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Self-Storage Development and Zoning Activity: February 2020

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 February 2020.

England-based moving and self-storage company Andrew Porter Ltd. completed a fourth-phase expansion of its facility in Kendal, England, adding 30 units and bringing its total to 110. The site opened in December 2018 with 27 units. The new spaces are already 15 percent rented, according to facility manager Stephen Gregson. Andrew Porter operates self-storage facilities in Adlington and Kendal, England, plus a storage warehouse in Northwest England.

Coleman Holdings LLC, an affiliate of Gramling Brothers Real Estate & Development, is seeking approval to build a three- or four-story facility in Mount Pleasant, S.C. Broadway Street Self Storage would front Coleman Boulevard and include ground-floor retail space. The town’s design board reviewed the developer’s preliminary plans last month. Based in Charleston, S.C., Gramling Brothers developers commercial and residential projects.

The Davis Group is developing a three-story facility in Naples, Fla., that’ll comprise 110,000 square feet of climate-controlled storage. The facility will be a part of Founders Square, a 55-acre mixed-use development on the southeast corner of Collier Boulevard and Immokalee Road. The project is slated to be complete in summer 2021. Based in Atlanta, The Davis Group and its sister company, Alpharetta Construction, develop, construct and manage commercial developments.

ezStorage Corp. opened its second location in Fairfax, Va. The newly constructed facility at 3849 Pickett Road is the company’s 46th overall. Founded in 1988, ezStorage operates properties in Maryland, Virginia and Washington, D.C.

After being denied a permit last fall to expand Gopher State Storage in East Bethel, Minn., the facility’s owners will have another chance to apply with a revised site plan. MN Built Harris LLC purchased the facility in March along with adjacent, undeveloped land on the southeast corner of Minnesota State Highway 65 and Sims Road. Plans for the first phase includes 215 units across three storage buildings east of the two existing storage structures. A smaller fourth building south of the existing office and five more buildings to the north would be built in later phases. Council members asked the developer to resolve issues with building setbacks and site access before submitting the proposal again. MN Built Harris is owned by John Henry and David Heil, CEO and founder of State Storage Group, which operates facilities in seven states.

Ormond Power Properties LLC received unanimous rezoning approval last month to develop a three-story facility in Ormond Beach, Fla. Plans for the 3.1-acre property at 263 S. Nova Road include a 94,921-square-foot building containing 780 units. The project will preserve 32 percent of the existing natural areas, including 35 trees, according to city officials. 

Land-developer Premier A-2 West Chester PA LLC intends to convert a former cold-storage and food-production facility in West Chester, Pa., to self-storage. The company recently acquired the property for $5 million from a partnership led by New York-based real estate firm New Mill Capital Holdings. The parcel at 700 Old Fern Hill Road comprises a 134,000-square-foot building and 10 acres. Built in 1975, the building was initially owned by H.J. Heinz Co. and used to produce Steak-umm, Tater Tots and other foods under the Ore-Ida brand. It most recently was used by Hain Celestial Group, an organic and natural-products company, which vacated the property in 2018. Premier A-2 is an affiliate of Premier Storage Investors of Memphis, Tenn., which specializes in self-storage acquisition and development opportunities in the top 40 U.S. Metropolitan Statistical Areas.

Quinlan Development Group LLC, a privately held real estate investment and development firm, is building a facility in Rochelle Park, N.J. The property at 174 Route 17 N. will comprise 1,034 climate-controlled and nine drive-up units as well as 75 climate-controlled lockers. Once complete, it’ll be managed by PS Advantage Inc., the third-party management affiliate of Public Storage, a self-storage real estate investment trust. The $13.35 million construction loan was secured through Bank OZK. It’s the second project the developer has financed with the lender. Founded in 1971 and based in New York City, Quinlan has built, renovated or invested in more than 37 properties totaling more than 2.5 million square feet of real estate in New York and New Jersey.

The Ravenna, Ohio, Planning Commission approved the expansion of Ravenna Self Storage onto a vacant 5-acre parcel next to the current facility at 950 N. Freedom St. Owner Harry Dennison recently purchased the land and intends to build one storage building on the parcel as well as relocate the facility’s parking. Additional buildings could be constructed in the future, as needed.

Real estate developer SAD Management LLC opened Pelham Road Self Storage in Greenville, S.C. The facility at 345 Pelham Road, less than half a mile from several apartment complexes, comprises 61,350 square feet in 687 units. It was constructed by Griffco Design/Build Inc. and will be operated by self-storage owner and property-management firm Absolute Storage Management (ASM). Founded in 2002, ASM operates more than 100 properties in 13 states.

StorageTown Inc. opened a new self-storage facility in Mandaue City, Philippines. The three-story facility on Anecito St., in the Cabancalan neighborhood, comprises more than 1,000 units ranging from 1.8 to 90 square meters. It features coded access and a smart-lighting system. The P250 million investment is the first business venture launched by siblings Chase, Chaz, Chanel and Chesna Cokaliong.

Phoenix-based U-Haul International Inc., which operates more than 1,500 self-storage facilities across North America, is converting a former Kmart store in South Middleton Township, Penn. Expected to be complete this spring, U-Haul Moving & Storage of Walnut Bottom Road will comprise 65,000 square feet of climate-controlled space. The operator purchased the 33-acre lot at 1180 Walnut Bottom Road in July.

U-Haul also completed its conversion of a former auto dealership to storage in Middletown, Ohio. U-Haul Storage of North Verity Parkway at 2436 N. Verity Parkway is open 24/7. It contains 450 climate-controlled and drive-up units. U-Haul operates two other full-access facilities in the state, at 2335 Gilbert Ave. in Cincinnati and 360 S. Main St. in Dayton. Established in 1945, U-Haul operates more than 55 million square feet of storage space in North America.

Ultra Storage opened in Ventura, Calif. The facility at 2701 Golf Course Drive comprises more than 72,000 net rentable square feet in 480 units. Owned by Brian Harvey, it’ll be managed by Universal Storage Group, an Atlanta-based consulting and management firm.

The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, opened a new facility in Sacramento, Calif. The property at 2415 3rd St. is near the interchange of Interstates 5 and 80 in the Broadway District downtown. Founded in 1994 and based in Santa Monica, Calif., WWG acquires, develops and operates more than 165 self-storage facilities in 14 states.

Sources:
ABC Newspapers, East Bethel Reconsidering Self-Storage Expansion Request
Hometown News, Storage Facility Chosen for Site as Lesser of Evils
Journal-News, U-Haul Expands Self-Storage Space in Middletown With 450 More Units
Naples Daily News, Groundbreaking of Founders Square, a 55-acre Mixed-Use Development is Announced
Ormond Beach Observer, Nova Road storage facility gets five yeses from Ormond Beach City Commission
Philadelphia Business Journal, West Chester Building on 10 Acres Sold, Goes From Cold Storage to Self-Storage
PR.com, New Management for Newly Built Storage Facility
PR Newswire, ezStorage Opens New Fairfax, VA Storage Facility
PRWeb, StorQuest Opens Modern Self Storage Facility in Downtown Sacramento, CA
Record-Courier, Two Ravenna Companies Will Expand
The Post and Courier, Storing Stuff
The Sentinel, Where it Stands: U-Haul Expects To Open Walnut Bottom Road Self-Storage Facility this Spring
The Westmorland Gazette, More Expansion for Andrew Porter Self Storage
Yahoo News, State-of-the-Art Storage Facility Opens in Mandaue

TAGS: News Zoning
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