Another potential owner has offered to buy the Roller Palace in Beverly, MA, and wishes to convert it into a self-storage facility. Eric Loiacano of Gloucester, with Sohier Road Self Storage LLC, has applied for a special permit and site plan review with Beverly. Loiacano would like to take the one-story, 56,147-square-foot building that’s home to the Roller Place, as well as Soccer Etc., an indoor soccer facility, and convert them into a two-story, 118,953-sf storage facility, plus add a second storage building with 12,000 sf. The plan includes 900 storage spaces plus office space.
Roller Palace owner Ken Breen said he and his family field several proposals a year to sell the property. He has said his family would sell for the right offer.
Source: The Salem News
Planned
Jupiter Self Storage LLC, which has ties with self-storage developer Pinnacle Storage, plans to build a three-story, 700-unit, 97,500-square-foot facility in Jupiter, FL. The company spent $3.5 million for a 1.6-acre site, and would tear down the vacant Ellison Graphics building at 1400 W. Indiantown Road, starting in June, to put up a new building. Completion is expected during summer 2019. Life Storage, based in Williamsville, NY, will manage the facility. Jupiter Self Storage took out an $8.85 million construction financing loan from First Southern National Bank. Source: The Real Deal
U-Haul Moving & Storage of Shawnee plans to build 677 self-storage units at 2323 N. Harrison St. in northern Shawnee, OK, following its purchase of a former Kmart store that had 84,000 square feet. The deal closed on April 26. Source: PR Newswire
In Oakdale, GA, the Cobb County Board of Commissioners approved a rezoning, from residential to neighborhood retail center, to allow a self-storage facility on the west side of Oakdale Road and the east side of South Cobb Drive. John Douglas Howser and Robert David Howser III were the applicants, and they dropped their request to include a retail component following initial feedback. Source: Cobb County Courier
The Burnsville City Council in Minnesota has backed a proposal to build a four-story self-storage facility at the southern tip of the Golden Triangle, which is between the split of Interstates 35W and 35E, and County Road 42. The location, on 1.7 acres, is the last undeveloped piece of the tip of the Golden Triangle. “It is a gateway to our city,” said Council Member Dan Gustafson. “It’s the first thing you see when you hit that split. You want something nice there.” Thus the proposed building includes glass, brick, decorative precast and awning details and design, all meant to improve the look of the self-storage facility. E&R Investments LLC presented the building plans. Source: Sun This Week
U-Haul Moving & Storage of South Beachwood purchased the former OrangeOnions Warehouse at 21930 Miles Road in North Randall, OH, and plans to renovate it with 800 storage units. “We’ve been working to expand our operations in Cuyahoga County for years. We are thrilled to move on to the next step,” said Scott Ochocki, president, U-Haul Company of Cleveland. Source: PR Newswire
U-Haul Moving & Storage of Houma, LA, bought a former Kmart store at 133 Monarch Drive in Houma and plans to renovate into a self-storage facility that will hold about 900 units. The Kmart store is 100,860 square feet. Source: Daily Comet
Developer Tulfra Real Estate will put up a three-story, 125,000-square-foot self-storage facility, which CubeSmart will manage, at 10 Kingsland St. in Nutley, NJ, on the Clifton border and next to Route 3. It will have 765 climate-controlled and 160-nonclimate-controlled units. Jon Mikula, senior managing director, and Michael Klein, managing director at Holliday Fenoglio Fowler LP, arranged $10.2 million in financing for Tulfra. Source: Holliday Fenoglio Fowler
HPI Horne Storage has closed its first self-storage developments in San Antonio, TX. The company is a joint venture of HPI Real Estate Services and Investments and Hugh Horne, a veteran of the self-storage industry. The first development is a 134,000-square-foot facility with 979 units at 10126 Potranco Road, with construction scheduled to finish in April 2019. The second development is at 12727 Vista Del Norte. Closing on the third site, which is adjacent to the Pearl District, is planned for mid-June. Source: HPI Real Estate Services & Investments.
Cimarron Storage, located at 6510 W. Highway 29 in Georgetown, TX, will add 14 new covered recreational vehicle and boat storage spaces. All will have electrical outlets and completion is expected by the end of June. New owners took over in July 2016 and have added two buildings and new office space. Source: Community Impact Newspaper
Completed
Storage Asset Management will operate Variety Storage, which has opened at 30 Kettle Drive in Glen Carbon, IL, with 395 units in 115,000 square feet of space. It will hold a ribbon-cutting ceremony on April 1. Source: Storage Asset Management
Miami City Self Storage will hold a grand-opening party for its new Pembroke Park facility, 1781 S. Park Road, on June 1. It is the company’s first facility to open in Broward County, and it has 795 units totaling 81,299 square feet. The company is building two more Broward County facilities, at 18460 Pines Blvd. in Pembroke Pines and at 812 NW First St. in Fort Lauderdale. Source: Miami City Self Storage
The post The Roll Up: Weekly Self-Storage Development Round Up 5.23.18 appeared first on The SpareFoot Storage Beat.