Adding self-storage as an anchor to a mixed-use real estate project offers many benefits to developers and the community. Here are some of the features and complexities of these in-demand projects.
3-Story Access Self Storage Facility Planned in Bristol, England, Despite Residential Opposition
Access Self Storage, which operates more than 50 facilities in the United Kingdom, is aiming to build a three-story project in Bristol, England, on a site that housed an iconic art-deco building for 70 years. Though the former Cruickshanks Mercedes Gar…
1784 Capital Holdings Buys Land to Build Self-Storage in Surprise, AZ
1784 Capital Holdings LLC, a Scottsdale, Ariz.-based real estate developer, has purchased 4.8 acres in Surprise, Ariz., on which it plans to build a self-storage facility. The property at 14120 and 14150 N. Litchfield Road was acquired from Levine Inve…
Personal Mini Storage Acquires Saint Cloud, FL, Self-Storage Facility
Florida self-storage operator Personal Mini Storage has purchased C&M Mini Warehouse in Saint Cloud, Fla., now the company’s second facility in the city and 41st overall. The property at 3690 Old Canoe Creek Road, built in 2001, comprises mor…
New Zealand Self-Storage Operator National Mini Storage Offers ‘Man on the Street’ Interviews
In the first episode of the “Storage TV” series from New Zealand self-storage operator National Mini Storage, the host takes viewers on a virtual tour of the facility. He also does his best “man on the street” impersonation by a…
U-Haul Converts Former JCPenney and Kmart Stores to Self-Storage in 5 States
Update 8/15/17 – U-Haul is also converting a former Kmart in Baltimore. U-Haul Moving & Storage of Eastpoint at 222 N. Point Blvd. has opened a temporary showroom offering truck and trailer rentals, moving supplies, and portable-storage conta…
Self-Storage REITs Schedule Conference Calls to Discuss 2Q 2017 Financial Results
The five largest publicly traded, U.S.-based self-storage real estate investment trusts (REITs)—CubeSmart, Extra Space Storage Inc., Life Storage Inc., National Storage Affiliates Trust and Public Storage Inc.—have announced when and how th…
Merrimac Ventures to Build 3-Story Self-Storage Facility in Ft. Lauderdale, FL
Real estate developer Dev Motwani, president of Merrimac Ventures, plans to build a three-story self-storage facility in Ft. Lauderdale, Fla. The building at 2201 W. Broward Blvd. will comprise 130,700 square feet of storage space and 8,000 square feet…
Mixed-Use Development With Self-Storage, Health Club Proposed for Greenburgh, NY
Real estate developer Robert Martin Co. LLC (RMC) is in preliminary talks with Greenburgh, N.Y., officials to build a mixed-use development that would include a multi-story self-storage facility and a two-story health club. The project would involve te…
10 Ways Self-Storage Operators Can Avoid a Wrongful Sale
Avoiding a wrongful sale is sidestepping the most dangerous litigation possible to your self-storage business. Follow these 10 guidelines to keep from being sued.