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03

Transactions and Deals: July 3, 2021

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Transactions and Deals: July 3, 2021

Compass Buys Near Dallas

 

Compass Self Storage acquired a new self storage center in Fate, Texas, near Dallas-Fort Worth. This is the eighth Compass location in Texas and the 98th nationwide. Compass Self Storage is a member of the Amsdell family of companies.

 

 

 

 

Life Storage Adds in Florida

 

Life Storage Inc. has acquired a self storage facility in Oakland Park, Florida from Burlington Self Storage for $22 million. The property is Life Storage’s 9th facility in Broward County, according to the South Florida Business Journal.

 

Devon Converts Michigan Facility

 

Devon Self Storage has opened a new property in Grand Rapids, Michigan. Devon acquired and redeveloped the property with drive-thru access.

 

Berkshire Hathaway Brokers Louisiana Sale

 

Berkshire Hathaway CRE brokered the sale of Tiger Drive Storage in Thibodaux, Louisiana. Parker Sweet and Cameron Vale represented the private seller and secured the private buyer. 

 

Yardi Acquires Visitor Software

 

Yardi has acquired Forge, a visitor management and access control software company. Forge Bluepoint is a cloud-based platform that allows companies to manage the visitor process from invitations and check-ins to arrival.

 

Midcoast Brokers Georgia Deal

 

Midcoast Properties Inc. brokered the sale of Storage World in Jonesboro, Georgia. Broker Dale C. Eisenman represented the seller in the transaction with a national REIT as the buyer.

 

Five Properties Go To Andover

 

Andover Properties, LLC, doing business as Storage King USA, acquired a five-property portfolio located in the Dallas-Fort Worth, Texas, metro area in an off-market transaction. The five properties are all single-story facilities built between 2004 and 2017. Andover now has nine facilities in this market and nineteen in the state.

 

DealPoint Merrill To Convert Mall

 

Los Angeles-based DealPoint Merrill has closed on a deal to buy the 11-acre Centennial Plaza in Meriden, Connecticut, according to MyRecordJournal.com. Most of the property will be converted to self storage. DealPoint Merrill bought the nearly vacant shopping center from Centennial Mall LTD.

 

Marcus & Millichap Trades Arizona Storage

 

The LeClaire-Schlosser Group of Marcus & Millichap brokered the sale of All Star Self Storage in Phoenix, Arizona. Keith Phillips, Adam Schlosser and Michael Sanders represented the seller.

 

 

 

 

 

 

 

| Categories: | Tags: Compass Self Storage, Life Storage, Devon Self Storage, Tiger Drive Storage, Yardi, Storage World, DealPoint Merrill, All Star Self Storage, Marcus & Millichap | View Count: (125) | Return

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