The global self-storage development pipeline continues to be extremely dynamic. Inside Self-Storage regularly covers new projects being planned and approved as well as zoning and other municipal issues. Following is activity taking place in January 2020.
10X Self Storage, which operates a facility in Acton, Mass., opened a second location in the state. The five-story facility at 215 Simarano Drive in Marlborough contains 520 units. It’ll be operated by O’Brien Commercial Properties LLC, a real estate management firm affiliated with O’Brien Commercial Properties Inc. The three-acre site was assessed by the city last year for $372,300, according to a source. 10X is also converting a 120-year-old brick building in Worcester, Mass., to self-storage. Expected to open in the spring, the three-story facility at 40 Pullman St. will contain 620 units. O’Brien purchased the building through a limited liability corporation in August for more than $1 million, and obtained a $5.4 million construction loan.
Real estate investment and development firm Aspen Equities LLC is converting a 350,000-square-foot structure in Philadelphia to self-storage. The project in the Northern Liberties neighborhood is expected to be complete this fall. The property will be managed by real estate investment trust and third-party management firm Extra Space Storage Inc. Based in Brooklyn, N.Y., Aspen specializes in mixed-use, multi-family and retail projects throughout the Northeast.
Real estate development firm Blumenfeld Development Group Ltd. (BDG) received approval last month from the North Hempstead Town Board to tear down a dilapidated building on contaminated property in Roslyn Heights, N.Y., and build a four-story, 98,000-square-foot self-storage facility in its place. The single-story structure at 71 Jane St., where industrial products were manufactured, was built in 1949 and last occupied in 2013. The property is considered a brownfield site, an abandoned property that may contain hazardous substances. It was accepted by the state’s Brownfield Cleanup Program in August. Based in Syosset, N.Y., BDG’s portfolio includes entertainment-based retail, multi-tenant office, medical office, industrial and multi-family residential.
Compass Self Storage, a member of the Amsdell family of companies, recently acquired and received permission to expand Shaler Self Storage in Allison Park, Pa. The board of commissioners approved the addition of three buildings at 422 Elfinwild Road, including an 18,500-square-foot, climate-controlled building and two 5,000-square-foot, drive-up storage structures. The facility currently comprises a single-story, 25,000-square-foot building. Compass operates 89 facilities in 14 states.
Equity Storage will build a mixed-use development in Rogers, Ark., that’ll include self-storage and a business/conference center. The two-story, 73,000-square-foot project will be built on 5.7 acres at 3909 W. Ajax Ave. and comprise 200 units. It’ll include drive-in interior access for loading and unloading. The adjoining J. Conrad Business Center will comprise 16,000 square feet. Property owner Wil-Shar Steel acquired the land last year for $1.35 million. This will be Equity’s first self-storage location.
Property owner Timothy James intends to build a self-storage facility on a former horse farm in Lake County, Ill., near Wauconda. The Store More business would be developed on the southern portion of the 23-acre site at 25250 W. Old Rand Road. The zoning board of appeals recently voted to recommend the project, which would require a conditional-use permit for the business and rezoning of the property from residential to general commercial. James recently told zoning officials he’ll leave more than 60 percent of the land as open space. Site restoration would include removing invasive plant species and dead trees and replacing them with new foliage. The site also includes a vacant house and other buildings in disrepair. The county board will make a decision on the project after a review by the public works, planning and transportation committee.
Lock Stock Self-Storage, which operates 18 container-based self-storage facilities in Wales, opened a new facility this month in Caernarfon, Wales. The 1.1-acre site at the Cibyn Industrial Estate contains 150 containers. Lock Stock is family-operated and owns 3,000 storage containers. Based in Denbigh, its properties are spread throughout 12 North Wales cities.
U.K. self-storage operator Lok’nStore Group PLC will partner with discount grocer Lidl on a mixed-use project in Cheshunt, England. The development, which will include self-storage and a supermarket, is expected to be complete next year. It’s the second project between the two companies, which opened a similar mixed-use site in Maidenhead, England, in 2013. Lok’nStore also recently secured development sites in Chester and Oldbury, England. The operator has 15 sites in its project pipeline. Founded in 1995, it operates 34 self-storage facilities in Southern England.
