Update 6/17/21 – The former fiber-drum industrial plant in Tonawanda, New York, that was previously reported as being a development target for REIT Life Storage is actually being acquired and converted by self-storage developer Boxes Builders Inc. The project will be handled by subsidiary Boxes Storage Developers. The purchase was contingent on project approvals, which the company received last week. Life Storage will still manage and brand the facility.
Newly revealed aspects of the project include a central, interior drive-through and the addition of a 3,300-square-foot office storefront. New fencing and an access gate will be added to the parking lot to the north of the main structure. The building will also get a new façade. The project is expected to be complete within 12 months.
Boxes Storage is owned by Jered Duke, a veteran contractor who’s developed more than 120 self-storage properties, including conversions and ground-up projects, according to the source. The company has offices in Greenwood, Indiana, and Park City, Utah.
5/20/21 – 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 additional activity taking place in May 2021.
Property owner Glenn Greenberg, operating as 129 Amity Road LLC, intends to develop a self-storage facility on a vacant lot in New Haven, Conn. The four-story structure would be built by contractor Boardwalk Storage Solutions on a .74-acre plot at 129 Amity Road. The board of zoning appeals unanimously approved a use variance on May 11 to allow the project, though Greenberg must still win site-plan approval from the planning commission. He previously received city approval to develop a medical-marijuana dispensary and then a Wendy’s fast-food restaurant at the site, but those projects fell through, partly due to traffic-control upgrades required by the Connecticut Department of Transportation (CDOT), which owns the surrounding land. The site is flanked on three sides by the Wilbur Cross Parkway. CDOT wouldn’t require the upgrades if the site is used for self-storage due to lower traffic volume. Greenberg’s company acquired the property in 2018 for $800,000.
B&G Enterprises LLC received zoning approval to build a fourth Eagle Self Storage location in Henderson County, N.C. Plans for the property at 2310 Asheville Highway in Hendersonville include seven buildings comprising 99,480 square feet and two covered vehicle-storage spaces. B&G operates two facilities in Flat Rock and one in East Flat Rock, N.C.
Burlington Self Storage, which operates eight facilities in Florida, Massachusetts and New Hampshire, will open a new location in Fort Lauderdale, Fla., next month. The five-story facility at 1375 Progresso Drive will offer 820 climate-controlled units. Founded in 1990, Burlington operates four facilities in Florida, and two each in Massachusetts and New Hampshire. It offers drive-in buildings as well as climate-controlled and vehicle-storage spaces.
Cherney Development Co. Inc. opened Fort Knox Drive-Thru Self-Storage in Roanoke, Va., on the former site of Happy’s Flea Market. Built on 11 acres at 5411 Williamson Road, the facility was converted from a pre-existing, 90,000-square-foot structure. It offers drive-through, interior self-storage in addition to rentable office space. The developer is also converting a former Kmart in Danville, Va., to another Fort Knox location. Based in Roanoke, Cherney specializes in commercial-property conversions and multi-family housing. It has developed 14 self-storage facilities in North Carolina and Virginia.
Compass Self Storage, a member of the Amsdell family of companies, opened a facility in Jupiter, Fla. The property at 50 Frederick Small Road comprises 122,900 net rentable square feet in 1,000 units. Compass operates nearly 100 facilities nationwide.
Property owner Joe Harding intends to convert a portion of the vacant Chestnut Hill Shopping Center to self-storage in Staunton, Va. Built in 1971 on 9.75 acres at the intersection of W. Beverly Street and Grubert Avenue, the property comprises 91,500 square feet in two buildings. The project would convert both structures to climate-controlled storage space and add new storage buildings to the existing parking lot. It would require rezoning a portion of the property from general business to light industrial. The planning commission recommended against the rezoning in April. The city council was scheduled to hold a public hearing on the request on May 13. A portion of the property along W. Beverley Street would remain zoned for general business. The shopping center has been vacant since 2019.
J&P Synergy is proposing a mixed-use project for a nearly 20-acre parcel in McDonough, Ga. The proposal for the southwest corner of Airline Road and Georgia State Route 20 would include a gas station and self-storage on 6 acres. The county zoning advisory board was expected to review the project at its May 13 meeting, then schedule a public hearing.
