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Transactions and Deals: November 20, 2023

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Transactions and Deals: November 20, 2023

KO Opens Minnesota Conversion


KO Storage has opened in Red Wing, Minnesota. KO Storage acquired a vacant building formerly occupied by Econo Foods in 2022 and completed renovations.





Marcus & Millichap Manages Sales


Marcus & Millichap brokered the following sales:

KCI RV Storage & Development in Smithville, Missouri. Robert Cook and Sean Delaney marketed the property on behalf of an LLC and secured the buyer, also an LLC.

StorQuest (managed) in Aurora, Colorado. Adam Schlosser and Charles “Chico” LeClaire marketed the property on behalf of a local private equity group. The buyer was new to the storage market.


Larkspur Sells Two Assets


Larkspur Storage sold two development projects in Belleville, Illinois, and Opelika, Alabama. Miami-based Larkspur is a portfolio company of Staple Street Capital.


Safeguard Expands Parking


Safeguard Self Storage completed the parking expansion of a location in Seffner, Florida. The project added 53 new parking spaces.


SurePoint Planning Texas Development


SurePoint Development is under contract to purchase a storage development in Fulshear, Texas. The facility should be complete by April 2024.


Compass Opens 26th Florida Site


Compass Self Storage opened a new facility in Wildwood, Florida. It’s Compass’s 26th location in Florida.


InSite Adds in Seattle


InSite Property Group paid $30 million to acquire a storage facility in Seattle, Washington. The property has been rebranded to SecureSpace.  


Basis Lands Construction Loan


Basis Industrial closed an $11 million construction loan for a storage facility in Melbourne, Florida. Construction will be complete in fall 2024. Extra Space Storage will manage the property.


Anderson Joins Lindsey Group


Nick Anderson has joined Lindsey Self Storage Group as a broker.







| Categories: | Tags: KO Storage, Marcus & Millichap, Larkspur Storage, Safeguard Self Storage, SurePoint Development, Compass Self Storage, InSite Property Group, Basis Industrial, Lindsey Self Storage Group | View Count: (352) | Return

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