property type: Self Storage

Chicago Tribune OB Cos. has paid $59 million, about $160/sf, for a portfolio of self-storage facilities in the Chicago metropolitan area. The Orlando, Fla., firm purchased the four-building portfolio from an undisclosed seller. MJ Partners Real Estate Services brokered the ...

Nashville Business Journal Two storage-unit facilities, with a combined 924 units, were sold for $9.7 million in deals brokered by CB Richard Ellis. Brentwood Self Storage, with 271 units in Brentwood, Tenn., has been purchased by an affiliate of Fitzpatrick ...

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 ...