Madison Capital Group Holdings LLC, which operates the Go Store It brand, intends to convert four recent building acquisitions to self-storage in Baton Rouge, La.; Boise, Idaho; Melbourne, Fla.; and Savannah, Ga. The Baton Rouge project was a former Hobby Lobby store, while the other three are former Sears outlets. The purchases were funded through a $25 million line of credit from Bay Point Advisors LLC. Madison affiliate MCG Baton Rouge Owner LLC purchased the 7-acre Baton Rouge property at 1683 O’Neal Lane for $3.9 million from H&E Properties LLC. The site includes the 104,000-square-foot building Hobby Lobby that was vacated last year. The outparcels along the front of the property will be sold. Go Store It specializes in the acquisition, development and management of self-storage nationwide. It operates 28 self-storage facilities in eight states. Its portfolio comprises more than 3 million square feet.
Freehold, N.J.-based Manalapan Land Holdings received zoning approval to build a self-storage facility in Manalapan, N.J. Plans for the 6.72-acre parcel at 200 Madison Ave. include two stories comprising 87,320 square feet in 830 units, plus outdoor vehicle storage. The property was previously approved for an office building.
A proposal by North Main Street Properties of Hendersonville LLC to build a three-story self-storage facility in Hendersonville, N.C., was vetoed 4-1 by the city council. The vacant 1.83-acre parcel off Signal Hill Road is zoned as low-density residential. The proposal called for 47,485 square feet in 228 storage units. Council members said the proposal wasn’t compatible with the city’s comprehensive plan.
RazorBox Storage opened in Fort Smith, Ark. The facility at 8601 Chad Colley Blvd. offers ground-level units, some of which are climate-controlled. It’ll be managed by United Properties Group, a provider of consulting, real estate and management services.
The Peoria, Ariz., Planning and Zoning Commission approved a conditional-use permit request from RKAA Architects Inc. to allow the development of a self-storage facility on 5.6 acres near the northwest corner of 75th Avenue and Cactus Road. The project will comprise about 79,700 square feet of interior self-storage, along with 60 outdoor boat/RV-storage spaces, of which 35 will be covered. The site is zoned as intermediate commercial and has been used to farm alfalfa for several years. Founded in 1976, RKAA is a full-service design firm that specializes in commercial projects, including self-storage. It has offices in Newport Beach, Calif., and Phoenix.
Officials in Sault Ste. Marie, Mich., approved two self-storage projects from brothers Dave and Joe Ruscio. Ruscio Developments Inc., led by Joe, will construct a 30,000-square-foot warehouse and up to 60,000 square feet of self-storage at 885 Second Line E., near a wastewater-treatment plant. Separate entity Ruscio Masonry and Construction Ltd. received a zoning change that’ll allow it to build a storage facility at 2176 Queen St. E. The Queen Street site, adjacent to Vaultra Self-Storage, was approved for an outdoor-storage project in 2016 that was connected to a planned Honda dealership, but that development fell through.
Self Storage Investing (SSI) will convert a former warehouse in Sheboygan, Wis., into a mixed-use building for self-storage, business offices and artist space. The vacant structure at the corner of S. 13th Street and Kentucky Avenue will comprise 236 storage units, with floors alternating between self-storage use and customizable office/maker space. Amenities include conference rooms, open space for cubicles, and specialized areas such as a soundproof room for podcasting. The top floor will include event space and a rooftop deck. The $2.5 million first phase of the project will include work to the exterior, along with insertion of the storage units and framing for the office spaces. SSI CEO Scott Meyers is in talks with Lakeland University about having students manage the property as part of their curriculum. Meyers is a self-storage developer, owner, syndicator and operator. Since 2005, he and his companies, including Kingdom Storage Holdings, have bought, sold, developed and converted more than 2.1 million square feet of storage across 11 states.
Stash Spot Storage is seeking zoning approval to build a facility in Smithers, British Columbia, Canada. The rezoning request by company co-owner Christopher Fitzpatrick includes four lots at 4351 Highway 16. The project would include six self-storage buildings containing 80 to 100 units each. The structures would be connected by the roofline to comply with the town’s alpine theme. The council approved the first and second reading of the zoning amendment at its April 27 meeting. A public hearing will be scheduled to address the proposal.