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Mitchell Storage LLC is converting the former Palace Mall in Mitchell, S.D., to a mixed-use project that’ll include traditional self-storage, vehicle storage and retail. An estimated 500 storage units will be added to the 151,044-square-foot building at 1801 N. Main St. Tenants currently renting spaces in the mall will have the option to remain or relocate elsewhere in the property, according to architect Larry Jirsa. Unoccupied stores will be renovated and marketed to new tenants. Mitchell Storage is owned by Mark Bigelow, Steven Bigelow and Roman Daniels-Brown.
Montgomery Self Storage completed an expansion of its property at 1418 FM 2854 Road in Conroe, Texas. The project added 42,000 net rentable square feet, including a three-story climate-controlled structure and three single-story buildings. The expansion coincided with a state project that widened the road from two to four lanes. Montgomery operates two facilities in Conroe and four total in Texas.
Safstor Real Estate intends to build a three-story self-storage facility in Middletown, Pa. The Woodbourne Road project would replace an office building, which has been vacant for several years. The new structure would comprise 102,000 square feet. The project has already received variances from the zoning hearing board and recommended approval from the planning commission. Town supervisors are expected to consider the plan on Jan. 21.
Secure Storage LLC is converting the former Columbia County Health and Human Services building in Portage, Wis., to a mixed-use property that’ll include climate-controlled self-storage, outdoor vehicle storage and leased office space. The company purchased the building at 2652 Murphy Road from the county in December for $250,000. Based in Baraboo, Wis., it operates eight facilities in the state, with one under development.
Shurgard Self Storage Europe SARL, the European affiliate of U.S.-based real estate investment trust Public Storage Inc., intends to build a new facility in London. The project will comprise 85,000 square feet in about 1,500 units and is expected to be complete by mid-2021. The company recently signed a purchase agreement to acquire the land. Shurgard operates 238 self-storage facilities comprising 1.2 million net rentable square meters in Belgium, Denmark, France, Germany, The Netherlands, Sweden and the United Kingdom.
The Joplin, Mo., City Council voted 7-1 against a rezoning request from Joel Standeford that would have allowed a self-storage development. Standeford proposed to build a 100-unit facility near the intersection of 19th Street and Michigan Avenue on the site where a church was destroyed by a 2011 tornado. The project would have required zoning on the lot to change from residential to light commercial. It was strongly opposed by residents. Though only one person spoke in opposition during the council meeting, neighbors submitted a petition against the application and seven residents wrote letters arguing against the proposal.
Storage Authority LLC opened a new franchisee-owned facility at 550 Monmouth Road in Millstone, N.J. The facility will comprise 83,375 square feet once all phases are complete. The company now operates five facilities in Connecticut, Florida, New Jersey and Texas. It has a sixth location under construction in Land O’Lakes, Fla., which is expected to open this summer. Storage Authority plans to award a new franchise each month this year, according to a press release.
An unnamed developer is seeking approval to convert a former Kroger grocery store in Macon, Ga., to self-storage. Plans for the 84,000-square-foot space on Pio Nono Avenue were submitted to the Macon-Bibb County Planning & Zoning board on Dec. 12. If approved, the facility will contain 569 climate-controlled units.
13WMAZ, 569-Unit Storage Center Could Take Over Former Pio Nono Kroger Location
Boston Real Estate Times, 10X Self Storage Opens Climate-Controlled Facility
Bucks County Courier Times, Self-Storage Proposed for Dormant Site on Woodbourne Road in Middletown
Community Impact Newspaper, Montgomery Self Storage Expands Services in Conroe
Daily Herald, Entrepreneur Proposes Self-Storage Facility Near Wauconda
Insider Media Limited, Lok’nStore Strikes Lidl Deal and Bolsters Pipeline
Newsday, New Use Proposed for Contaminated Site in Roslyn Heights
Portage Daily Register, Secure Storage LLC Opening Self Storage Units, Leasing Office Space in Portage
Shaler Journal, National Company Acquires Shaler Self Storage
TB&P, Real Deals: LA Investor Spends $8.3 Million on Springdale Building
The Daily Republic, Palace Mall Transformation to Self-Storage Units to Begin Soon
The Free Press, Denbigh Container Storage Firm Expands Amid Boom in Demand
The Joplin Globe, Zoning Request for Mini-Storage Business Denied by Joplin City Council
The Island Now, Site Plan Approved for Brownfield to House Self-Storage
WBJ Journal, Marlborough 520-Unit Self-Storage Facility Opens
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