NEW YORK CITY — Nuveen Real Estate has provided $47 million in first mortgage financing for Storage Post East Village, a 1,959-unit self-storage facility in Manhattan’s East Village. The landmarked building at 444 E. 10th St. was originally constructed in 1928 as the Wheatsworth Building. Storage Post and its equity partner, Almanac Realty Investors, acquired the building in 2022 and redeveloped it to support storage use. Today, the facility features 78,812 net rentable square feet of entirely climate-controlled space. Steven Klein and Robert Tonnessen of JLL arranged the loan through Nuveen on behalf of ownership.
JOHNSTOWN, COLO. — Uplift Development Group has purchased an 18-property self-storage portfolio in Colorado. The transaction includes 500,000 square feet and more than 3,000 units spanning five cities and two counties. The portfolio is positioned within the high-growth corridors of Clear Creek and Grand County, with assets located along I-70 and Highway 40. Uplift plans to expand the portfolio by adding more than 70,000 square feet of new development, including climate-controlled units, fully enclosed boat and RV storage and specialized ski lockers. The company worked with Storage Rentals of America (SROA), Argenic, GYS General Contracting, JLL and Castor Capital to complete the transaction, which represents the largest of its kind in Colorado’s history, according to Uplift.
SAN ANGELO, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 544-unit facility in the West Texas city of San Angelo. Lone Star Storage Center – San Angelo features 69,525 net rentable square feet of space across 334 non-climate-controlled units and 210 climate-controlled units. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer, both of which were Texas-based limited liability companies, in the transaction.
NEW YORK CITY — StorageMart has acquired a portfolio of 15 self-storage facilities totaling 25,498 units in New York City, where the Missouri-based owner-operator does business under the Manhattan Mini Storage brand. The portfolio, which also offers 121 parking spaces for vehicular storage, spans approximately 1.3 million net rentable square feet and includes facilities in Manhattan, Staten Island, Brooklyn and Queens. Eastdil Secured represented the undisclosed seller in the transaction and advised StorageMart in securing acquisition financing for the deal.
LA PORTE, TEXAS — JLL has negotiated the sale of a 511-unit self-storage facility located in the southeastern Houston suburb of La Porte. Spencer Mini Storage comprises 11 single-story buildings that were built in the late 1990s. About 190 (37 percent) of the units are climate-controlled, and the property also offers 79 boat or RV surface parking spaces. Adam Roossien, Matthew Wheeler, Steve Mellon and Brian Somoza of JLL represented the seller, ExchangeRight, in the transaction. The buyer was a partnership between MyPlace Self-Storage and Nuveen Real Estate.
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Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says Valuation Firm IRR
DENVER — The U.S. commercial real estate industry is currently experiencing a mixed bag of demand generators and property-level performance, according to Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver. IRR’s conclusions are expanded in Viewpoint 2026, the 33rd edition of the firm’s commercial real estate trends report. “As we enter 2026, we see that the economic environment is becoming more stable, but growth is slower and visibility remains limited,” says Nick Luettke, economist at Moody’s Analytics. “Inflation has eased from recent peaks and interest rates have started to trend lower, however, borrowing costs remain elevated relative to prior cycles. With labor markets softening and policy uncertainty still at play, economic conditions are supportive in some areas but restrictive in others, contributing to uneven performance across the U.S. commercial real estate market.” IRR partnered with Luettke for the macro-economic trends within the report and sought contributions from nearly 600 valuation advisors in the United States and Caribbean. The report delivers sector-specific insights along with three specialty property reports on healthcare and seniors housing, quick-service restaurants and self-storage. Some key findings and forecasts from the main report include: the sustained poor fundamentals within the highly fragmented …
BRYAN, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 693-unit facility in the Central Texas city of Bryan that is operated under the Lone Star Storage brand. The property, which totals 91,150 net rentable square feet, was sold as part of a larger, family-owned portfolio. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Texas-based seller in the transaction. The team also procured the buyer, North Carolina-based Morningstar Properties.
CYPRESS, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 593-unit facility in Cypress, located on the northwestern outskirts of Houston, that is operated under the Lone Star Storage brand. The property, which totals 91,150 net rentable square feet, was sold as part of a larger, family-owned portfolio. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Texas-based seller in the transaction. The team also procured the buyer, North Carolina-based Morningstar Properties.
CAROL STREAM, ILL. — Hernandez Development has opened Carol Stream Self Storage, a 71,510-square-foot self-storage facility with 625 units in suburban Chicago. The three-story building includes 36 drive-up units. CubeSmart will manage the property. G.A. Johnson & Son served as the general contractor.
MORRISTOWN, N.J. — JLL has arranged a $176 million loan for the refinancing of a portfolio of six industrial properties totaling approximately 1.2 million square feet. Four of the properties are located in the Northern New Jersey communities of Carlstadt, Lyndhurst, Carteret and North Brunswick and feature clear heights of 16 to 25 feet. The other two properties are located in South Florida. Jim Cadranell, Gregory Nalbandian, Michael Lachs and Kevin Badger of JLL arranged the eight-year, fixed-rate loan through insurance giant Nationwide on behalf of the borrower, Seagis Property Group. The portfolio was 96 percent leased at the time of the loan closing.
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