Inside Self-Storage - Self-Storage Operators

Sovran Self Storage Buys Multi-Story Facility in Greater Chicago

Real estate investment trust Sovran Self Storage Inc. has purchased Icon Secure Storage in Aurora, Ill., near Chicago. The three-story facility comprises 71,824 square feet in 768 units. The acquisition was made by Sovran Acquisition LP, and the facility will be rebranded ...More

January 23, 2013

Posted in News, Real Estate

Uncle Bob’s Self Storage Signs 5 Third-Party Management Contracts

Uncle Bob’s Self Storage, the operating brand of Sovran Self Storage Inc., recently signed contracts to assume third-party management of five self-storage facilities. Each property will be rebranded as Uncle Bob’s and integrated into the company’s management platform. ...More

January 23, 2013

Posted in News, Management

NitNeil Partners Completes First Phase of Self-Storage Conversion, Opens Atlanta Facility

NitNeil Partners, an Atlanta-based investment firm specializing in self-storage, has completed the first phase of a multi-story self-storage project in Atlanta’s Inman Park neighborhood and opened the facility under its trade name, The Storage Neighbor. ...More

January 22, 2013

Posted in News, Construction, Development

Self-Storage Developer Requests Zoning Change for Delaware Project

Self-storage developer Mark Schaeffer has requested a zoning change in Harbeson, Del., for a 25-building self-storage project by Central Storage at Harbeson LLC. The project is a scaled-down version of a 2009 proposal for which Schaeffer received conditional-use approval ...More

January 22, 2013

Posted in News, Construction, Development

World Class Capital Group Acquires Las Vegas Self-Storage Facility

World Class Capital Group LLC (WCCG), an Austin, Texas-based real estate investment firm, has acquired Nellis Self Storage in Las Vegas from a Missouri-based private investor. The property comprises 131,000 square feet of storage space in 696 units and will be rebranded as ...More

January 18, 2013

Posted in News, Real Estate

U-Haul Purchases 4 Self-Storage Facilities in 4 States

The U-Haul Co. recently purchased four self-storage facilities comprising more than 168,000 square feet of net rentable space in more than 1,400 storage units. The facilities are in Colorado, Louisiana, South Carolina and Texas. ...More

January 17, 2013

Posted in News, Real Estate

N.Y. Town Officials Close Self-Storage Facility for Safety Violations

Heritage Self Storage in Town of Union, N.Y., has been closed by municipal officials for a collapsing ceiling, black mold and other safety violations. Customer access to the facility and their property is on hold until repairs are made. ...More

January 16, 2013

Posted in News, Legal Issues, Management

Access Self Storage Celebrates TV Appearance With Charitable Party

Access Self Storage, a self-storage operator with six facilities in Texas, turned its appearance on a TV reality show into a community event that also raised money for a local charity. The A&E network show “Storage Wars: Texas” filmed a segment at an Access Self Storage ...More

January 16, 2013

Posted in News, Management

Barker Pacific Group, Artemis Real Estate Expand Storage Solutions Portfolio

The self-storage real estate partnership between Barker Pacific Group and Artemis Real Estate Partners Fund I has purchased Global Self Storage in Norco, Calif. The seven-building facility will be rebranded as Storage Solutions and is comprised of 113,429 square feet and ...More

January 15, 2013

Posted in News, Real Estate

U.K. Self-Storage Operator Big Yellow Releases Financial Results for Quarter Ended Dec. 31

U.K. self-storage operator Big Yellow Group PLC released its financial results for the fiscal third quarter ended Dec. 31. Revenue for the quarter was £16.8 million ($27 million), which was up 3.7 percent year over year but down 9.7 percent from the previous quarter. ...More

January 15, 2013

Posted in News, Finance

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