Update 8/30/19 – The global self-storage development pipeline continues to be extremely dynamic. Inside Self-Storage regularly covers new projects being planned and approved as well as zoning and other municipal issues. Following is more activity taking place in August 2019.
1-800-Self-Storage.com broke ground on a facility in Clinton Township, Mich. The three-story structure on Hall Road will be the company’s 14th location overall and its first in Macomb County. The operator has already purchased another parcel for what may be an additional Clinton location. The area is attractive for self-storage development because the county has shown consistent growth during the last 10 years, according to Wendy Carter, operations manager.
A joint venture between 1026 Real Estate Investors and Diversified Properties LLC intends to develop a three-story self-storage facility in Montville, N.J. The building at 352 Main Road will sit on 2.5 acres and comprises 98,000 square feet. It’ll be managed by CubeSmart, a self-storage real estate investment trust (REIT) and third-party management firm. New York City-based 1026 Real Estate is headed by principal Douglas Oliver. Montville-based Diversified is a full-service real estate company specializing in commercial and residential development and construction.
Development firm APX Construction Group is seeking zoning approval to convert part of a shuttered Lowe’s Home Improvement store in Mankato, Minn., to self-storage. Plans call for two levels of storage on the east side of the building at 2015 Bassett Drive. Once complete, the facility will encompass about one-third of the 138,000-square-foot structure. The remaining would be marketed for lease. The property has an estimated market value of $5.8 million, according to county tax records.
Brach's Storage has opened a third location in Grand Junction, Colo. The two-story facility at 2497 Power Road, No. 20, comprises 19,000 square feet in 172 climate-controlled units. It’s adjacent to an existing Brach’s location at 2499 Power Road. Owners Dave and Ann Brach also operate a facility at 411 Brach Drive. All three are on land Dave Brach’s parents, Louie and Betty Brach, purchased 60 years ago. Development on the property also included Brach’s Market, restaurants and a movie theater. A portion was donated for the Colorado Riverfront Trail.
Real estate developer Capella Capital Partners LLC completed construction on a self-storage facility in Austin, Texas. The three-story structure at 700 Victor St. comprises 70,000 square feet in 577 units. Public Storage Inc., a publicly traded self-storage REIT and third-party management firm, manages the facility, which is branded under its name. Based in Austin, Capella has development and investment interests in mixed-use and multi-family projects in addition to self-storage. It’s an affiliate of real estate services firm Capella Commercial.
The joint-venture partnership between Clark Investment Group and Nuvo Development Partners LLC is developing a new climate-controlled facility in Atlanta. The property at 1599 Memorial Drive S.E. is 3 miles east of downtown. The $10.4 million nonrecourse construction loan with a Midwestern-based bank was negotiated by Talonvest Capital Inc., a boutique real estate adviser serving the self-storage industry. It features a 70 percent advance rate and interest-only payments for the five-year loan term.
Harlan Douglass, owner of Douglass Properties and Self Storage of Spokane, is building Airway Heights Mini Storage in Spokane, Wash. The 7-acre site at 1346 S. Campus Road is off U.S. Highway 2, just east of its intersection with Flint Road. Once complete, the facility will comprise 14 buildings, including a two-story office, and 32,000 square feet of covered vehicle storage. The project is valued at $5.8 million, according to a source. Self Storage of Spokane operates two locations in Spokane and one in Spokane Valley, Wash. Douglass’ son, Lancze, owns seven Secure-It Self Storage facilities in the region.
ezStorage Corp. opened its first location in Fairfax, Va. The newly constructed facility at 3180 Draper Drive is the company’s 50th overall. Founded in 1988, ezStorage operates properties in Maryland, Virginia and Washington, D.C.
