new, fully automated storage facility. Storex Self Storage, which is scheduled to open on April 13, offers a keyless storage through an app and QR codes. Each unit is individually alarmed and tenant access throughout the site is restricted to the floor on which their unit is located. Additional Storex facilities are planned for Cricklewood in London, Brentwood, and Sunbury.
Nona Cove Self Storage
After breaking ground in 2022, Futura, in partnership with Linkvest Capital, has completed the development of Nona Cove Self Storage, a four-story, 90,000-rentable-square-foot facility on 2.2 acres in Orlando, Fla. The property, which operates under Extra Space Storage management, is part of FUTURA at Nona Cove, a master-planned community spanning 17 acres. It offers climate-controlled storage and features an 8,000-square-foot retail component, covered loading bay, electrical access in units, electronic gate access, video surveillance, and RV and boat parking.
East Penn Self Storage
East Penn Self Storage has opened its newest location, a 25,290-rentable-square-foot facility in Allentown, Pa. It offers 296 climate-controlled units and is equipped with cameras, access control features, loading docks, and carts.
Stor-It Self Storage
Stor-It Self Storage is opening its sixth facility this month. The new property, located in Port Orange, Fla., is more than 100,000 square feet and offers more than 600 units. It also has storage space for RVs, boats, and vehicles.
U-Haul
U-Haul is in the process of building a three-story structure in Elk Grove, Calif., with 122,000 square feet and 1,300 units. U-Haul Moving & Storage of Elk Grove will offer climate-control options and a warehouse for storing U-Box containers. The company plans to employ at least 20 people when it is fully operational in a few weeks.
Diamond Point Development
Diamond Point Development recently opened a CubeSmart facility in Danbury, Conn. It is comprised of 105,000 gross square feet.
Class A Boat & RV Storage
Class A Boat & RV Storage, a new facility with fully enclosed units and pull-through covered steel canopy units has opened in New Braunfels, Texas. The facility also offers dump stations, restrooms, 110-amp power outlets, and an air station as well as 24/7 video surveillance, lighting, a fenced-in perimeter, and an electronic gate.
BCDC / Bakke
SecureSpace
CubeSmart
Diamond Point Development, LLC, in partnership with Castle Hill Investors, LLC, has opened a 90,000-square-foot CubeSmart Self Storage facility in Poughkeepsie, N.Y. It offers 67,000 rentable square feet of storage and 640 climate-controlled units. CubeSmart will serve as the property management company for the Class-A facility.
SecureSpace
SecureSpace Self Storage has opened a new facility in the Greenwood area of Seattle, Wash. SecureSpace Self Storage Seattle Greenwood offers temperature and humidity control, as well as advanced security features that include 24/7 surveillance, individual unit alarms, and access control.
TBD
Manok Investments Property
U-Haul
Construction has begun on a three-story, 125,000-square-foot U-Haul facility on 13.3 acres in Manheim, Pa. U-Haul Moving & Storage Lancaster will offer 1,295 climate-controlled units as well as rentals of U-Haul moving trucks and trailers. The project, which is slated to open in March 2025, will also include a separate warehouse for portable moving containers.
Go Store It
The joint venture of Madison Capital Group and BCDC has begun construction on its second self-storage facility in Charlottesville, Va. Go Store It Self Storage Charlottesville, a 704-unit facility, is being developed by BenCo Construction (the general contractor), JMN Architecture, and Shimp Engineering. The five-story, 92,000-square-foot facility is expected to open in early 2025. It will feature interior loading areas, 24/7 security, and climate-controlled units.
SecureSpace Self Storage
A new, 87,365-square-foot facility developed by InSite has opened in San Bernardino, Calif. Operating under the SecureSpace Self Storage brand, the three-building, Class-A facility is situated on a 4.3-acre lot and offers climate-controlled units, AI-enabled security cameras and sensors, an open concept workspace, Wi-Fi, packing supplies, gated access, and carts and dollies.
One Stop Self Storage
One Stop Self Storage has opened a new facility in Milwaukee, Wis. This is the company’s largest location; it’s easily accessed via major thoroughfares and offers a wide range of unit sizes to accommodate various needs.
