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05

Transactions and Deals: January 5, 2023

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Transactions and Deals: January 5, 2023

StorageBlue Refis New Jersey Assets

 

StorageBlue has refinanced a five-asset New Jersey portfolio. Union Labor Life Insurance Company provided the loan. The properties are in Jersey City, Hoboken, Union City, Newark and Garfield. Cooper Horowitz arranged the transaction. StorageBlue owner Alan Mruvka is an entrepreneur who founded E! Entertainment television.

 

Versal Brokers Texas Sales

 

Versal brokered the following sales:


•    Big League Storage in Magnolia, Texas. Bill Bellomy, Michael Johnson, Logan Foster, and Hugh Horne represented Big League Enterprises, LLC a Spring, Texas-based seller. The team also procured the Raleigh, North Carolina-based buyer, 10F Pursuit, LLC.


•    FM 812 Storage in Del Valle, Texas. Bellomy, Johnson, Foster, and Horne of Versal procured the Austin, Texas-based buyer, ATX FM 812 Storage, LP, a family partnership.

 

Bilby Joins Devon

 

Devon Self Storage hired Mike Bilby as senior vice president – chief financial officer. Bilby was previously with global enterprises Unisys and KLA-Tencor and more recently CFO roles at SAGE Veterinary Centers and Wiley X. He earned a BS in Business from the University of Phoenix and an MBA from Indiana University.

 

Storage Authority Grants Franchise

 

Storage Authority Franchise awarded its 12th franchise of 2022 to an owner in Boca Raton, Florida. Sarasota-based Storage Authority is the only self storage franchise with 38 franchises.

 

West Coast Opens in Portland


 
West Coast Self-Storage opened a facility in Portland, Oregon, named West Coast Self-Storage Halsey. The facility was built by Eric Gambee Construction. West Coast has 110 managed and owned locations in five states.

 

Developer Plans Kentucky Storage

 

Hilltoppers LLC of Cold Spring, Kentucky, has received approval from the Cold Spring planning board for a self storage facility.

 

Five Star Adds in Minnesota

 

Five Star Storage purchased Safeway Storage in Rochester, Minnesota, from Partner Storage LLC. Five Star has more than 30 facilities in Minnesota and the Dakotas.

 

Midgard Opens Southeast Locations

 

Midgard Self Storage opened four locations in Okahumpka and Lutz, Florida, and in Gainesville and Augusta, Georgia. The Gainesville location is the company’s first contactless facility.

 

South Carolina Property Trades

 

Tridas Properties sold a CubeSmart-branded asset in Moncks Corner, South Carolina to a Philadelphia-based, privately held self storage investment company, for $11 million.

 

SmartStop Grows Canadian Portfolio

 

SmartStop Self Storage REIT, Inc., purchased a storage asset in the Town of Aurora in the greater Toronto, Canada, area. The property is the 22nd for SmartStop in Canada.

 

Devon Opens Pennsylvania Conversion

 

Devon Self Storage opened in a converted Kmart building in Allentown, Pennsylvania. Devon plans an expansion.

 

AAA Buys in North Carolina

 

A group affiliated with AAA Self Storage has purchased a storage asset in Greensboro, North Carolina. The seller is Battleground Storage LLC, also of Greensboro.

 

 

 

 

 

 

| Categories: | Tags: StorageBlue, Devon Self Storage, Versal, Storage Authority, West Coast Self-Storage, Hilltoppers LLC, Five Star Storage, Midgard Self Storage, Tridas Properties, Canada, SmartStop Self Storage, AAA Self Storage | View Count: (531) | Return

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