In a partnership with private investors, Liberty Investment Properties is developing Liberty Corner, a three-story, mixed-use project in Orlando, Fla. The project at 107 Hillcrest St. is in the city’s central-business district, at the intersection of East Colonial and Magnolia Avenue. Expected to be complete by the end of the year, it’ll include My Neighborhood Storage Center of Magnolia, comprising 95,660 square feet of storage in nearly 700 climate-controlled units on the second and third floor. It’ll also house six retail spaces encompassing 15,000 square feet on the first floor, including a restaurant and drive-through. Turner Construction Co. is the general contractor and commercial real estate agency Bishop Beale Duncan will be the leasing manager for the restaurant and retail. Liberty is a privately held real estate investment, development and management firm focused on income-producing assets and related equity and debt investments on behalf of individual and institutional investors.
My Choice Self Storage, which operates five facilities in Wisconsin, is opening a new location this fall in West Bend, Wis. Eastside Storage will sit on 5.4 acres at 500 N. River Road. The facility will be built in multiple phases. It’ll begin with four buildings, with two more structures planned. The company also intends to add a climate-controlled building to its existing site at 2010 American Eagle Drive in Slinger, Wis., which is expected to be complete next month.
My Other Garage is building a self-storage facility in Polk, Wis. The two-building property at 3651 N. Lovers Lane Road in Polk, Wis., will comprise 400 units, which will be large enough to accommodate boats and RVs. There’s room to add more buildings to the site, according to owner Peter Briggs. My Other Garage also operates a self-storage facility in Hartland, Wis.
Port Stephens Self Storage opened a second location in Taylors Beach, New South Wales, Australia. Hugh Bateman, who co-owns the business with his wife, Catherine, opened the first site at 20-22 Shearwater Drive in 2012. The new facility is in the Commerce Close neighborhood.
Public Storage Inc. was denied a conditional-use permit by the Tarpon Springs, Fla., City Commission. The REIT wanted to convert 16,000 square feet of unused retail space along Pinellas Avenue. Though self-storage was considered a compatible use for the site, the commission voted 3-2 against the plan, following a city-staff recommendation. Based on feedback from a June hearing, project manager Rick McKeever reworked the facility’s design to look like two “coastal cabanas,” but commissioners indicated they preferred a small business for the site. Based in Glendale, Calif., Public Storage has interests in 2,444 self-storage facilities in 38 states, with approximately 164 million net rentable square feet. Operating under the Shurgard brand name, the company also has 231 facilities in seven European countries, with approximately 13 million net rentable square feet.
PV Asset Management LLC intends to build a three-story self-storage facility on two parcels that straddle the boundary between Bellmawr and Brooklawn, N.J. The developer has applied for permits to redevelop the site and demolish The Pennant, a former restaurant occupying the property at 141 Kings Highway. The Brooklawn Planning and Zoning Board discussed the project during a hearing on Wednesday. The Bellmawr Zoning Board will address the application on Sept. 17.
SAFStor Inc., a self-administered and self-managed real estate investment trust, is developing a new facility in Atlanta. The three-story project will be the company’s first foray into the self-storage industry. Once complete, the facility at 430 Bishop St. N.W. in the Loring Heights neighborhood will comprise 106,455 square feet in 889 climate-controlled units. The general contractor on the $6.7 million project is ARCO Design/Build Inc., a Dallas-based firm that offers design, build and general-contractor services nationwide. Based in Atlanta, SAFStor operates through three vertically-integrated segments, SAFStor Development, SAFStor Construction Management and SAFStor Property Management. The company is seeking development opportunities throughout the country, according to its website.
Self Storage Plus, which operates 34 facilities in Maryland, Virginia and Washington, D.C., has opened two new locations in Middle River Md., and Springfield, Va. The three-story facility at 3318 Eastern Blvd. in Middle River sits on 2.67 acres and contains 85,900 rentable square feet in 910 interior, climate-controlled units and 39 exterior drive-up units. The building includes a mezzanine level. The three-story facility at 5415 Industrial Drive in Springville is just off Edsall Road and sits on 2.26 acres. It comprises 101,938 rentable square feet in 1,262 interior, climate-controlled units and includes a cellar.