SecureSpace Self Storage
U-Haul
Lok'n Store
Lok’n Store has received formal planning permission for a new 84,000-square-foot facility in London that would be the company’s largest property to date. Lok’n’Store has more than 40 facilities in the U.K. It recently opened sites in Basildon and Kettering and is planning to launch new sites in Staines and Bromborough later this year. Lok’nStore Chair Andrew Jacobs said, “We continue to deliver on our strategy of opening more new stores in the under supplied self-storage market. We have made significant progress on our new store pipeline with the Basildon store opening in December 2023, the Kettering managed store in February 2024, and two more stores due to open in 2024 in Staines and Bromborough. These new stores are anticipated to add further momentum to sales, earnings and net asset growth.”
Devon Self Storage
Devon Self Storage has announced the grand opening of its brand-new state-of-the-art storage facility in York, Pennsylvania. The facility offers a variety of unit sizes and amenities such as climate control options, online payment options, and friendly onsite staff.
Honolulu Self Storage
Baranof Holdings announced the opening of Honolulu Self Storage at 868 Queen Street in Honolulu, Hawaii. The property is managed by Extra Space. The facility features 1,61 units, climate controlled units, and security with electronic gate access.
U-Haul
SureStore
SureStore, part of the Wilmslow-based Flexiss Group, has opened a new, 55,000-squre-foot facility on a 1.4-acre site in Southport, U.K. SureStore Southport, which the company calls a fourth-generation facility, boasts 500 storage units and offers last-mile logistic units, a van hire partnership with Hertz, and vehicle parking spaces. It’s also equipped with the Noke Smart Entry system, solar panels, and EV chargers. The development was made possible with investment partners Seneca.
Bakke Development
Complete Self Storage
Complete Storage has opened its newest state-of-the-art, temperature-controlled facility in Salem, Ill. Property features include advanced security controls and 24/7 access.
Go Store It
Go Store It, an affiliate of Madison Capital Group, has opened a 120,033-square-foot, Class-A facility on 2.3 acres in Jacksonville, Fla. The newly built, three-story facility offers 775 climate-controlled units. Amenities include covered loading, drive-up units, 24-hour video surveillance, electronic building access, security fencing and lighting, moving and packing supplies, as well as dolly and flatbed carts. The project was subject to an $8.5 million construction loan in 2022 that was provided by Susser Bank.
Extra Space Storage
In Toms River, N.J., the township’s planning board approved a plan by Extra Space Storage, Inc. to expand its facility just east of the turn-off onto Fischer Boulevard. The approval permits the Extra Space to construct a new, three-story, 39,050-square-foot building to be used in conjunction with the existing Extra Space Storage facility; the approved plans also include parking, stormwater, landscaping, and related site improvements.
DXD Capital
DXD Capital has completed a 71,335-rentable-square-foot facility on 2.4 acres in Lithia Springs, Ga. DXD Capital purchased the land in June 2022 and construction began in March 2023. The Class-A, three-story property is being managed by Public Storage. It offers 703 climate-controlled units.
U-Haul
U-Haul has acquired two construction sites for developments that are scheduled for completion in 2026. Plans for the Ingram Park facility on 11 acres in San Antonio include a three-story building that will offer 750 climate-controlled units. Development plans for the 10-acre Payson, Ariz., site include an 80,000-square-foot, three-story building that will offer 600 units with climate-controlled options and a separate warehouse for portable storage containers. Amenities at the U-Haul facilities will include towing equipment, boxes and moving supplies, RV and vehicle storage, hitch installation, portable storage containers, video surveillance, and online payment.
Go Store It
Go Store It, an affiliate of Madison Capital Group, has opened a 70,000-square-foot facility on three acres in Monterey Park, Calif. The newly constructed, three-story building offers 802 climate-controlled units as well as a variety of amenities. The project, which broke ground in November 2022, was subject to a $14 million construction loan that was originated by Farmers and Merchants Bank of Long Beach.
