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01

Transactions and Deals: October 1, 2021

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Transactions and Deals: October 1, 2021

IRE Sells Pennsylvania Portfolio

 

Investment Real Estate, LLC brokered the sale of the Peckville and Olyphant Self Storage 2 property portfolio in Pennsylvania to a private buyer. The Peckville property is located in Blakely County, and the Olyphant property located in Lackawanna County. Matt Rosendale and Rick Hansberry brokered the deal.

 

 

 

StorageMart Acquires Nine in Milwaukee

 

StorageMart has acquired nine self storage properties in the Milwaukee metro area.

The new locations were acquired from former owners, Storage Masters. StorageMart now has over 250 locations.

 

SpareBox Grows with Self Storage Manager

 

SpareBox Storage implemented Self Storage Manager management software in the fourth quarter of 2020 and has grown its portfolio to over 90 properties. Denver-based SpareBox Storage worked with Self Storage Manager to develop an in-house kiosk and web-based contactless applications as well as advanced business intelligence and analytics.

 

CubeSmart Among Philly’s Fastest

 

CubeSmart was named to Philadelphia Business Journal’s “Soaring 76 List” of the fastest-growing companies in the greater Philadelphia region. The list recognizes companies who have sustained strong financial performance over a three-year period.

 

Marcus & Millichap Brokers Michigan Sale

 

Marcus & Millichap brokered the sale of 145 Storage in Jackson, Michigan, for $2.9 million. Tom Berlin had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was secured and represented by Sean Delaney and Robert Cook.

 

SkyView Arranges Florida, Oklahoma Sales

 

SkyView Advisors brokered the following sales:

Gibsonton Storage in the Tampa, Florida MSA. Hunter Sells and Ryan Clark represented the seller.

TGIF Boat and RV OKC in the Oklahoma City, Oklahoma MSA. Scott Schoettlin and Clark represented the seller.

 

StorQuest Adds 10th New York Spot

 

StorQuest Self Storage has opened a new store in Ronkonkoma, New York. It’s the William Warren Group’s 10th store in the state.

 

NitNeil Plans Southern Portfolio

 

NitNeil Partners is building a portfolio of self storage properties in high-growth markets across the Sun Belt that includes projects in North Carolina, Texas, Tennessee, Alabama and Georgia. That includes two projects in operation and three under construction. The company also has five more projects that will commence construction in the coming months in Missouri, Texas and Alabama.

 

Midcoast Brokers Georgia Sale

 

Midcoast Properties, Inc. brokered the sale of Carrollton Self Storage  in Carrollton, Georgia. J. Kris Knowles of Midcoast represented the seller. The facility was sold to an out-of-state buyer.

 

Tulfra Plans Jersey Storage

 

Tulfra Real Estate has purchased a self storage site in Jersey City, minutes from downtown Manhattan and plans to break ground soon. Tulfra is a Rochelle Park, New Jersey-based real estate investment company.

 

Boardwalk Buys Three

 

Boardwalk Development Group has closed its first three acquisitions under Fund IV. The facilities are in Chattanooga, Tennessee, Dahlonega, Georgia, and Opelika, Alabama. Boardwalk Development Group was founded in 2016 by Raj Sheth.

 

Amy’s Adding in Texas

 

Amy's Attic Self Storage plans to open a new location in Temple, Texas. The facility will open in December.

 

Washington Town Halts Storage

 

The Anacortes, Washington, city council has placed a temporary moratorium on self storage facilities in commercial zones, according to GoAnacortes.com. A public hearing will be held on the topic.

 

 

 

 

 

 

| Categories: | Tags: Investment Real Estate, StorageMart, Self Storage Manager, Software, CubeSmart, 145 Storage, SkyView Advisors, StorQuest, NitNeil Partners, Carrollton Self Storage, Tulfra Real Estate, Boardwalk Development Group, Amy's Attic Self Storage, moratorium | View Count: (437) | Return

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