Spacebox USA opened a new self-storage facility in Lake Park, Fla. The three-story structure at 210 N. Congress Ave. comprises 100,000 rentable square feet in 789 units. A grand-opening ceremony for the property last week was attended by members of Palm Beach County Fire Rescue, the Lake Park Town Commission, and representatives from Palm Beach North Chamber of Commerce. Based in Hattiesburg, Miss., Spacebox operates four self-storage facilities in Florida. It has two more locations under development in Crestview and Tampa, Fla., according to manager John Gores.
Taylor/Theus Holdings Inc. is seeking approval to demolish a shopping center in Sandy Springs, Ga., and build a three-story, mixed-use facility in its place that’ll include self-storage and retail. City staff, which recommend approving the project, presented the proposal to the planning commission on Aug. 27. The building at 120 Northwood Drive houses several businesses, a church and nonprofits, including a satellite office for the Community Assistance Center, which helps people at risk of homelessness. All would be displaced during construction, but the developer has proposed offering space to the nonprofits once the building is complete. Taylor/Theus is also preserving space for “neighborhood-serving” retail, such as grocery stores, laundromats, etc., and a park that’ll be donated to the city, a source reported.
The developer held community meetings in February and April as well as earlier this month to discuss its plans. “We have worked with the community extensively over the last seven months and feel like we have come up with a plan that has the support of a lot of the stakeholders in the area and addresses the needs that were expressed,” said Woody Galloway, the attorney representing the developers. “We are providing below-market rent for nonprofits to allow them to continue to serve the communities in the area at rates that are close to what they are paying but in a brand-new facility.”
During the Aug. 19 community meeting, Brandon Ellison of Taylor/Theus told attendees a new toll lane planned by the Georgia Department of Transportation (GDOT) would lead to the building’s demolition anyway. GDOT representatives said no decision has been made and the structure could likely remain.
U-Haul received approval for a zoning amendment that’ll allow it to convert a former Sears outlet to self-storage in Regina, Saskatchewan, Canada. The Broad Street structure houses about 200 vendors under the name Centennial Market, but the revenue generated isn’t enough to sustain the property. U-Haul has been a tenant at the site since last fall and is in the process of acquiring it. Though the self-storage project will displace the market vendors, the city council voted unanimously to change the zoning bylaw. The move was backed by the Regina Warehouse Business Improvement District and local chambers of commerce, which will assist the market find another location. U-Haul doesn’t expect to commence work on the conversion for at least a year while it works through construction plans and approvals.
U-Haul also purchased land in Denton, Texas, on which plans to build a 100,000-square-foot self-storage facility. It’ll be the company’s first location in the city. The property is on the east side of Texas State Highway Loop 288 and U.S. Highway 380. Once complete, the three-story facility will offer more than 700 indoor, climate-controlled units.
The historic Stone Tavern house on U.S. Route 20 in Sudbury, Mass., could become a part of a newly built self-storage facility. The planning board held a public hearing on Aug. 20 to discuss a proposal from Quentin Nowland for a 3-acre parcel at 554 Boston Post Road. Nowland wants to purchase the property from owner Anne Stone. The home, built in the mid-1700s, would be become the office for the facility, which would comprise 37,600 square feet. The remaining 57-acres of Stone Farm would remain unchanged. The town placed an agricultural preservation restriction on the 57 acres in 1984. Town officials and the design-review board expressed concerns about the facility’s design and size during a July 10 planning meeting.
8/14/19 –The global self-storage development pipeline continues to be extremely dynamic. Inside Self-Storage regularly covers new projects being planned and approved as well as zoning and other municipal issues. Following is activity taking place in August 2019.
1-800-Self-Storage.com, which operates 13 facilities in Michigan, opened a new location at 3846 Rochester Road in Troy, Mich. The four-story facility at 3846 Rochester Road is the company’s second in Troy. The property will take part in the company’s Heart for the Community initiative, serving as a collection spot for used bikes that’ll be repaired and distributed to needy children. A third Troy facility is expected to open in late 2020.
