Austin Business Journal Equity Based Services Inc. of San Diego has bought a 100,000-square-foot storage building in Northwest Austin, Texas. The seller of the property, Hill County Climatized Storage, a 742-unit facility at 15616 Stewart Rd., was not identified. The ...
Philadelphia Business JournalSelf-storage facility operator OB Cos. acquired four storage properties in Philadelphia for $30.5 million from Philly Self Storage Inc. The properties have 2,995 rental units with a combined 231,996 square feet, which are 68 percent occupied. Sperry Van ...
Crain's Chicago BusinessDeveloper Joseph Freed & Associates will construct a 220,000-square-foot self-storage facility near the intersection of the Eisenhower and Kennedy expressways in Chicago. Freed has tapped Metro Storage LLC, a Lake Bluff, Ill., firm to operate and manage the ...
Bank of America has provided a $59 million financing package for a portfolio of six self-storage facilities with some 500,000 square feet.The lender provided senior debt, while its TriSail Capital Corp. unit provided mezzanine debt. The collateral - in Florida, ...
Passco Cos., a major player in the tenant-in-common investor market, is getting into the self-storage business. An affiliate of the Irvine, Calif., company has formed a venture with Perdew Self Storage of Sarasota, Fla., that will develop and manage self-storage ...
Morningstar Properties, an operator of self-storage properties in the Carolinas, has formed a venture that aims to acquire some $200 million of self-storage properties in the coming three years.The venture is being capitalized in part by Harrison Street Real Estate ...
Storage Express Holdings IV has lined up $12 million in financing for a portfolio of 3,292 self-storage units in central and southern Indiana. An undisclosed life insurance firm provided the financing, which has a 75 percent loan-to-value ratio and amortizes ...
Sovran Self Storage Inc. has paid $90 million for a portfolio of 20 self-storage properties in Texas, Florida, Louisiana and Missouri.Sovran, a Buffalo, N.Y., REIT, purchased the properties from Cornerstone Development Corp. of Dallas.The properties contain a total of 1.3 ...
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