REBusinessOnline

Gantry Arranges $364M in Refinancing for Ezralow’s 15-Property Self-Storage, Industrial Portfolio in California

CALABASAS, CALIF. — Gantry has arranged a total of $364 million in long-term refinancing for Calabasas-based The Ezralow Co. for 15 separate self-storage and industrial assets in California.Paige Serden, Peter Welsh, Braden Turnbull and Josh Natker of Gantry’s Los Angeles production office structured the loans, which were sourced from four separate life insurance companies, three of which are Gantry’s correspondent lenders.Totaling 1.75 million square feet, the 12 Price Self …

California, Industrial, Loans, Self-Storage, Western

Buchanan Street Buys 102,450 SF Self-Storage Facility in Portland

PORTLAND, ORE. — Newport Beach, California-based Buchanan Street Partners has purchased a newly constructed self-storage facility located at 6191 S.E. Powell Blvd. in Portland. Leon Capital Group sold the property for $22 million in an off-market transaction.The three-story asset, which will be rebranded as a US Storage Centers location, features 102,450 square feet of climate-controlled storage space. Buchanan Street acquired the property, which received its certificate of occupancy in …

Acquisitions, Industrial, Oregon, Self-Storage, Western

Tulfra Real Estate Sells 816-Unit Self-Storage Facility in Rochelle Park, New Jersey

ROCHELLE PARK, N.J. — Tulfra Real Estate, a locally based investment and development firm, has sold an 816-unit self-storage facility in the Northern New Jersey community of Rochelle Park. The four-story, 113,000-square-foot facility is located within the seven-acre Village Center of Rochelle Park mixed-use development. The buyer was Columbia Self Storage. Tulfra Real Estate acquired the property, a former AT&T data site, in late

Acquisitions, Industrial, New Jersey, Northeast, Self-Storage

Hampshire Completes 697-Unit Extra Space Self-Storage Facility in Perth Amboy, New Jersey

PERTH AMBOY, N.J. — The Hampshire Cos. has completed a 697-unit self-storage facility at 900 State St. in the Northern New Jersey city of Perth Amboy that will be operated under the Extra Space Storage brand. The 94,600-square-foot facility offers full climate control for interior units and represents the 46th project that Hampshire has developed for Extra Space

Development, Industrial, New Jersey, Northeast, Self-Storage

Cushman & Wakefield Brokers Sale of 266-Unit Tulsa Hills Self-Storage Facility

TULSA, OKLA. — Cushman & Wakefield has brokered the sale of Tulsa Hills Storage, a self-storage facility that consists of 71 climate-controlled units, 176 non-climate-controlled units and 19 parking spaces for a total of 266 storage options. Trey Hammond, Mike Mele and Luke Elliott of Cushman & Wakefield represented the sellers, Paul Korte, Brett Biery, Anthony Isler and McAuley Properties LLC, in the transaction. Attic @ Tulsa Hills LLC acquired the property for an undisclosed

Acquisitions, Industrial, Self-Storage, Texas

MD Energy Provides $3M CPACE Loan for Former Printing Facility Conversion in Baltimore County

PIKESVILLE, MD. — MD Energy Advisors has provided a $3 million commercial property-assessed clean energy (CPACE) loan to Garver Development Group to fund renovations to the former Port City Press printing facility in Baltimore County. The 177,000-square-foot property is located at 1323 Greenwood Road in Pikesville. Garver Development acquired the facility in 2020. The former owner, a Pennsylvania-based entity doing business as 1323 Greenwood LLC, closed the plant in early 2018 and the site …

Development, Industrial, Loans, Maryland, Self-Storage, Southeast

Marcus & Millichap Arranges Sale of 764-Unit Self-Storage Facility Near Grand Rapids

COMSTOCK PARK, MICH. — Marcus & Millichap has arranged the sale of a CubeSmart self-storage property in Comstock Park, about six miles north of Grand Rapids. The facility spans 79,420 square feet with 764 climate-controlled units. The property, which opened in January 2020, sits on 3.2 acres at 4150 Alpine Ave. Brian Kelly, Brett Hatcher and Gabriel Coe of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. The team also secured the buyer, …

Acquisitions, Industrial, Michigan, Midwest, Self-Storage

HPI Real Estate Purchases 775-Unit Extra Space Self-Storage Facility in San Antonio

SAN ANTONIO — HPI Real Estate has purchased a 775-unit self-storage facility that is situated on a 2.4-acre tract at 5611 Lone Star Parkway in San Antonio. The facility, which is operated by Extra Space Storage, opened in 2017 and spans 93,050 net rentable square feet. Zack Urow and Ryan Clark of Tampa-based SkyView Advisors represented the undisclosed seller in the

Acquisitions, Industrial, Self-Storage, Texas

Barker Pacific Group, Artemis Real Estate Partners Buy 2,189-Unit Self-Storage Portfolio Near Phoenix

PHOENIX AND GILBERT, ARIZ. — A joint venture between Barker Pacific Group and Artemis Real Estate Partners has purchased three self-storage facilities in Gilbert and North Phoenix. Terms of the transaction were not released.Totaling 234,350 square feet, the newly built portfolio features 2,189 climate-controlled self-storage units. Two properties are located in Gilbert and one is situated in the Tramonto neighborhood of Phoenix.This acquisition marks the joint venture’s second foray …

Acquisitions, Arizona, Industrial, Self-Storage, Western

Bellomy Arranges Sale of 707-Unit Kyle Premier Storage in Metro Austin

KYLE, TEXAS — Bellomy & Co. has arranged the sale of Kyle Premier Storage, a 707-unit self-storage facility located about 20 miles south of Austin. The Class A property spans 81,781 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, a locally based private investor, in the transaction. The duo also procured the Delaware-based buyer, AGAP Kyle

Acquisitions, Industrial, Self-Storage, Texas
Content Partners
Lee & Associates
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