U-Haul
SecureSpace Self Storage
Recreational Storage Group
SNL Storage
U-Haul
Amazing Spaces Storage Centers
Acorn 54 LLC
StorageMart
Storage Units Capital
Manhattan Mini Storage
Manhattan Mini Storage, a New York City portfolio owned by StorageMart, is expanding into Brooklyn and Queens—a decision the company says underscores its commitment to urban living, customer convenience, and affordability. Completion of the redevelopment of its first facility outside of Manhattan is scheduled for this month. Chief Development Officer Weyen Burnam says, “We will implement new gated access technology that includes an app experience to provide customers more control over their account, allowing them to assign temporary user codes to a family member or guest, see their unit access history, and more.”
Knickpoint Ventures
Go Store It
Go Store It, an affiliate of Madison Capital Group, has converted a 70,147-rentable-square-foot office building on four acres in Pensacola, Fla., into a self-storage facility. The two-building, two-story property has 530 climate-controlled units. Amenities include video surveillance, keypad access, moving and packing supplies, security lighting and fencing, as well as dolly and flatbed carts for on-site use.
EZ Werks Storage
EZ Werks Storage, a fully automated self-storage facility, is now open in Cypress, Texas. The business features 24-hour video recording, smart gates, smart units, and individual unit alarms, as well as flexible rental options, online billing, and 24/7 access.
ClearHome Self Storage
ClearHome Self Storage has opened a new, Class-A facility on six acres in east Longmont, Colo. The property offers more than 81,000 rentable square feet through more than 700 units, a mix of climate controlled and drive-up units, and 46 uncovered boat and RV parking spaces. Construction of the facility began in fall 2022.
True Storage
Diamond Point Development LLC
Storelocal Storage
Storelocal Storage recently celebrated the groundbreaking of its newest Storelocal Storage facility in Surprise, Ariz. The 178,000-retable square foot facility will offer climate-controlled units, state-of-the-art RV bays, and drive-up units. “The groundbreaking presents opportunities not only for the Surprize, Ariz., community, but for potential investors, who can now join this venture during the development phase,” said A.J. Osborne, CEO of Cedar Creek Capital. The facility is expected to be completed in the spring of 2025.
SecureSpace Self Storage
workspace, and packing supplies.
Shurgard
StorageMart
StorageMart has opened a new, 82,159-rentable-square-foot facility in Indianapolis, Ind. It offers 785 climate-controlled units, 24/7 video surveillance, PIN entry access, moving and packing supplies, and motion sensor lighting, as well as online and phone reservation options. Alex Burnam, senior vice president of acquisitions, says, “We are truly thrilled to extend our presence in Indiana. With its generous storage options and advanced security features, this facility will be a valuable resource for both residents and businesses in the Indianapolis area.”
Diamond Point Development, LLC
Diamond Point Development, LLC (DPD), in partnership with Castle Hill Investors, LLC, has opened an Extra Space Storage branded facility in Springfield, Mass. The Class-A, 100,000-square-foot property has 700 units totaling 72,000 rentable square feet. It offers both climate-controlled and drive-up units.
VanWest Partners
VanWest Partners has opened its latest development project in Longmont, Colo. It is operated by the firm’s wholly owned self-storage management company ClearHome Self Storage. Situated on six-plus acres, the Class-A facility consists of more than 700 units and over 81,000 rentable square feet as well as 46 uncovered boat and RV parking spaces. Construction began in the fall of 2022.
Go Store It
Go Store It, an affiliate of Madison Capital Group, has broken ground on a Class A, 109,000-square-foot facility on 9.4 acres in Nashville, Tenn., with more than 1,000 units. The four-story, climate-controlled property, which is scheduled to open in the fall of 2024, will mark Go Store It’s ninth property in the state.
VanWest Partners
VanWest Partners has broken ground on a five-story, 93,000-square-foot facility in Denver. The property will be branded and managed by ClearHome Self Storage. It is slated to open in the first quarter of 2025. The development team includes Galloway Architecture and Waner Construction. Yardi Matrix data shows that the developer funded the project with a $13.7 million construction loan, originated by Wintrust Bank, with a maturity date set for 2028.
