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01

Transactions and Deals: August 1, 2024

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Transactions and Deals: August 1, 2024

Absolute Adds Two Under Management

 

Absolute Storage Management will manage:


•    The newly opened Long Beach Self Storage in Southport, North Carolina.
•    All Season Storage in Mobile, Alabama.

 

 

StorageMart Launches Bridge Financing

 

StorageMart has begun a new bridge financing program designed for developers with Certificate of Occupancy, non-stabilized properties in lease-up and value-add deals. The program will provide flexible financing solutions.

 

Davison Brokers Pennsylvania Sale

 

Davison Associates brokered the sale of Southern End Self Storage in Quarryville, Pennsylvania.

 

Owens to Retire from MakoRabco

 

Buster Owens, president of Rabco Solutions and executive vice president of MakoRabco, will retire later this year. Owens played a key leadership role in the integration of Rabco Enterprises and Mako Steel in 2021.

 

CushWake Closes Two Sales

 

Cushman & Wakefield brokered the following sales:


•    A two-property portfolio in Louisville, Kentucky.
•    A facility in Grand Rapids, Michigan.

 

Storage Caves Plans South Carolina Project

 

Storage Caves will build luxury garage storage in Fort Mill, South Carolina. Storage Caves is the wholly owned brand of Over Under Storage Partners.

 

Sunbird to Manage North Carolina Facility

 

Sunbird Storage Management will manage a newly opened a facility in Greensboro, North Carolina. Sunbird has eight more facilities in development across North Carolina.

 

Meridian Brokers Arkansas Deal

 

Meridian Storage Group brokered the sale of Downtown Cabot Mini Storage in Cabot, Arkansas.

 

Storabble, Calcumate Strike Deal

 

European aggregator Storabble and Calcumate entered a partnership agreement that will make Storabble the first aggregator to integrate Calcumate, a size guide, into its feature set. Storabble will introduce Calcumate to over 1,350 locations on its website.

 

Lindsey Closes Southeastern Deals

 

Lindsey Self Storage Group brokered the following sales:


•    KO Storage of Chattanooga, Tennessee, to a private buyer.
•    Highway 515 Boat/RV Storage in Morganton, Georgia, to a private buyer.
•    Brearey Boat and RV Storage in Blairsville, Georgia, to a private buyer.

 

Hawthorne Joins Public Storage Board

 

Public Storage appointed Maria R. Hawthorne to its board of trustees. She previously served as president and CEO of PS Business Parks Inc. and then as a director until its sale in 2022.

 

Seattle Storage Slated for Redevelopment

 

Real estate development firm Greystar purchased the International Boulevard Self Storage facility near the SeaTac International Airport in SeaTac, Washington, for $10 million and plans to redevelop the site as an apartment complex.

 

 

 

 

 

 

| Categories: | Tags: Absolute Storage Management, StorageMart, Davison Associates, MakoRabco, Cushman & Wakefield, Storage Caves, Sunbird Storage Management, Meridian Storage Group, Calcumate, Lindsey Self Storage Group, Public Storage, International Boulevard Self Storage | View Count: (273) | Return

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