Transactions and Deals: December 12, 2024

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Transactions and Deals: December 12, 2024

Laura Williams-Tracy posted on 12/12/2024 3:06:00 PM

Wisconsin Storage Trades

Marcus & Millichap brokered the sale of Interstate Secure Storage in Janesville, Wisconsin, for $2.3 million. The buyer was Hastings Property Group.

U-Haul Makes Giant Office Purchase

U-Haul International has purchased 20 East Thomas Road in Phoenix, Arizona, a 25-story building that is the third-largest office building in the state. Cushman & Wakefield advised on the sale for $23.7 million. The building will serve as an expansion of U-Haul’s corporate campus.

SAM Hires Schmitz as CFO

Storage Asset Management has named Tom Schmitz to the role of chief financial officer.

Inland, Devon Open Lubbock Conversion

Inland Private Capital Corp. and Devon Self Storage completed a storage facility in Lubbock, Texas, in a former AT&T processing center.

StorageMart Expands on 2 Continents

StorageMart opened facilities in:

• Brighton, England, in a restored former hosiery factory site.
• Columbia, Missouri, in a former Target Masters Storage.

Five Star Buys in Sioux Falls

Five Star Storage acquired a facility in Sioux Falls, South Dakota.

Nuveen Provides Storage Post Refi

Nuveen Real Estate provided a $115 million loan to refinance a portfolio of nine storage facilities in New York and New Jersey for Storage Post.

CBRE Brokers Florida Sale

CBRE brokered the sale of Village Storage in Fruitland Park, Florida, to Public Storage for $13 million. The seller was B&D Self Storage.

Franklin Street Sells Florida Asset

Franklin Street brokered the sale of Lake Wales CO Self-Storage in Lake Wales, Florida, on behalf of Coastal ICF Construction Services. Platinum Storage was the buyer.

NexPoint Reaches Equity Goal

NexPoint fully subscribed its NexPoint Storage V DST offering by reaching its goal of $46 million in equity raised since June.

McDermott Sells Storage Building Firm

McDermott International completed the sale of CB&I, a designer and builder of storage facilities, to a consortium of investors led by Mason Capital Management.

Ardian Buys French Operator

Global investment firm Ardian acquired Atout-Box, which operates seven storage facilities in the Occitanie region of France.

| Categories: | Tags: Marcus & Millichap, U-Haul International, Devon Self Storage, StorageMart, Five Star Storage, Storage Post, CBRE, Public Storage, Franklin Street, NexPoint, McDermott International, Ardian, Atout-Box | View Count: (323) | Return

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About the Author

I am a regular contributor to The Charlotte Business Journal, covering a wide variety of industry news for the weekly publication. The Business Journal was my first client when I began freelancing 10 years ago, and I continue to write for the Journal’s weekly reports and special publications.

I contribute to SSA Magazine, a trade association magazine, and Profile magazine. Over my career I have written for Business North Carolina magazine; North Carolina magazine (a publication of the North Carolina Chamber); USAirways magazine and other publications produced by Pace Communications; Health Living magazine; and The Philanthropy Journal.

For corporate and nonprofit clients I provide copywriting services for marketing materials, video scripts and press releases and deliver media relations services. I also manage ongoing communications through organizational newsletters.

laura@lwtcommunications.bz

Transactions and Deals: December 12, 2024

Wisconsin Storage Trades

Marcus & Millichap brokered the sale of Interstate Secure Storage in Janesville, Wisconsin, for $2.3 million. The buyer was Hastings Property Group.

U-Haul Makes Giant Office Purchase

U-Haul International has purchased 20 East Thomas Road in Phoenix, Arizona, a 25-story building that is the third-largest office building in the state. Cushman & Wakefield advised on the sale for $23.7 million. The building will serve as an expansion of U-Haul’s corporate campus.

SAM Hires Schmitz as CFO

Storage Asset Management has named Tom Schmitz to the role of chief financial officer.

Inland, Devon Open Lubbock Conversion

Inland Private Capital Corp. and Devon Self Storage completed a storage facility in Lubbock, Texas, in a former AT&T processing center.

StorageMart Expands on 2 Continents

StorageMart opened facilities in:

• Brighton, England, in a restored former hosiery factory site.
• Columbia, Missouri, in a former Target Masters Storage.

Five Star Buys in Sioux Falls

Five Star Storage acquired a facility in Sioux Falls, South Dakota.

Nuveen Provides Storage Post Refi

Nuveen Real Estate provided a $115 million loan to refinance a portfolio of nine storage facilities in New York and New Jersey for Storage Post.

CBRE Brokers Florida Sale

CBRE brokered the sale of Village Storage in Fruitland Park, Florida, to Public Storage for $13 million. The seller was B&D Self Storage.

Franklin Street Sells Florida Asset

Franklin Street brokered the sale of Lake Wales CO Self-Storage in Lake Wales, Florida, on behalf of Coastal ICF Construction Services. Platinum Storage was the buyer.

NexPoint Reaches Equity Goal

NexPoint fully subscribed its NexPoint Storage V DST offering by reaching its goal of $46 million in equity raised since June.

McDermott Sells Storage Building Firm

McDermott International completed the sale of CB&I, a designer and builder of storage facilities, to a consortium of investors led by Mason Capital Management.

Ardian Buys French Operator

Global investment firm Ardian acquired Atout-Box, which operates seven storage facilities in the Occitanie region of France.

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About the Author