Miami-based Tarco Properties purchased two self-storage facilities in Connecticut, which it will rebrand from the Lock Tight to the Value Store-It name. The Boston office of Fantini & Gorga assisted Eastern Bank in arranging $6 million in financing for the acquisition.
The facilities are in Wallingford and Waterbury. The first has 54,075 rentable square feet and 490 units in two buildings. It also has outdoor parking spaces. The Waterbury property, on 5 acres, has 54,875 square feet and 546 units, also in two buildings. Both facilities offer climate control.
Source: Banker & Tradesman, F&G, Eastern Bank Arrange Acquistion Financing For Conn. Self-Storage Facilities