DXD Opens Townhome-Designed Storage

 

DXD Capital completed a new facility in Bristol, Rhode Island, that is designed to look more like townhomes than traditional self storage. Extra Space Storage provides management.

 

 

 

 

 

Merit Hill Buys in California

 

Merit Hill Capital purchased Bear Valley RV Park and Self Storage in Hesperia, California.

 

Marcus & Millichap Close Texas Sales

 

Marcus & Millichap brokered the following sales:

•    Eason Storage in Canton, Texas, to a Texas-based storage group.
•    Stallion Storage in New Caney, Texas, to a Michigan-based LLC.

 

U-Haul to Reuse Historic Ohio Bakery

 

U-Haul Storage of Youngstown, Ohio, has purchased a 101-year-old historic Ward Bakery building and plans an adaptive reuse. The work will preserve the building’s exterior and maintain the original character.

 

10 Federal Buys Four Georgia Properties

 

10 Federal Storage acquired four new properties in Carrollton, Georgia.

 

Inland Names Marconi CIO

 

The Inland Real Estate Group appointed Jovan Marconi to chief information officer. Inland owns a majority interest in Devon Self Storage.

 

Group Secures Loan for Florida Developments

 

Storage Units Capital has secured a $75 million construction loan for five new locations in Florida.

 

Developer Plans Massachusetts Storage

 

Eastern Union arranged a $13.3 million construction loan for a storage facility in Worcester, Massachusetts. CubeSmart will manage the facility.

 

Direct Equity, AAA Storage form Partnership

 

Direct Equity Source has partnered with AAA Storage to be the largest investor in AAA Storage’s growth fund with plans to add more than six facilities in Texas, Florida and North Carolina.

 

Go Store It Buys in Tennessee

 

Go Store It Self Storage, an affiliate of Madison Capital Group, acquired a facility in Oak Ridge, Tennessee, its 97th location.

 

Shearer Joins Boardwalk

 

Scott Shearer has joined Boardwalk Development Group as director of acquisitions.

 

IREG Hires Gonzalez

 

Anthony Gonzalez has joined The Investment Real Estate Group as a revenue analyst. IREG owns and operates Moove In Self Storage.