Commercial development firm Stirling Properties has broken ground on River Chase Self Storage as part of its 253-acre River Chase master-planned community in Covington, La. The three-story facility on the 2.7-acre parcel on Brewster Road will comprise 108,000 square feet in 641 units. Expected to open by year’s end, it was designed by Greenleaf Lawson Architects. Kent Design Build Inc. is the general contractor, with Duplantis Design Group serving as civil engineer and Richard Price Construction Inc. LLC managing the site work. Stirling Properties is a commercial development and real estate company with projects in Alabama, Florida, Louisiana and Mississippi. Its portfolio includes 1,750 self-storage units.
Phoenix-based U-Haul International Inc. is developing a moving and self-storage center on 4.49 acres in Goodyear, Ariz. The three-story facility at 13650 W. Van Buren St. will comprise about 100,000 square feet and more than 700 storage units. The project is expected to be complete by year-end.
U-Haul is also converting the former Roll On America roller rink in Lancaster, Mass. The Perkins family converted the building at 90 Duval Road Route 2 from an ice-skating rink to roller skating in 1979.
In Williston, Vt., U-Haul is building a two-story moving and storage center on 4 acres of a former farm at 4964 Williston Road. Construction began in March and is expected to be complete in November. DEW Construction Corp. is serving as general contractor. Established in 1945, U-Haul owns and manages more than 62.5 million square feet of storage space nationwide.
5/6/21 – 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 May 2021.
21st Century Storage intends to upgrade a facility it recently acquired in Long Island City, N.Y. The property at 47-30 29th St. comprises 1,100 units and is the largest in the company’s portfolio. The previously converted warehouse will be updated during the next 12 months to include climate-controlled units on all floors. The retail-office area will also be redesigned, among other building improvements. New York-based RAND (Restoration and New Design) Engineering & Architecture DPC will handle the construction. The acquisition was facilitated by Colliers International and The BSC Group. Based in Aspen, Colo., 21st Century is a real estate development, investment and management company. It operates six self-storage facilities in California, New Jersey, New York and Pennsylvania.
Commercial real estate developer ADEVCO Corp. opened a three-story self-storage facility in Peachtree Corners, Ga. The property at 7112 Peachtree Industrial Blvd. comprises 71,530 square feet in 684 units. It has two electric-vehicle charging stations. The site will be managed by self-storage real estate investment trust (REIT) Life Storage Inc. and branded under its name. WePartner LLC was the joint-venture partner, and Polara Capital was a capital partner. Woolard Attman Construction Inc. served as the general contractor.
Matthew Cooke, owner of Apple Country Storage Inc. in Hendersonville, N.C., is seeking a special-use permit to build Crab Creek Mini Storage in a primarily residential area elsewhere in the city. Plans for the 9.53-acre parcel at 547 Crab Creek Road include 126,000 square feet to be built in four phases. A vote on Cooke’s zoning request has been pushed to June 30. The continuance came after community members began an online petition against the project and voiced their concerns during an April 28 zoning-board meeting. The extra time will allow them to conduct a traffic-impact analysis as well as noise and light pollution studies, and hire a real estate appraiser. Cooke said he’s working to accommodate neighbors' concerns.
The Cody, Wyo., Planning and Zoning Board approved site plans for two self-storage facilities. Ballistic FX off Big Horn Avenue will include four buildings containing 182 units. Mountain View Drive Storage on Mountain View Drive will offer vehicle storage. The property will contain five large buildings: one 20-by-110 feet, two 50-by-173 feet, and two 50-by-200 feet. Owners Brian and Lisa Stott hope to complete the project this year.
U.K. self-storage operator Big Yellow Group PLC purchased a 0.9-acre site in Kentish Town, North London, for £16.5 million. The company is seeking planning approval to construct 68,000 square feet on the Regis Road property. Big Yellow has 14 projects underway, eight of which have been approved. The company operates more than 100 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.
The Coweta County Board of Commissioners approved a rezoning request from Childress Klein Inc. to build a StorageMax self-storage facility in Newnan, Ga. Once complete, it’ll comprise 102,000 square feet. The three tracts at 520, 536 and 552 Poplar Road were impacted by a new interchange on Interstate 85. Two homes were demolished, and the property failed to attract a developer for more than two years. Childress has developed more than 50 million square feet of commercial real estate and owns assets valued at more than $2 billion.
