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Transactions and Deals: August 30, 2018

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Transactions and Deals: August 30, 2018

Boardwalk Begins Construction in Woodstock, GA

Boardwalk Development Group, LLC, has begun construction on a 4-story, climate-controlled self storage facility at 185 Woodstock Parkway in Woodstock, Georgia.

The facility will be 100,000 square feet and is located near Historic Downtown Woodstock, which features artisan shops, eclectic bars and restaurants and mixed-use developments, as well as multifamily and townhome developments.

Boardwalk Development Group is a private equity investment company focused on self storage. It is headquartered in Johns Creek, Georgia.

Storage Nation Sells near Nashville

Storage Nation of Smyrna, a ground-up storage development located approximately 17 miles southeast of downtown Nashville, has sold. The asset has 572 units and 84,060 net rentable square feet.

Charles "Chico" LeClaire, executive managing director investments, and Adam Schlosser, first vice president investments, in Marcus & Millichap’s Denver office, had the exclusive listing to market the property on behalf of the seller, a private LLC. The buyer, also secured by the LeClaire Group, is a national owner-operator based in central Florida. 

So far this year, the LeClaire Group has closed 37 self storage properties.

Nuvo Ready to Begin Palm Beach Gardens Center

Nuvo Development Partners, LLC, has received final building permits to begin construction of a three-story climate-controlled storage facility in Palm Beach Gardens, Florida. The project is at Interstate 95 and Burns Road.

The process of gaining approval of the land use took the Nuvo team almost three years. Extra Space Storage will manage the facility upon completion.

The project is scheduled to open in November 2019.

Nuvo Development Partners is a real estate development firm founded in 2014 in Winter Park, Florida, with a focus on self storage development.

Jenkins Opens Center in McKinney, TX

The Jenkins Organization, Inc. has opened the Storage Center at Craig Ranch in McKinney, Texas. It’s the organization’s second self storage development to open this year in the greater Dallas area.

The Storage Center at Craig Ranch is approximately 95,462 square feet of climate and non-climate-controlled units.

The Jenkins Organization is a Houston-based self storage owner, developer and management company operating 52 properties throughout Texas, Oklahoma, Missouri, Minnesota and Louisiana. The company is currently involved with seven new development projects, three new acquisition properties, and expansions of five existing facilities.

Bradley Self-Storage Sells in CT

Bradley Self-Storage, a 36,300-square foot self storage facility located in Windsor Locks, Connecticut, has sold for $1.95 million.

Located at 497 North Street, the property consists of 2.22 acres and three, single-story buildings. The facility includes 200 total units, totaling 36,300 rentable square feet. The facility was built in 2002.

Michael A. Mele, Robert Bloch and Noah E. Obuchowski, investment specialists in Marcus & Millichap’s Tampa and Washington, D.C. offices, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was secured and represented by Noah E. Obuchowski, Robert Bloch and Michael A. Mele, investment specialists in Marcus & Millichap’s Tampa and Washington, D.C. offices. 

MA Supermarket to Become U-Haul Self Storage

Phoenix-based U-Haul plans to convert a former Shaw’s supermarket in Taunton, Massachusetts, into self storage and install 500 to 700 units.

Amerco, the parent company of U-Haul, bought the property at 280 Winthrop Street, in July for $3.67 million from Global Plaza 44 LLC.

U-Haul has an active corporate sustainability initiative of buying existing buildings and converting them to storage rather than building new. A full 70 percent of U-Haul’s 1,800 stores are adaptive re-use facilities.

Janus Lands on Inc. 5000 List of Fast-Growing Companies

Janus International has been listed as #2749 on the annual Inc. 5000 list. To be eligible for this prestigious listing, companies must be privately held, for profit, independent and based in the United States. Janus is a global manufacturer and supplier of turn-key building solutions and technology for the self storage industry.

The company has experienced three-year revenue growth of 151 percent.

Headquartered in Temple, Georgia, Janus has been named to the Inc. Top 5,000 Fastest-Growing Companies five times since 2008. The Janus team operates several U.S. locations, three locations in Europe, and a joint venture in México.

Call Here Converts 55% of Calls

The Call Here Call Center from Store Here Self Storage broke the 55 percent conversion rate threshold in July. Call Here sales reps rented a unit to over 55 percent of telephone inquiries.

The center has consistently rented to over 50 percent of telephone inquiries for its clients that offer immediate telephone rentals. 

Call Here is a part of Store Here Self Storage Management and serves as a telephone sales support service for self storage operators across the USA. Clients include independent operators, regional brands, Store Here owned sites and Store Here managed sites. Call Here operates as a boutique virtual call center with at-home employees who work in three states handling sales and customer service calls. Store Here is a portfolio of over 20 owned and managed self storage properties across 15 states. It was founded in 2012 by industry veterans Ryan Rogers, James Hanrahan, and Chris Weber.

Suburban Raleigh, NC, Storage Opens

Clayton Self Storage Group has opened a new location named Gatehouse Self Storage in Clayton, North Carolina. The newly constructed facility at 12984 US 70 Hwy W, comprises 70,501 square feet of rentable storage space in 631 units.

The facility is located west of White Pine Drive across from Town Centre Blvd.

Absolute Storage Management will manage Gatehouse Self Storage.

| Categories: | Tags: Boardwalk Development Group, Storage Nation, LeClaire Group, Nuvo Development Partners, The Jenkins Organization, The Storage Center, U-Haul, Janus International, Call Here Call Center, Clayton Self Storage Group, Absolute Storage Management | View Count: (1808) | Return

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