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05

Transactions and Deals: March 5, 2021

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Transactions and Deals: March 5, 2021

NoVa Fertile for Self Storage Plus

 

Self Storage Plus has opened two new facilities in northern Virginia.

Self Storage Plus has opened a facility in Haymarket, Virginia. The new building is the 48th in the Self Storage Plus network and is owned by an affiliate of Arcland Property Company.

Self Storage Plus has opened another property in Washington, D.C. near The Catholic University of America. The property is co-owned by Lock 7 Development and Adler Financial Group.

 

Double Diamond Sells Kansas Site

 

The Double Diamond Storage group in Overland Park, Kansas, has sold its Ottawa, Kansas, location to a private buyer for $555,000. The location has been rebranded to Ottawa Storage KS.

 

Storage King Lands Near Austin

 

Andover Properties, LLC acquired Kyle Premier Storage in Kyle, Texas. The property, which opened in 2018, will be integrated into the Storage King USA portfolio. This is Storage King’s 15th property in Texas.

 

Wine Vault Opens in Naples

 

Carl’s Wine Vault has opened in Naples, Florida. The facility includes a staff wine consultant and offers pickup and delivery services.

Life Storage, Inc. will manage the facility.

 

Life Storage Pursues Ecommerce

 

Life Storage Inc. subsidiary Warehouse Anywhere has launched its third micro-fulfillment center, this time in Chicago. This is the second micro-fulfillment center launch between Warehouse Anywhere’s intelligent third-party solution and Deliverr. The partnership allows Deliverr to strategically place e-commerce sellers’ inventory in the Warehouse Anywhere micro-fulfillment centers. This enhances Deliverr’s one-day ground shipping, and two-day shipping capabilities.

 

Alabama Getting All American

 

All American Self Storage is planning a new facility in Trussville, Alabama, according to the Birmingham Business Journal. Construction is expected to begin by May.

 

Chateau Backs Charity Storage

 

Chateau Products will remain a sustaining sponsor of Charity Storage for 2021. The company is a founding sponsor. Nancy Martin Wagner, Chateau vice president of marketing, is a Charity Storage Ambassador.

 

Mag Mile Adds McClellan

 

Matt McClellan has joined Mag Mile Capital in Chicago, Illinois, as associate vice president of originations. McClellan will be responsible for originating and closing transactions for clients, providing capital advisory, as well as procuring new relationships for the firm.

 

Midcoast Brokers Georgia Duo

 

Midcoast Properties Inc. brokered the sale of Brown Road Self Storage in Hephzibah, Georgia and Storage Village of Augusta in Augusta, Georgia.  Midcoast Properties represented the seller with Dale C. Eisenman, as lead broker.  A national REIT was the buyer.

 

Buchanan Lands Portland Lease-Up

 

Buchanan Street Partners has acquired a recently constructed self storage facility in Portland, Oregon. Buchanan Street purchased the property for $22 million from Leon Capital Group in an off-market transaction., according to RadiusPlus. The project received a certificate of occupancy in July 2020. Westport Properties will provide management and rebrand the facility as a US Storage Centers location.

 

Michigan Office to be Converted

 

Atlanta-based Stein Investment Group has plans to renovate the former AT&T office building in Livonia, Michigan, and convert it to a self storage facility. The remaining portion of the site is open for future development.

The city’s planning commission has approved the plan, which now goes before the city council.

 

PSA Invests in Durham

 

Public Storage paid $26.1 million for a pair of self storage properties in the Durham-Chapel Hill area of North Carolina, according to the Triangle Business Journal. The seller was an affiliate of Stackhouse Management LLC. Both facilities were built and opened in 2019. 

 

Missouri Portfolio Sells

 

Marcus & Millichap brokered the sale of Muddy Man Storage, a three-property self storage portfolio in Branson, Missouri. Marla Čolić of the Williams Storage Group procured the listing to market the properties on behalf of the sellers, who are local owners, and secured the out-of-state buyers.

 

 

 

 

| Categories: | Tags: Self Storage Plus, Ottawa Storage KS, Storage King, Carl’s Wine Vault, Warehouse Anywhere, All American Self Storage, Chateau Products, Buchanan Street Partners, Michigan, Public Storage, Muddy Man Storage | View Count: (443) | Return

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