Transactions and Deals: July 9, 2023

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Transactions and Deals: July 9, 2023

Laura Williams-Tracy posted on 7/9/2023 6:42:00 PM

CBRE Handles Florida Deals

CBRE brokered the following sales:

• Riverside Self Storage in Vero Beach, Florida, to Dahn Corporation for $9.5 million.
• Windermere Storage in Orlando, Florida, for $23.1 million to Wentworth Properties. CBRE represented the local seller, Schrimsher Properties.

truStorage Manages Idaho Asset

truStorage, StorageMart’s third party management platform, will manage a facility in Caldwell, Idaho.

Marcus & Millichap Brokers Texas Trade

Marcus & Millichap brokered the sale of Valor Storage in West Tawakoni, Texas. Danny Cunningham and Brandon Karr represented the seller, a Dallas-based private investor, and secured the Austin-based buyer.

Hinze Buys Texas Property

Hinze Capital acquired Spicewood Super Storage in Spicewood, Texas. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Houston-based seller and secured Hinze as the buyer.

Absolute to Manage Colorado Storage

Absolute Storage Management will manage MyPlace Self Storage in Brighton, Colorado. Absolute is one of the largest private, third-party management companies in the U.S.

Metro Opening New Jersey Store

Metro Storage opened a facility in Wall Township, New Jersey. The property is part of an 85-facility portfolio owned by Chicago-based Metro.

SmartStop Continues Canadian Growth

SmartStop Self Storage acquired a facility in Hamilton, Ontario. In the past year, SmartStop added 14 facilities across Canada.

Merit Hill Buys Tacoma Property

Merit Hill Capital acquired Hosmer Self Storage in Tacoma, Washington for $7.12 million. The seller was Hosmer Self Storage LLC. Colliers team of Jacob Becher, Nate Fliflet, Dana Chobor and Tom de Jong represented the seller.

Lindsey Brokers Alabama Deal

Lindsey Self Storage Group brokered the sale of Reform Storage in Reform, Alabama, to a private buyer. Matt Rosendale managed the transaction.

Retailer Growing Storage Platform

Midwest home improvement retailer Menards received approval to convert a former store in Sheboygan, Wisconsin, to self storage. Menards already operates storage facilities in Milwaukee, Baraboo and Eau Claire.

| Categories: | Tags: CBRE, StorageMart, Marcus & Millichap, Hinze Capital, Absolute Storage Management, Metro Storage, SmartStop Self Storage, Hosmer Self Storage, Lindsey Self Storage Group, Menards, Merit Hill Capital | View Count: (759) | Return

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About the Author

I am a regular contributor to The Charlotte Business Journal, covering a wide variety of industry news for the weekly publication. The Business Journal was my first client when I began freelancing 10 years ago, and I continue to write for the Journal’s weekly reports and special publications.

I contribute to SSA Magazine, a trade association magazine, and Profile magazine. Over my career I have written for Business North Carolina magazine; North Carolina magazine (a publication of the North Carolina Chamber); USAirways magazine and other publications produced by Pace Communications; Health Living magazine; and The Philanthropy Journal.

For corporate and nonprofit clients I provide copywriting services for marketing materials, video scripts and press releases and deliver media relations services. I also manage ongoing communications through organizational newsletters.

laura@lwtcommunications.bz

Transactions and Deals: July 9, 2023

CBRE Handles Florida Deals

CBRE brokered the following sales:

• Riverside Self Storage in Vero Beach, Florida, to Dahn Corporation for $9.5 million.
• Windermere Storage in Orlando, Florida, for $23.1 million to Wentworth Properties. CBRE represented the local seller, Schrimsher Properties.

truStorage Manages Idaho Asset

truStorage, StorageMart’s third party management platform, will manage a facility in Caldwell, Idaho.

Marcus & Millichap Brokers Texas Trade

Marcus & Millichap brokered the sale of Valor Storage in West Tawakoni, Texas. Danny Cunningham and Brandon Karr represented the seller, a Dallas-based private investor, and secured the Austin-based buyer.

Hinze Buys Texas Property

Hinze Capital acquired Spicewood Super Storage in Spicewood, Texas. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the Houston-based seller and secured Hinze as the buyer.

Absolute to Manage Colorado Storage

Absolute Storage Management will manage MyPlace Self Storage in Brighton, Colorado. Absolute is one of the largest private, third-party management companies in the U.S.

Metro Opening New Jersey Store

Metro Storage opened a facility in Wall Township, New Jersey. The property is part of an 85-facility portfolio owned by Chicago-based Metro.

SmartStop Continues Canadian Growth

SmartStop Self Storage acquired a facility in Hamilton, Ontario. In the past year, SmartStop added 14 facilities across Canada.

Merit Hill Buys Tacoma Property

Merit Hill Capital acquired Hosmer Self Storage in Tacoma, Washington for $7.12 million. The seller was Hosmer Self Storage LLC. Colliers team of Jacob Becher, Nate Fliflet, Dana Chobor and Tom de Jong represented the seller.

Lindsey Brokers Alabama Deal

Lindsey Self Storage Group brokered the sale of Reform Storage in Reform, Alabama, to a private buyer. Matt Rosendale managed the transaction.

Retailer Growing Storage Platform

Midwest home improvement retailer Menards received approval to convert a former store in Sheboygan, Wisconsin, to self storage. Menards already operates storage facilities in Milwaukee, Baraboo and Eau Claire.

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