Compass Self Storage, a member of the Amsdell family of companies, opened a newly constructed facility in Jupiter, Fla. The property at 50 Frederick Small Road comprises more than 122,900 net rentable square feet in about 1,000 units. It’s the company’s 26th location in Florida. Headquartered in Cleveland, Compass operates 98 facilities nationwide.
Coyle Enterprises received approval to build a second Prairie Grove Self-Storage facility in Prairie Grove, Ark. The 10-acre development on East Butler Street will contain 27 buildings, including two for retail. The smallest structure will be 80-by-20 feet, with the largest at 160-by-30 feet. Founded in 1998 by Jerry Coyle, Coyle Enterprises constructs custom homes and commercial properties.
Diamond Point Development LLC will break ground this summer on a new self-storage property in Lafayette, Ga. Expected to be complete in February, the facility at 2270 Highway 138 S.W. will comprise 120,000 rentable square feet, plus vehicle-storage parking. It’ll be managed by a third party. Diamond is led by Aaron and Jason Sommer, who are experienced in all facets of commercial real estate, including ground-up self-storage development and asset management.
Diversified Properties LLC opened a self-storage location in Montville, N.J. The facility at 352 Main Road comprises 98,000 square feet in 750 units. It’ll be managed by REIT CubeSmart and branded under its name. The site is behind an office building Diversified purchased eight years ago, according company owner Nick Minoia. A foundation had been laid for a second structure, but it was never built. Minoia submitted and received rezoning to allow for storage. Founded in 2000, Diversified specializes in the development of industrial, multi-family, office, self-storage and retail real estate.
Canadian self-storage operator Dymon Storage Corp. intends to build a six-story facility in the Malvern neighborhood of Toronto, its fourth location in the city, but residents oppose the project. The property at 1370 Neilson Road would include boardrooms and workspaces. Residents object to the modern design and height of the building. A petition against the proposal has collected about 200 signatures. Founded in 2006, Dymon operates 13 self-storage facilities primarily in the Ottawa and Toronto markets. It’s an affiliate of the Dymon Group of Cos.
FollettUSA, which operates the Storage Star brand, opened a new location in Napa, Calif. The facility at 400 Devlin Road will be 100% powered via a 1-megawatt rooftop-solar installation. The company has partnered with utility Marin Clean Energy and solar installer Shorebreak Energy Developers. In addition to traditional self-storage, the facility will offer luxury, mini-warehouses and wine storage. Construction was provided by Thomastown Builders Inc. Founded in 1989 and based in California, FollettUSA is a boutique real estate firm that acquires, develops and manages residential, self-storage and other investment properties. It operates 32 storage facilities comprising 2.5 million rentable square feet in more than 18,500 units.
GoldOller Real Estate Investments is set to break ground on a five-story self-storage facility in the Grays Ferry neighborhood of Philadelphia. The property at 3145 Grays Ferry Ave. will comprise 157,000 square feet. The $20 million project will be the second self-storage development for GoldOller, which last year completed an 80,000-square-foot facility in the Fishtown area of Philadelphia as part of a joint venture. Headquartered in Philadelphia, GoldOller specializes in multi-family properties and owns more than 40,000 apartment units in 18 states.
Horizon Road Self Storage LLC opened in Rockwall, Texas. The facility at 231 Ranch Trail comprises 40,275 square feet in 288 units. Just north of the intersection of Horizon Road and Ranch Trail, it’s near the Buffalo Creek community. Phase two will add nearly 50,000 more square feet in 287 units. The facility will be managed by Life Storage.
Self-Storage REIT Life Storage is buying and intends to convert a former fiber-drum industrial plant in Tonawanda, N.Y. The 138,000-square-foot building at 2122 Colvin Blvd. would comprise 895 climate-controlled units and more than 100 boat/RV-storage spaces. Pending approvals and final reviews, construction could begin this summer, with completion anticipated by summer 2022. The company is expected to close on its acquisition this month. Based in Buffalo, N.Y., Life Storage operates more than 950 self-storage facilities in 33 states and Ontario, Canada. Its portfolio of owned and managed facilities comprises more than 69.9 million square feet.
