Transactions and Deals: December 7, 2023
posted on 12/7/2023 11:32:00 AM
VanWest Plans Denver Project
VanWest is planning a storage facility in Denver, Colorado. The project will be branded ClearHome Self Storage.
Compass Opens in Georgia
Compass Self Storage opened a new facility in Acworth, Georgia. It’s The Amsdell Companies’ 18th location in the state.
Sentry Adds in Florida
Sentry Self Storage opened a new facility in Boca Raton, Florida.
Midgard Expands Use of StoreEase Technology
Midgard Self Storage has expanded StoreEase’s Virtual Technology solution after a short pilot period that began in October. The expansion uses a hybrid approach with Midgard’s Virtual Managers platform to answer phones and greet customers at the property level. Virtual managers are supported by physical managers onsite. Midgard is owned and operated by Reliant Real Estate Management.
Janus Begins Manufacturing in Poland
Janus International Group has opened a new manufacturing facility in Wroclaw, Poland. The facility will serve as a European hub for the manufacturing and distribution of self storage door and partition systems, portable units and access control solutions.
Midcoast Brokers South Carolina Transaction
Midcoast Properties brokered the sale of Capstone Self Storage in Sumter, South Carolina, to an out-of-state buyer. Michael Morrison represented the seller.
StorageMart Buys in Idaho
StorageMart acquired Hanley Storage in Coeur d’Alene, Idaho.
JV Plans Texas Opportunity Zone Deal
NitNeil Partners and Seamless Capital are developing a storage facility inside an Opportunity Zone in East Austin, Texas.
IREGC Promotes Kilko
Investment Real Estate Group of Companies promoted Tom Kilko Jr. to director of development and construction. Kilko is a professional engineer who joined EREGC earlier this year as development and construction manager.
JV Sells Asset to Prime Storage
Lockhart Management Group and Top Hat Commercial Real Estate sold a facility in Loxahatchee Groves, Florida, to Prime Storage. The property received its certificate of occupancy in October.
Marcus & Millichap Sells Texas Storage
Marcus & Millichap brokered the sale of Apache Self Storage in Gonzales, Texas. Jon Danklefs represented the seller and secured the buyer, an LLC.
SkyView Manages Kentucky Deal
SkyView Advisors brokered the sale of Stonestreet Road Storage in Louisville, Kentucky. Aaron Sanchez managed the transaction.
Versal Handles Texas Transaction
Versal brokered the sale of Paradise Self Storage in Rockport, Texas. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne represented Elkhorn River Investments, LLC, an Iowa-based seller. The team secured the buyer, Preis Investments, Inc.
Gelt Sells SoCal Asset
Gelt Ventures sold South Pasadena Storage in South Pasadena, California, to an institutional buyer. The sale marks Gelt’s fist disposition in the storage sector.
Joule Opens Pro-Storage in Texas
Joule Capital Ventures opened a facility in Jacksonville, Texas, called Pro-Storage of Jacksonville, according to Biznow. The facility was previously a distribution center.
Tags: ClearHome Self Storage
, Compass Self Storage
, Sentry Self Storage
, Midgard Self Storage
, Janus International Group
, Midcoast Properties
, NitNeil Partners
, Investment Real Estate Group of Companies
, Prime Storage
, Joule Capital Ventures
, Gelt Ventures
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