Transactions and Deals: March 12, 2021
posted on 3/11/2021 11:59:00 AM
StorQuest Gains Ground in Denver
StorQuest has opened a new facility on 60th Avenue in Denver. This marks the 28th location in the Denver metro market for owner, The William Warren Group.
Janus Promotes DeBord, Bagley
Janus International Group, LLC has named Christine DeBord president of Nokē ® Smart Entry and Terry Bagley president of industry & partner relationships. Both DeBord and Bagley will report to Morgan Hodges, executive vice president of Janus. Janus is a manufacturer and supplier of turn-key building solutions and new access control technologies for the self storage and other industrial sectors. It is a portfolio company of Clearlake Capital Group, L.P.
REITs Among Forbes’ Best Employers
Three publicly traded self storage REITs were named on the 2021 list of “America's Best Midsize Employers” by Forbes magazine and data-research firm Statista. CubeSmart and Extra Space Storage Inc. were named in the Business Services & Supplies category, while Life Storage Inc. was placed in the Transportation and Logistics category.
Companies were included based on survey results on questions such as work conditions, pay, professional development and company image. CubeSmart ranked the highest at No. 112. The Malvern, Pennsylvania company has 1,200 employees. Extra Space came in at No. 227. The Salt Lake City company has 2,180 employees. Life Storage ranked No. 390. It employs about 2,000 people and is based in Buffalo, New York.
ARCO/Murray Finishes Houston Job
ARCO/Murray completed construction of a new self storage facility for FivePoint Capital Management in Houston, Texas. ARCO/Murray provided a complete design-build solution including architectural and engineering design, permitting, and construction. Preston Brown was the project manager and Paul Ryan served as the superintendent.
LSC Delivers New York Facility
LSC Development completed construction of a self storage facility in Flushing, New York. The facility is managed by Life Storage, Inc.
Maine Electronics Store to Convert
Brady Sullivan Properties — doing business as True Storage Bangor, LLC — plans to build a new self storage facility on a site that was once a Circuit City, according to Bangor Daily News. The project is expected to cost $4.1 million. Brady Sullivan Properties is based in Manchester, New Hampshire.
Jenkins Promotes Managers
The Jenkins Organization Inc. has promoted Amanda Dickson to district manager and Jeremy Rollwitz to regional manager. Dickson will oversee properties in North Texas and Oklahoma, while Rollwitz will cover 45-plus locations in Louisiana, Oklahoma and Texas.
The Jenkins Organization recently hired Cherolyn Johnson Chiang as director of marketing.
InSite Adds in New Jersey
InSite Property Group acquired Statewide Self Storage in Piscataway, New Jersey.
The facility will be operated by InSite's wholly-owned management firm and rebranded as SecureSpace Stelton.
SSA, Charity Storage Celebrate Decade
The Self Storage Association and Charity Storage are celebrating 10 years of partnership. Charity Storage is the Official Charity Partner of the SSA.
“Over the past decade, Charity Storage has offered a logical path to giving for the leading companies in our industry,” said SSA President & CEO Tim Dietz. “We encourage our members to integrate this charitable platform into their operations; it’s a tremendous additive to your business and to your community.”
Charity Storage has donated over $65,300 to date to the SSA Foundation Scholarship Program. This represents 10% of all auction proceeds generated through Charity Storage Unit Auctions. More than $740,000 has been distributed to a variety of qualified charities since inception.