property type: Self Storage
Office Conversion Planned for Cold-Storage Property in Louisville, Ky.
Louisville Business First Local company Beargrass Development is planning to convert the vacant Merchant's Ice Tower, a 190,000-square-foot cold-storage facility in Louisville, Ky., into office space. The property, at 801 Logan St., was built in 1895. Redevelopment plans include ground-floor ...
Self-Storage Property Near Las Vegas Sold for $19.5Mln
Multi-Housing News Morningstar Properties has paid $19.5 million, or $15,439/unit, for HPI Henderson Storage, a 1,263-unit self-storage property in Henderson, Nev. The Matthews, N.C., company purchased the property from HPI Real Estate in a deal brokered by Versal. First Citizens ...
Newmark Arranges $300Mln JV to Buy Self-Storage Assets in the Northeast
Maya Capital Partners has formed a joint venture with investment manager Artemis Real Estate Partners that will pursue self-storage properties in the northeastern United States. The $300 million venture was arranged by Newmark and has been seeded with a 1,120-unit ...
Arcland Property Pays $18.6Mln for Va. Self-Storage Facility
Multihousing News Arcland Property Co. has paid $18.6 million, or $19,724/unit, for the 943-unit self-storage facility at 1163 Garrisonville Road in Stafford, Va., about 40 miles south of Washington, D.C. The Washington company, which invests in storage properties in the ...
OceanFirst, Nuveen Provide $72.6Mln of Financing for Phila. Cold-Storage Facility
Philadelphia Business Journal OceanFirst Bank has provided $42.5 million of financing, while Nuveen Green Capital provided $30.1 million of commercial property assessed clean energy, or C-PACE, financing for the construction of a 172,000-square-foot cold-storage facility at 2201 East Allegheny Ave. ...
2 Self-Storage Properties in Suburban Washington, D.C., Sell for $112.8Mln
Multi-Housing News Arcland Property Co. has paid $112.8 million, or $36,387/unit, for two self-storage facilities with a total of 3,100 units in Kensington, Md., and Alexandria, Va. The two properties are at 3700 Plyers Mill Hill Road in Kensington and ...
New York-Based Venture Lines Up $360Mln Loan for Self-Storage Portfolio
A partnership of Andover Properties and Angelo, Gordon & Co. has lined up $360 million of financing against a portfolio of 50 self-storage properties with 3.5 million square feet throughout the country. Newmark arranged the financing through Goldman Sachs. Additional ...
Voya Lends $156Mln Against Portfolio of 27 U-Haul Properties
Commercial Real Estate Direct Staff Report Voya Investment has provided $156 million of financing against a portfolio of 27 U-Haul self-storage properties with a combined 1.3 million square feet and 12,699 units. The loan allows the owner of the properties, ...
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