Blackstone
.jpeg)
A joint venture (JV) between Blackstone and Hong Kong-based StoreFriendly has acquired an industrial building in Hong Kong’s New Territories for approximately HK $560 million ($72 million USD). The JV plans to convert the Tsuen Wan property into a self-storage facility. The transaction marks the partnership’s fifth en bloc purchase in Hong Kong since StoreFriendly and Blackstone established the joint venture in 2021; the partners have acquired more than HK $2.5 billion ($320 million USD) worth of Hong Kong industrial properties to date. The Hale Weal industrial building has approximately 140,000 square feet across 17 stories. CBRE represented both parties in the transaction.
Public Storage
U-Haul
McNab Self Storage
Currently under construction, McNab Self Storage in Pompano Beach, Fla., will feature storage bays, storefronts, and restaurant space. It will include 8,000 square feet of commercial space divided into seven bays and 47 parking spots, with the first floor reserved for commercial tenants and the upper four floors dedicated to self-storage. Diversified Companies, the firm constructing the building for the owner, McNab Grove, Inc., estimates it will be finished and ready to occupy by the first quarter of next year.
Compass Self Storage
Compass Self Storage, a member of the Amsdell family of companies, proudly announces the opening of their brand new state-of-the-art, Class A self storage center located at 848 Seven Hills Connector in Acworth, Georgia. This location has over 70,000 net rentable square feet and represents the company’s 18th location in the state of Georgia.
The newest Compass Self Storage location offers smart lock units on every unit. Customers can use an app on their smartphone (or a key fob) to access the smart lock on their unit, and they never have to remember to bring a key. They can also securely provide access to designated family or contacts that may need to visit the unit.
Sentry Self Storage
Sentry Self Storage, a leading provider of self-storage solutions, today announced the grand opening of its new state-of-the-art facility in North Boca Raton, Florida. The new facility offers 93,000 square feet of rentable storage space, as well as a variety of features and amenities designed to meet the needs of both residential and commercial customers. Read more.
BDC Holdings, Inc.
LSC Development LLC
LSC Development LLC has converted two three-story office buildings on a 5.6-acre lot in Glenview, Ill., into a self-storage facility with 176 spaces for vehicle parking. LSC added a one-story structure to connect the two buildings. The 81,113-net-rentable-square-foot, climate-controlled buildings have 74 storage units and two covered loading bay areas.
Dunamis Development
NitNeil Partners
StorageMart
StorageMart has opened a state-of-the-art facility in Toms River, N.J., with a total of 956 drive-up and interior units and more than 82,800 net square feet of climate-controlled space. Its amenities include a covered loading bay, a large elevator, and high-tech security features.
Blue Rock Storage Newtown
Inland Private Capital Corporation
U-Haul
U-Haul has acquired four acres of industrial land in Vernon, B.C., Canada, for the development of a state-of-the-art, multistory facility more than 100,000 square feet in size. The project, which will offer more than 700 units with climate-controlled features, is expected to be completed by the fall of 2025.
SecureSpace
SecureSpace Self Storage has opened a new self-storage facility in Manhattan, N.Y. SecureSpace Manhattan has 88,630 square feet of climate-controlled space.
Compass Self Storage
Compass Self Storage, a member of the Amsdell family of companies, has opened a brand-new, self-storage facility in Wildwood, Fla. The state-of-the-art, Class-A property has over 82,000 net rentable square feet of storage. It offers drive-up climate-controlled units and features two covered loading bay areas as well as smart locks on each unit. This is the company’s 26th location in Florida.
Safeguard Self Storage
Safeguard Self Storage has completed a significant parking expansion project at its 515-unit, climate-controlled facility in Seffner, Fla. The expansion added 53 new parking spaces, 38 of which are covered spaces that feature electrical hookups; the Seffner Safeguard Phase II now features a total of 26,400 net rentable square feet dedicated to parking.