74-16 Grand Ave. Storage LLC, an entity connected to self-storage developer and owner Storage Deluxe, plans to tear down a three-story building in Elmhurst, N.Y., and build a new storage facility in its place. Industrial real estate company Monitor Holding Corp. sold the 70,000-square-foot warehouse at 74-16 Grand Ave. for $16.5 million. Neil Dolgin, co-president of Kalmon Dolgin Affiliates, brokered the deal. Founded in 1998, Storage Deluxe has 65 projects completed and in development, totaling 7 million square feet.
U.K. self-storage operator Big Yellow Group PLC has two facilities under construction in London. The company received approval for its project in Uxbridge, West London, which is expected to open in early 2021. It’ll also begin construction on a 52,000-square-foot facility in March. Big Yellow operates 99 self-storage locations in the United Kingdom under the Big Yellow Self Storage and Armadillo Self Storage brand names, with most concentrated in Greater London and Southeast England. Its total portfolio comprises 5.7 million square feet.
Cowboy Self Storage opened in Stephenville, Texas. The facility at 1855 E. Washington offers 24-hour access, climate-controlled storage, moving and packing supplies, online billpay, and more. The Stephenville Chamber of Commerce recently hosted a ribbon-cutting ceremony to welcome the business, which is owned by Shawn Felton and Walt Harris.
A Hobby Lobby in Boardman, Ohio, is being converted to a self-storage facility that’ll be operated by Extra Space Storage and branded under its name. Renovations on the building on U.S. Route 224 have already begun. The facility could open next month. Headquartered in Salt Lake City, Extra Space owns or operates 1,696 self-storage properties nationwide and in Puerto Rico. The company’s properties comprise approximately 1.2 million units and 130 million square feet of rentable space.
Guardian Storage, which operates 26 self-storage facilities in Colorado and Pennsylvania, opened a new location in Aurora, Colo. The property at 3633 N Walden Circle comprises 655 units in three buildings. It includes a 1,750-square-foot office and two loading docks. Dallas-based ARCO/Murray Design Build handled the architectural design, permitting and construction.
McCarthy’s Removals Ltd. is building its first ground-up self-storage facility in York, England. The £3 million McCarthy’s Storage World on Water Lane will comprise 50,000 square feet. It’s being developed on the site of a former grain store, which was demolished in 2009. Construction is expected to be complete in March. Founded in 1968 as a moving company, McCarthy’s also operates self-storage facilities in Harrogate, Leeds and Wakefield, England.
The Monolith Group LLC, a commercial real estate development and investment firm, is set to build a self-storage facility at the intersection of Cave Creek Road and Greenway Parkway in Mesa, Ariz. The company, which is a preferred partner of self-storage real estate investment trust Extra Space Storage Inc., secured an eight-year, $7.2 million construction loan for the project. It worked with Tom Hartje and David Kotter of Integrity Capital on the financing. Founded in 2001, Monolith is vertically integrated with brokerage, construction and development arms under one roof.
The Birmingham, Ala., City Council approved a self-storage proposal from Orange Storage 280 LLC despite enacting a six-month moratorium on developments last month. The moratorium was intended to keep storage projects away from prime downtown sites but also included a “fast-track” appeals process that enables developers to appear directly in front of the council. The site targeted by developer Jason Price at 147 Resource Center Parkway is in a business district at the end of a dead-end street.
Principal RV & Self Storage in Battle Ground, Wash., completed phase two if its facility at 1710 S.W. 12th Ave. The property offers 645 vehicle-storage spaces ranging in size from 12-by-18 to 15-by-50. It’s part of Scotton Landing, a 22-acre mixed-use project being developed by Principal Properties LLC, the storage-facility owner. Once complete, the development will comprise 400,000 square feet of commercial, multi-family and retail space.
