StorageMart Opens 784-Unit Self-Storage Facility in Metro Kansas City

OLATHE, KAN. — StorageMart has opened a 784-unit self-storage facility in East Olathe within metro Kansas City. The Class A, climate-controlled facility features several elevators. All access is controlled with individual codes and cameras. Customers also have access to an online tenant portal. StorageMart now operates approximately 225 locations in three

July 9, 2020Development, Industrial, Kansas, Midwest, Self-Storage

NitNeil Partners to Construct 100,000 SF Self-Storage Facility in Huntsville

HUNTSVILLE, ALA. — NitNeil Partners will develop a four-story, 100,000-square-foot self-storage facility in Huntsville. The Atlanta-based developer acquired 2.1 acres at 2312 Memorial Parkway SW for the project, which is two miles southwest of downtown Huntsville. NitNeil expects to break ground in August and anticipates opening the property in summer 2021. The development will also feature a one-acre outparcel along Memorial Parkway for a future restaurant or retail

July 8, 2020Alabama, Development, Industrial, Self-Storage, Southeast

CBRE Brokers $4.6M Sale of RDN Mini Storage in North Las Vegas

NORTH LAS VEGAS, NEV. — CBRE has arranged the sale of RDN Mini Storage, a seven-building self-storage facility in North Las Vegas. California-based Watling Street acquired the asset from Nevada-based Piclane for $4.6 million. Located at 725 W. Washburn Road, the 36,520-square-foot property consists of 304 units with 24-hour video surveillance cameras. Nick Walker, Walter Brauer and Trevor Roberts of CBRE represented the seller in the

July 2, 2020Acquisitions, Industrial, Nevada, Self-Storage, Western

Berkadia Arranges Two Acquisition Loans Totaling $11.8M for Self-Storage Facilities in Raleigh, Durham

RALEIGH AND DURHAM, N.C. — Berkadia has arranged two acquisition loans totaling $11.8 million for self-storage properties in Raleigh and Durham. An undisclosed life insurance company provided the five-year, fixed-rate loans on behalf of the borrower, Orlando, Fla.-based Liberty Investment Properties. Liberty plans to rebrand the Extra Space Storage facilities to its flagship brand, My Neighborhood Storage Center. The first property is a two-story, 685-unit facility located at 6401 Town Center …

June 29, 2020Acquisitions, Industrial, Loans, North Carolina, Self-Storage, Southeast

Gelt Acquires Eight Self-Storage Facilities in Metro Memphis for $41M

MEMPHIS, TENN. — Gelt Inc. has acquired eight self-storage properties comprising 3,867 units in metro Memphis for $41 million. The portfolio, which totals 490,187 square feet, was 91 percent leased at the time of sale. There are five facilities in Memphis; two in Olive Branch, Miss.; and one in Nesbit, Miss. The single-story properties were built between 1972 and 2006 and feature a mix of drive-up, indoor and climate-controlled units. Portfolio-wide, the unit sizes range from 5 square feet to …

June 26, 2020Acquisitions, Industrial, Mississippi, Self-Storage, Southeast, Tennessee

Advantage, Forge Break Ground on 278-Unit Self-Storage Expansion Project in Corsicana, Texas

CORSICANA, TEXAS — Advantage Construction and Forge Building Co. have broken ground on a 278-unit expansion project at Mini-West Storage, a self-storage facility located in Corsicana, about 50 miles south of Dallas. The project will add 39,500 net rentable square feet of climate- and non-climate-controlled space to the facility, which originally opened in 1987 and now features approximately 700 units. Texas Community National Bank provided construction financing for the project, which is …

June 26, 2020Development, Industrial, Self-Storage, Texas

Bellomy Brokers Sale of 169-Unit Self-Storage Facility in Rio Grande Valley

MISSION, TEXAS — Bellomy & Co. has brokered the sale of A+ Storage, a 169-unit self-storage facility located in the Rio Grande Valley city of Mission. The property spans 24,100 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the Harlingen, Texas-based seller and procured the Nebraska-based buyer in the

June 25, 2020Acquisitions, Industrial, Self-Storage, Texas

Bellomy Brokers Sale of 192-Unit Self-Storage Facility in Lago Vista, Texas

LAGO VISTA, TEXAS — Bellomy & Co. has brokered the sale of Texas Hills Storage, a 192-unit self-storage facility in Lago Vista, located about 35 miles northwest of downtown Austin. The property spans 28,500 net rentable square feet and includes climate- and non-climate-controlled space. Bill Bellomy and Michael Johnson of Bellomy represented the locally based seller and procured the Arlington, Texas-based buyer in the

June 23, 2020Acquisitions, Industrial, Self-Storage, Texas

SkyView Advisors Negotiates Sale of 421-Unit Self-Storage Facility on Louisville’s East Side

LOUISVILLE, KY. — SkyView Advisors has negotiated the sale of Aladdin Self Storage, a 421-unit facility in Louisville. The property spans 3.5 acres and comprises 46,465 square feet. Aladdin Self Storage is situated at 3413 Collins Lane, 16 miles east of downtown Louisville. Zack Urow or SkyView Advisors represented the undisclosed, private seller in the transaction. The buyer was an undisclosed REIT. The sales price was also not

June 19, 2020Acquisitions, Kentucky, Self-Storage, Southeast

Brookwood Properties to Open Three-Story Self-Storage Facility in San Antonio

SAN ANTONIO — Brookwood Properties LLC plans to open a three-story self-storage facility located at 4618 San Pedro Ave. in San Antonio this month. The property will span 119,000 square feet and feature 900 controlled-climate units. New York-based self-storage REIT Life Storage will operate the facility. Baton Rouge, La.-based Brookwood Properties broke ground on the building in June 2019. The project team includes Baton Rouge-based general contractor Rosehill Construction and Wichita, …

June 17, 2020Development, Self-Storage, Texas