Transactions and Deals: January 28, 2024
posted on 1/28/2024 2:27:00 PM
Storage to Include Beach Parking
Progress Capital secured a $19.7 million construction loan for a new self storage facility in Rockaway Beach, New York. Developer Asset Realty & Construction Group will partner with Snapbox Self Storage. The facility will include 88 underground parking spaces to serve summer beachgoers.
Merit Hill Buys Near Seattle
Merit Hill Capital acquired a storage property for $10.6 million in Federal Way, Washington, from The William Warren Group.
Personal Mini Co-Founder Remembered
Ron Shader, co-founder of Orlando, Florida-based Personal Mini Storage passed away December 30th at the age of 91. Shader dedicated 40 years to the company after founding it with his late brother, Stan, in 1982. “Uncle Ron was more than an uncle and a boss to me; he was a role model whose kindness and humility touched every aspect of our business,” said Laurie Shader Smith, vice president of Personal Mini Storage.
Marcus & Millichap Active in Oklahoma
Marcus & Millichap brokered the sale of DRD Mini Storage portfolio in Kingfisher, Oklahoma. The seller was a Nevada LLC, and the buyer was a Delaware LLC.
SkyView Sells Alabama Asset
SkyView Advisors brokered the sale of Alabama Self Storage portfolio in Jacksonville, Alabama.
Big Tex Up for Award
Big Tex Storage – Uptown in Houston, Texas, has been nominated for the Excellence in Construction Award by the American Subcontractors Association. The project is among the top 5 in consideration for the Project of the Year.
DXD Buys In Colorado
DXD Capital acquired the Hill and Homes Self Storage portfolio in Grand Junction, Colorado. A private owner sold the asset for $13.4 million.
SecureSpace Opens Philly Site
SecureSpace Self Storage opened SecureSpace Philadelphia Grays Ferry in Philadelphia, Pennsylvania.
Stevens Named Storage Tech CEO
SpareBox Technologies named Jackson Stevens as CEO. Stevens was previously director of operations at SpareBox Storage. SpareBox Technologies is a company offering remote and field management tools to the storage industry.
Etude Plans Storage Investment
Etude Capital and San Felipe Financing LLC. launched Etude Storage Partners, a JV that will invest in storage across North America. San Felipe made a $250 million equity investment and aims to deploy at least $500 million.
StorageMart Buys in Iowa
StorageMart acquired the former Peoples Mini Storage in Davenport, Iowa. The facility will undergo an update.
Argus Brokers Oklahoma Sale
Argus Self Storage Advisors brokered the sale of Dempewolf Mini Storage in Ponca City, Oklahoma. The property was sold by the original developer to a regional private buyer.
Facility Opens in Ocoee, Florida
Storage Units Capital opened a new facility in Ocoee, Florida.
Andover Adds in New Jersey
Andover Properties acquired a storage property in Norwood, New Jersey, from a private owner. The facility will be rebranded Storage King USA.
Public Storage Plans Minnesota Remake
Public Storage received approval to demolish drive-up units at a storage facility in Spring Lake Park, Minnesota, and build a new facility.
Absolute Managing in Mississippi
Absolute Storage Management will manage Oxford Self Storage in Oxford, Mississippi.
Versal Brokers Texas Sale
Versal brokered the sale of Stowaway Storage in Rockport, Texas. The seller was Texas-based Curren Cos. Inc.
Tags: Snapbox Self Storage
, Merit Hill Capital
, Marcus & Millichap
, SkyView Advisors
, Big Tex Storage
, Hill and Homes Self Storage
, SecureSpace Self Storage
, Etude Storage Partners
, Argus Self Storage Advisors
, Storage King USA
, Absolute Storage Management
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