Real estate developer Poverni Sheikh Group LLC (PSG) has acquired an 8,100-square-foot industrial-flex building in Baltimore’s Canton neighborhood with the intent to redevelop it into 110,000 square feet of self-storage. PSG purchased the propert…
Dealpoint Merrill Gets Approval to Convert Grocery Store to Self-Storage in Fort Wayne, IN
Update 8/10/17 – The Fort Wayne, Ind., City Council this week approved Dealpoint Merrill’s zoning request to convert the former Scott’s Food Store to self-storage. The facility will include all interior units, according to the source….
Amdell Cos./Compass Acquires Brightwood Self Storage in Whitsett, NC
Brightwood Self Storage in Whitsett, N.C. It’s the company’s fourth location in the state and its 10th acquisition of 2017, according to a press release. The site was purchased by separate affiliates of Amsdell Group LLC and Compass Self St…
The Self-Storage Real Estate Transaction: Understanding the Roles of Buyer and Seller
The process of buying and selling self-storage properties is detailed and complex, requiring hard work from all parties involved. A successful transaction requires several important steps, and items that must be closely and efficiently managed.
Storage Made EZ Shows Self-Storage Customers How to Create an Online Account
Many self-storage operators now offer online services to their customers, but few have a step-by-step video to guide them. Storage Made EZ in Evans Mills, N.Y., created this video to show its tenants how to access and use their accounts online. Th…
Dominion Self-Storage Breaks Ground on Buckeye, AZ, Facility
Dominion Self-Storage has broken ground on a new facility in Buckeye, Ariz., its third location in the state. The property at 20825 W. McDowell Road is on the southeast corner of McDowell Road and Market Street, in the Verrado master-planned community….
Self-Storage Technology Firm storEDGE Expands Engineering Team to Denver
storEDGE, a provider of software and other technology for the self-storage industry, has expanded its Kansas City, Kan.-based engineering team to Denver following several years of rapid growth. The company has doubled its software development and engin…
Citizen Storage Launches in Michigan With 2-Property Self-Storage Acquisition
Citizen Storage Management and Affiliates, a Michigan-based self-storage operator led by president and CEO Peter Spickenagel, has launched behind the acquisition of two storage properties in Fenton, Mich. The facilities comprise 86,000 square feet, wit…
Boardwalk Development Group Launches $80M Boardwalk II Self-Storage Investment Strategy
Boardwalk Development Group LLC (BDG), a self-storage acquisition and development company, has launched an $80 million Boardwalk II Strategy that will focus on storage-property acquisitions in secondary and tertiary markets throughout the Southeast. BD…
Self-Storage Lender ValueXpress Names New Senior Vice President of Originations
Self-storage finance firm ValueXpress LLC has promoted Dennis Suh to senior vice president of originations. Suh joined the company last August as a vice president for the firm’s commercial loan originations group, focusing on agency and commercia…