Public Storage Canada has acquired the four-property SelfStorageCo portfolio in Greater Toronto. The facilities are in Brantford, Guelph, Hamilton and Waterdown, Ontario. Together, they total approximately 270,000 rentable square feet, according to a press release from The Colliers International Self Storage Group, the real estate firm that brokered the transaction.
“This acquisition was accretive to our existing portfolio in Canada and aligns with our growth strategy going forward,” said Andy Hick, vice president of real estate for Public Storage Canada.
The Colliers brokerage team included Ashley Compton, Matt Davis, Tom Gustafson and Greg Peak.
Headquartered in Toronto, Public Storage Canada is a division of U.S.-based self-storage real estate investment trust Public Storage Inc. It opened its first location in Brampton, Ontario, in 1979. It now operates 60 facilities in the country.
Colliers is a global commercial real estate services firm employing more than 16,000 professionals who operate out of 554 offices in 66 countries. The company offers a variety of services for business owners, developers and investors. It has brokered more than $600 million in self-storage sales across North America in 2018.