A joint venture between Live Oak Capital Partners LLC, Lumpkin Development LLC and MacArthur Holdings LLC broke ground on a 9.2-acre parcel in Canton, Ga. The property at 7222 Cumming Highway will comprise 93,000 square feet of self-storage and is expected to open next spring. JM Williams Contractors will serve as general contractor. Renasant Bank is providing debt financing. The facility was designed by Max Design Group and Travis Pruitt & Associates. Based in Atlanta, Live Oak Capital has acquired, developed and sold more than $120 million in commercial properties. Lumpkin operates 4 million square feet of commercial real estate in Alabama and Georgia. Family-operated MacArthur builds, owns and operates hotel, multi-family, office, retail and self-storage.
Metro Storage LLC, which operates the Metro Self Storage brand, opened a new location in Coon Rapids, Minn. The facility at 3021 124th Ave. comprises 95,000 rentable square feet in 908 climate-controlled units. It also has rooftop solar panels. Metro is a privately owned, international company specializing in storage acquisition, construction, development and management. It operates more than 140 facilities in 14 states.
Moove In Self Storage, which operates 34 locations in six states, intends to convert and expand a 74,200-square-foot former factory building in Garden Township, Pa. The project includes adding a mezzanine, which will result in a 100,000-square-foot facility. The development will be handled by York, Pa.-based Storage Construction. It’ll be the eighth project between the two companies.
StorCon Development LLC intends to build a new self-storage facility in Orlando, Fla., on the site of a former Golden Corral restaurant, which would be demolished. The three-story Semoran Grant Storage at 2328 S. Semoran Blvd. would comprise 87,450 square feet, including 4,500 square feet of commercial space. StorCon is under contract to acquire the property from Metro Corral Partners, which is selling the site in accordance with its Chapter 11 bankruptcy reorganization. The planning board is scheduled to review the project on Jun 15. If approved, construction is expected to begin in January, with completion scheduled for January 2023. Winston-Salem, N.C.-based Randolph C. Henning Architect Inc. is the project designer. StorCon principal Jonathan Dorman is also principal of Toronto-based Bluebird Self Storage.
Ostego, Minn., officials granted a zoning change that will allow developer Todd Jones, principal of Todd Realty LLC, to convert four existing structures at 5887 Queens Ave. N.E. to self-storage and construct four new buildings. The facility will include boat/RV storage and be managed by REIT Extra Space Storage Inc.
True Storage expanded its facility at The Shoppes at South Willow in Manchester, N.H. An additional 161 ground-floor units were added at 665 S. Willow St., which now offers 727 climate-controlled spaces. Managed by REIT Life Storage and branded under its name, the facility is one of 14 businesses at The Shoppes and the first to be completed in the 191,000-square-foot shopping center. True Storage is a national self-storage developer that specializes in conversions and ground-up construction.
The Strasburg, Va., Planning Commission recommended approval for a special-use permit that would allow the Whitacre Family to build a self-storage facility on a 12-acre lot along Borden Mowery Drive. Due to gas and powerline easements, about nine acres of the vacant lot are buildable. If approved, the facility would be comprised of a two-story building and 14 smaller structures. City staff had recommended against the project, citing conflicts with the municipality’s Comprehensive Plan and the project’s architectural design. The city council is expected to vote on the permit on May 11. The Whitacre Family developed Route 37 Self-Storage in Winchester, Va., 20 years ago.
Chris Weiss, owner of Wilmark LLC, received approval to build six self-storage buildings on a 4-acre parcel next to his business, Crest Auto World, in Conway, N.H. Plans for 802 Eastman Road include 34,800 square feet of storage in 260 units and a 5,000-square-foot personal garage. The facility will be automated and open 24 hours. Construction will begin soon.
WMG Partners, a subsidiary of Miami-based MCSS Self-Storage Development & Investment LLC, intends to convert a former Bon-Ton retail store at the York Galleria Mall in York, Pa. Built on 7.5 acres at 2899 Whiteford Road, the structure comprises 126,000 square feet. The facility is expected to offer 900 units and will be managed by REIT Life Storage. Construction is scheduled to begin in August. WMG, which acquired the property last month from WP Carey Inc., is targeting development opportunities in urban-infill markets nationwide. MCSS is a joint venture between Rivergate Companies and SJM Partners, which was formed by industry veterans Steve Garchik, Jay Massirman and Steve McBride. It has 2 million square feet of storage in various stages of development and lease-up.