“We are delighted to unveil the expanded parking facilities at Safeguard Self Storage in Seffner,” says Ken Finlay, COO at Safeguard Self Storage. “This enhancement aligns with our dedication to providing exceptional storage solutions that cater to the unique needs of our customers.”
Hunt Midwest
Hunt Midwest is building its sixth and largest StorTropolis facility in Olathe, a southwest suburb of Kansas City, Kansas. The development, located next to Walmart and Aldi, will total 112,987 rentable square feet and offer 867 climate-controlled units. It is slated to be completed in September 2024. Storage Asset Management (SAM) will operate the facility.
Inland Private Capital Corporation & Devon Self Storage Holdings
Inland Private Capital Corporation and Devon Self Storage Holdings recently celebrated the completion of an 807-unit self-storage property located in Warren, Michigan. The newly converted 87,000-square-foot facility previously functioned as a 94,000-square-foot vacant manufacturing center.
Nearly 75 percent of the units provide climate-controlled conditions, with an interior drive-through lane and management office. The remaining land and parking area outside the facility will be converted to exterior non-climate controlled space expected to open in 2023.
This marks the eighth self-storage development completed on behalf of IPC at a location only 13 miles north of Detroit.
SecureSpace
SecureSpace today announced the opening of a newly built SecureSpace Self Storage facility located at 1014 Chesley Ave, serving the city of Richmond in the San Francisco Bay Area. Strategically located north of downtown between both Interstate 80 and the Richmond Parkway, SecureSpace Richmond is a newly built class A facility that offers 120,079 square feet of 100% climate-controlled self-storage space with drive-up and interior units ranging from 5’x5’ to 10’x40’, along with 280 RV parking spaces.
Safeguard Self Storage
On Oct. 25, Safeguard Self Storage opened its newest facility in the Ludlow section of Yonkers, N.Y. The eight-story, 120,000-rentable-square-foot facility offers 1,586 climate-controlled units and a 3,600-square-foot office on the first floor. It also features three loading bays with an indoor, 4,000-square-foot loading area and a selection of drive-up units, which is not a common unit type within its market. Safeguard Self Storage Yonkers-Ludlow is located near the Riverdale neighborhood of The Bronx and the College of Mount Saint Vincent and serves one of the most densely populated communities in the United States, accommodating more than 300,000 people within three miles.
Cornell Capital Holdings
Allegany Crossing Self Storage, a new facility owned by Cornell Capital Holdings, opened quietly this week in Allegany, NY. Taking over a former K-Mart, the 21-acre site includes the 100,000-square-foot building, which was renovated inside and out, with about 60,000 square feet for indoor climate-controlled storage and the remainder for retail, commercial or light manufacturing. The site also includes outside storage space. Life Storage will run and manage the self-storage facility.
Basis Industrial
Basis Industrial has opened a 111,000-square-foot self storage facility in Plymouth, Mass. The property will be managed by Public Storage. The company purchased the land in November 2021 for $3.5 million in an off-market transaction with a private seller, and broke ground on the project in March 2022. According to Yardi Matrix data, the development was financed with a $10.7 million construction loan secured in September 2022 from TD Bank. Constructed in two phases, project was completed in 16 months. The three-story building was developed on 2.1 acres at 5 Resnik Road, near the Plymouth Municipal Airport and 40 miles from Boston. The facility features 806 climate-controlled units. The Public Storage brand offers units ranging from 25 to 250 square feet, with on-site amenities that include video surveillance, electronic gate access, moving supplies and keypad access.
Extra Space
Charlotte County Commissioners have approved expansion of an existing Extra Space facility in Port Charlotte. The three-story storage facility built in 2018 at 4536 Tamiami Trail next to Pioneers Pizza will expand to accommodate customer demand, said architect David M. Davenport, who represented the owner of the facility. The current total square footage of the facility is 105,000 square feet, and demand has been great with occupancy at 95% to 99%, Davenport said. There would be no change to the stormwater configuration, Planning and Zoning official Shaun Cullinan said.