Saber Capital Management LLC proposed a four-story self-storage project at 800 Ethan Allen Highway in Ridgefield, Conn. The 3-acred property is across from Little Pond in an aquifer-protection zone, which raised some concerns during a recent hearing with the planning and zoning commission. Jack Kace, a member of the conservation commission, told planners that stored items such as lawn and pool chemicals could pose a hazard. Robert Jewell, an attorney representing Saber, noted the site had previously been approved for a contractor’s yard, which he argued would be a more significant environmental threat than self-storage. The hearing was continued to Sept. 10.
Security Self Storage opened in Solon, Ohio. The property at 30525 Aurora Road comprises 110,000 square feet, with 90,000 designated for interior storage and 20,000 for vehicle storage. It features an interior drive-through, 400 carpeted units, wine storage, geo-fencing and complimentary valet services. The facility was converted from the former Hunter Manufacturing building. Security is a third-generation, family-owned business. It recently sold its other self-storage holdings to focus on the Solon market, according to Norm Kotoch Jr., company president.
The Storage Barn opened a new location in Dover, N.H., its third in the state. Sitting on 27 acres, the facility at 385 6th St. is the largest storage in Strafford County, according to the source. The Greater Dover Chamber of Commerce recently hosted a ribbon-cutting ceremony to welcome the business, which is co-owned by Jessica Smith. The Storage Barn also operates facilities in Epping and Newington, N.H.
Real estate developer TTH Gate Point Meadows LLC intends to build 120,000 square feet of self-storage in Jacksonville, Fla. The facility would be built on 2.29 acres at 7782 Gate Parkway. The proposal is under review by the St. Johns River Water Management District. The developer is an affiliate of Columbia, S.C.-based Lady Street Builders LLC, which specializes on residential projects.
Michael Vann, owner of Vann Investments LLC, filed an application to rezone a tract of land in Hendersonville, N.C., to allow self-storage development. Vann plans to invest $1.5 million to build Signal Hill Mini Storage at the corner of Linda Vista Drive and Signal Hill Road. Once complete, it’ll contain 600 units. There were no objections to the project during a neighborhood compatibility hearing held earlier this month. The city planning board will review the project at its September meeting.
Phoenix-based U-Haul International Inc., which operates more than 1,500 self-storage facilities across North America and frequently recycles existing structures for its new locations, has acquired a former Kmart in Carlisle, Pa., with plans to convert it to a moving and storage center. The property at 1180 Walnut Bottom Road will offer indoor units. The company views the site as a superior location to its current Carlisle property at 1111 Harrisburg Pike, according to Chris Schaffer, marketing company president for the U-Haul Co. of Harrisburg. The Kmart closed in January. Established in 1945, U-Haul owns and manages more than 62.5 million square feet of storage space nationwide.
U-Haul is also converting a former military radar-system machine shop in Nashua, N.H., to self-storage. U-Haul Moving & Storage of North Nashua at 476 Amherst St. will soon offer moving supplies and truck rentals. The existing 19,517-square-foot building will be transformed into a two-story, 76,000-square-foot storage building containing more than 750 indoor, climate-controlled units.
Two self-storage projects are moving forward in Derry and Hudson, N.H. Andover, Mass.-based Yvon Cormier Construction Corp. is adding a third building to Derry Self Storage at 23 Ashleigh Drive in Derry. The two-story structure will replace an existing canopy. Once complete, it’ll comprise 25,000 square feet in 182 units. The facility was recently sold as part of a two-facility portfolio that included Seacoast Storage in North Hampton, N.H. The deal was brokered by Cowles M. “Monty” Spencer Jr., CEO and president of real estate firm The Storage Acquisition Group.
