Transactions and Deals: September 29, 2023
posted on 9/29/2023 11:35:00 AM
Sandy Creek Buys Texas Property
Sandy Creek Capital acquired Bin 741 Storage in Forney, Texas. Marcus & Millichap represented the Dallas-based private seller.
JV Developing in New Jersey
CrownPoint Group Inc. and Lamar Cos. have formed a joint venture to develop a storage facility in Newark, New Jersey’s Ironbound district. Extra Space Storage will operate the property.
Storage Ninjas Adds in Illinois
Storage Ninjas acquired Triple 7 Storage in Oglesby, Illinois. The property will be rebranded Bon Voyage Storage.
Prime Buys Four Assets
Prime Group Holdings acquired four self storage properties in the cities of Shirley and Nanuet, New York, Gastonia, North Carolina, and Temple Terrace, Florida.
Rhino Sells 19
Mini Mall Storage Properties acquired 19 properties from Rhino Storage Group. The locations are in Ohio and West Virginia.
Cooper Plans Arizona Facility
Cooper Companies Inc. is developing a storage facility in Flagstaff, Arizona. The facility is set to be complete in fall 2024.
Pennsylvania Factory Site Set for Storage
New Castle, Pennsylvania, city officials approved plans for a storage facility at the site of the vacant Lockley Manufacturing building. Asset Realty and Construction Group of Brooklyn, New York, is the developer.
GoodFriend Gets Loan
Talonvest Capital secured a $27.8 million bridge loan for GoodFriend Storage for a facility in Cutchogue, New York.
U-Haul Buys Texas Facility
U-Haul has purchased Round Rock Self Storage in Round Rock, Texas. The facility will be rebranded U-Haul Storage of Chisholm Valley.
City Line Opens New Office
City Line Capital has opened a second corporate office near Pittsburgh, Pennsylvania. City Line’s first office is in Bala Cynwyd, near Philadelphia. City Line Capital owns and manages 253 self storage properties in 29 states.
Go Store It Adds in Louisiana
Go Store It opened a facility in Baton Rouge, Louisiana. Go Store It is an affiliate of Madison Capital Group.
Basis Plans Detroit Storage
Basis Industrial closed on a $8.3 million construction loan for a self storage facility in Detroit, Michigan. Basis Industrial is a Boca Raton, Florida-based real estate owner. Public Storage will manage the facility upon completion.
Investors to Convert Wisconsin Property
An affiliate of Phoenix Investors will convert a property in Menasha, Wisconsin, to self storage. The building is a former call center. The property will be branded Store Here.
Shadowbrook Adding Florida Storage
Shadowbrook Development will develop a self storage facility in Cape Coral, Florida, according to Business Observer.
Menards Building Illinois Facility
Home improvement retailer Menards has approval from the city of Sycamore, Illinois, to build a self storage facility.
Tags: Bin 741 Storage
, CrownPoint Group
, Storage Ninjas
, Prime Group Holdings
, Mini Mall Storage
, Cooper Companies
, GoodFriend Storage
, Go Store It
, Basis Industrial
, Store Here
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