U-Haul
Phoenix-based U-Haul Holding Co. (NYSE: UHAL) is planning to build a large self-storage facility with truck and trailer rentals and a store as part of its expansion efforts. The project will be developed across 10 acres at the northwest corner of Lower Buckeye Road and 59th Avenue, just east of the Loop 202 in west Phoenix, an area that has seen substantial housing growth in recent years. The U-Haul Moving and Storage Store facility will comprise 1,111 storage units in a three-story building and one-story building including some auxiliary mini-storage units totaling about 134,126 square feet.
SmartStop
EDC
EDC, a full-service construction firm based in Midlothian, Va., has announced the completion of a seven-story Extra Space project in Hyattsville, Md. The 126,954-square-foot facility has 1,441 units and three underground stories. The project was constructed through a partnership between Johnson Development, SAA Architects, and EDC.
StorSafe
A StorSafe facility in Michigan City, Ind., will be expanding by 10,665 square feet with the addition of 82 climate-controlled units. The project also includes a new on-site water management system to collect and clean stormwater, together with a loading dock for semi-trucks and moving vans. The facility will include 384 climate-controlled units after the expansion is finished.
SecureSpace
SecureSpace Self Storage has opened a new, four-story facility in Los Angeles, Calif. SecureSpace Downtown Los Angeles is a 99,009-square-foot, climate-controlled facility that features a state-of-the-art security system and a modern lobby equipped with free WiFi, an open-concept workspace, and moving and packing supplies.
Go Store It
Go Store It has opened a new facility in the Whitehall Technology Park of Steele Creek, N.C., a suburb of Charlotte. Liberty Construction served as general contractor in the renovation of the existing vacant space; the two-story property offers 73,655 square feet of space and more than 600 units.
SecureSpace Self Storage
Go Store It
Go Store It has opened its newest facility in Baton Rouge, La. The two-story, 86,680-square-foot facility offers more than 550 storage units, climate-controlled features, 24-hour video surveillance, and electronic gate access.
BestBox Storage
CrownPoint Group / Lamar
SurePoint Development
Construction of SurePoint Development’s latest development is slated to begin in the spring of 2024. The three-story facility, located near the corner of Highway 46 and FM 1863 in New Braunfels, Texas, will consist of 94,000 rentable square feet of climate-controlled space. CubeSmart will manage the Class-A facility. Clint Wynn, Robert Loeb, Jeff Bailey, and Brian Cisarik, the San Antonio-based developers of SurePoint Development, currently operate five locations in the San Antonio area; their third Houston location will open in Conroe next summer.
West Coast Self-Storage
West Coast Self-Storage has opened its newest location, West Coast Self-Storage Del Sur, a 1,116-unit, 99,400-rentable-square-foot, climate-controlled facility in San Diego, Calif. Designed by Jackson | Main Architecture and built by RDS Contracting Inc, West Coast Self-Storage Del Sur features a covered loading bay, freight elevator, office/retail store. Security measures include 24-hour recorded video monitoring, pin-code-controlled access, and LED lighting.
The property, owned and developed by Northwest Building, LLC, is managed by West Coast Self-Storage Group.2GR Equity & Connell Realty Services
2GR Equity and Connell Realty Services Inc. have completed the construction of Lone Star Self Storage, a three-story, 76,000-square-foot facility in Waxahachie, Texas. Merriman Anderson Architects provided architectural and interior design services for the 570-unit property.
Safeguard Self Storage
Guardian Storage
Noah's Ark Storage
Noah’s Ark Storage recently opened a new facility in Bronston, Ky. The property utilizes a state-of-the art security system, including 24/7 surveillance and secure access codes. It also features drive-up access, concrete floors, LED lighting, electricity access on timers, and blacktopped drive.
Red Oak Capital Holdings LLC
Red Oak Capital Holdings LLC provided United Storage 360 LLC with a $5.5 million bridge loan for the purchase and conversion of a vacant Kmart in Englewood, Ohio. The 85,000-square-foot property will be converted into a 60,000-square-foot, 546-unit, Extra Space Storage-branded facility. Renovations are expected to be completed by the end of the year.