Transactions and Deals: June 16, 2023
posted on 6/16/2023 9:39:00 AM
Lindsey Brokers Transactions
Lindsey Self Storage brokered the following sales:
• Hideaway Storage in Morganton, North Carolina. John Lindsey managed the transaction.
• 412 Keystone Storage in Cleveland, Oklahoma. Lindsey and Dezmon Fortenberry managed the transaction.
SROA Expands Bridge Financing
SROA Capital completed the first closing of its ninth flagship fund, SROA Capital Fund IX. Up to 15% of the fund will be focused on originating senior bridge loans, mezzanine loans and preferred equity investments to storage developers and operators.
JLL Sells Texas Property
JLL brokered the sale of Atlas Self Storage in Midland, Texas. Adam Roossien, Matthew Wheeler, Steve Mellon and Brian Somoza represented the local seller and procured the buyer, KO Storage.
SafeLease Reaches 1,000 Facilities
SafeLease, a provider of tenant protection for self storage, has been implemented in over 1,000 self storage facilities across the US. SafeLease is headquartered in Austin, Texas.
Store Space Adds in Georgia
Store Space Self Storage opened a new location in Loganville, Georgia.
Meridian Brokers Greensboro Deal
Meridian Storage Group brokered the sale of Pleasant Garden Road Self Storage in Greensboro, North Carolina.
Franklin Street Manages North Carolina Sale
Franklin Street brokered the sale of Hayes Water Storage in Morganton, North Carolina. David Perlleshi and Frank DeSalvo managed the transaction.
Robertson Joins EquiCap
EquiCap Commercial hired Paul Robertson as vice president of the company’s Self Storage Advisory Group. Robertson was previously with Marcus & Millichap.
U-Haul Buys Houston Facility
U-Haul has acquired Space City Self Storage in Houston, Texas. U-Haul plans to develop a U-Box storage warehouse at the property.
SecureSpace Adds in Philadelphia
SecureSpace Self Storage opened a facility in Langhorne, Pennsylvania.
Argus Brokers Iowa Storage
Argus Self Storage Advisors brokered the sale of Osceola Self Storage in Osceola, Iowa. Nathan Gottlieb, Alex Ihrke, Matt Haugen and Tom Flannigan marketed the property and secured the buyer.
Talonvest Directs Loan for Crescendo
Talonvest Capital arranged a $10.1 million bridge loan for Crescendo Properties for a storage facility located in Vancouver, Washington. Talonvest team members responsible for the assignment were David DiRienzo, Kim Bishop, Mason Brusseau and Lauren Maehler.
UK’s Big Yellow Opens Flagship Store
Big Yellow Self Storage in London opened a flagship store in Kings Cross. The facility is Big Yellow’s 109th store.
Tags: Lindsey Self Storage
, SROA Capital
, Store Space Self Storage
, Meridian Storage Group
, Franklin Street
, EquiCap Commercial
, SecureSpace Self Storage
, Argus Self Storage Advisors
, Big Yellow Self Storage
, Talonvest Capital
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