Plans for the Hudson project include demolishing an existing 4,990-square-foot concrete building and parking lot at 23 Roosevelt Ave. and constructing a three-story, 90,900-square-foot, storage facility in their place. Developer Jim Allard presented his plans for the former light manufacturing building to the planning board on July 24. He estimates construction costs will be $3.5 million. If approved, the project will begin this fall. During the meeting, board members suggested a few minor changes, including lowering light fixtures, and discussed signage details. The board will hold a public hearing to vote on the project on Aug. 14.
Belmont Wicked Local, Historic Rte. 20 Barn in Sudbury to Be Taken Down for Self-Storage Facility
The Spokesman-Review, $5.8 Million Ministorage Development Planned for West Plains
Washington County Insider, My Choice Self Storage to Open New Storage Facility in Fall 2019 in West Bend
Washington County Insider, New Temperature and Humidity Controlled Storage Units Coming to Slinger
The Free Press, Part of Old Lowe's Building Slated for Self-Storage Units
The Business Times, Climate Unchanging at New Storage Facility
Brach’s Storage, Website
What Now Atlanta, SAFStor To Build Three-Story, 106,455-Square-Foot Storage Facility Near Atlantic Station
SAFStor Inc., Website
Denton Record-Chronicle, U-Haul Buys Land in Denton for Large Storage Facility
Reporter Newspapers, Sandy Springs Self-Storage Plan Could Displace Businesses and Church, Create Park and Nonprofit Site
Reporter Newspapers, Sandy Springs Self-Storage Plan Could Displace Businesses and Church, Create Park and Nonprofit Site
Reporter Newspapers, Self-storage Developer Claims Toll Lanes Project Will Displace Tenants Anyway; GDOT Denies It
Commercial Property Executive, Self Storage Development Underway in Orlando
Yahoo Finance, New Mixed-Use Development Coming to Downtown Orlando #EatShopStore
Port Stephens Examiner, New Facility for Self Storage
620 CKRM, City Council Passes Motions for U-Haul Facility, Ring Road Rail Crossing
CJME, Council Approves Airport Tax Exemption, Storage Facility in Old Sears Outlet
GlobeSt.com, New JV to Build CubeSmart Self-Storage Facility in Montville
South Jersey Observer, The Pennant Will Not Be Back; Self-Storage Facility Proposed for Entire Property
Tampa Bay Times, Tarpon Springs Denies Permit for Storage Facility
The Palm Beach Post, Lake Park Self-Storage 3-Story Facility Holds Grand Opening
Yahoo Finance, ezStorage Opens New Fairfax, VA Storage Facility
QNS, Industrial Real Estate Company Sells $16.5 Million Warehouse to Storage Developer in Elmhurst
Fosters.com, Storage Barn Welcomed to Dover Chamber
WHKP.com, City of Hendersonville Receives Application for New Mini-Storage Facility
Morningstar, Big Yellow Aiming to Have New London Store Open Within Two Years
WFMJ.com, Self-Storage Facility Replacing Old Hobby Lobby on 224
Stephenville Empire-Tribune, Cowboy Self Storage Cuts Ribbon
Union Leader, Self-Storage Projects Moving Forward in Hudson and Derry
The Columbian, Battle Ground Self-Storage Facility Completes Expansion
Digital Journal, The Storage Acquisition Group Announces the Sale of Derry Self Storage and Seacoast Storage
Yahoo Finance, U-Haul Expands Self-Storage Options in Nashua
Bdaily News, Latest £3m Self-Storage Unit in York Set to Create New Jobs for Local Area
Birmingham Business Journal, Birmingham City Council: 280 Self-Storage Facility Can Move Forward
Cleveland.com, Security Self Storage Brings State-of-the-Art to Aurora Road Landscape in Solon
Jax Daily Record, Baer’s Furniture, Wawa and a Self-Storage Center Are Taking Steps
Minister FM, Work Begin on £3M Storage Centre in York
The Ridgefield Press, Conservationist Raises Issue With Proposed Route 7 Storage Facility
The Sentinel, U-Haul Buys Former Kmart in South Middleton Township