The Buffalo News, More Self Storage Coming to Tonawanda
Blue Ridge Now, Council Rejects 228-Unit Storage Building off Signal Hill Road in Hendersonville
Blue Ridge Now, Storage Facility on Asheville Highway Approved by Hendersonville City Council
Businesswire, Bay Point Advisors Funds Four Development Projects in $25 Million Line of Credit for Madison Capital Group Holdings
CentralJersey.com, Manalapan Zoners Approve Route 33 Self-Storage Facility
Daily Independent, RV, Boat Storage Planned on Cactus Road in Peoria
Greater Baton Rouge Business Report, Former Hobby Lobby on O’Neal Converting to Self-Storage Facility
Moving Henry Forward, Gas Station, Self-Storage Proposed at SR 20 and Airline Road
New Haven Independent, Self-Storage — Not Burgers, Not Pot — Coming To Amity Lot
News Leader, Old Big Lots Shopping Center in Staunton’s West End Could Become Storage Units if Rezoned
New Orleans City Business, Self-Storage Complex to Join North Shore Development
Sentinel & Enterprise, Roll On America to Be Converted Into a Storage Facility
Sheboygan Press, This Warehouse on Kentucky Avenue in Sheboygan Is Being Brought Back to Life
SooToday, Ruscio Brothers Adding Storage Facilities on Queen St., Second Line
The Advocate, Former Hobby Lobby Building on O'Neal Lane Sold for $3.9M for Self Storage
The Interior News, Rezoning for Highway Mini Storage Passes 1st and 2nd Readings
Times Record, RazorBox Storage Holding Grand Opening May 11 in Fort Smith
West Valley View, Business Briefcase
WFXR, Fort Knox Drive-Thru Self-Storage Opens in Roanoke
U-Haul, U-Haul Land Acquisition Means New Facility, Jobs in Goodyear
Big Yellow Group PLC, Website
Blue Ridge Now, Decision on Proposed Crab Creek Road Storage Facility Pushed to June 30
Buffalo Business First, Life Storage to Invest $30M in Tonawanda Center
Cody Enterprises, New Storage Facilities Approved by Cody Planning and Zoning
Globe Newswire, Compass Self Storage Announces Opening of State-of-the-Art, Flagship Store in Jupiter, Florida
Hendersonville Lightning, Crab Creek Homeowners Win Delay of Zoning Request to Allow Storage Units
Hendersonville Lightning, Neighbors Organize to Oppose Crab Creek Road Storage Unit Development
Manchester Ink Link, True Storage Expands Manchester Footprint With 161 Additional Units
Napa Valley Register, Biz buzz: Storage Star Opens New Solar-Powered Self-Storage Facility in Napa
Orlando Business Journal, A former Golden Corral Location to Be Demolished for New Self-Storage Project
Penn Live, Here’s What’s Coming to the Site of this Former Central Pa. Bon-Ton Store
PR Newswire, GoldOller Real Estate Brings Self-Storage to Greys Ferry
PR Web, Metro Storage LLC Opens New Self Storage Facility in Coon Rapids, Minnesota
REBusiness Online, Joint Venture Breaks Ground on 93,000 SF Self-Storage Facility in Canton, Georgia
Star News, Otsego Approves Zone Change to Allow Storage Space Outfit
Tap Into Montville, CubeSmart Holds Ribbon Cutting in Montville
The Conway Daily Sun, Self-Storage Facility Proposed Next to Crest Auto World
The Conway Daily Sun, Weiss Gets OK for Self-Storage Facility
The Newnan Time-Herald, Self Storage Coming to Poplar @ I-85
The Northern Virginia Daily, Special Permit for Storage Facility Approved in Strasburg
Toronto Star, A Company Wants to Build the ‘Ritz Carlton’ of Storage Facilities in Scarborough’s Malvern Community. Residents Are Fighting Back
Washington County Enterprise-Leader, Commission Approves First Steps for New Casey's