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Self Storage

Investcorp International / Storage Today Portfolio

Four Facilities in
Chicago & Suburbs

Price Rentable SF Units
$59,000,000 368,647 SF 3,993
  • Represented Investcorp International, an alternative investment manager with approximately $12 billion in assets under management, and their operating partner, Storage Today, in the disposition of their four-property portfolio. The Class A assets opened in 2002 to 2004, with locations in Chicago, Bolingbrook, & Countryside, Illinois.

LifeStorage Portfolio

Six Facilities in
Chicago & Suburbs

Price Rentable SF Units
$48,500,000 441,221 SF 3,854
  • Represented a Chicago based developer & operator in the disposition of their six-property, state-of-art portfolio. The assets, opened, in 2004 to 2006, were a combination of new construction and conversions, with locations in Chicago, Elgin, Algonquin, Carpentersville, Matteson, & Markham, Illinois. All properties in the initial lease-up phase.

Devon Self Storage Portfolio

Four Facilities in New Jersey, Maryland & Pennsylvania

Price Rentable SF Units
$45,100,000 400,055 SF 3,241
  • Represented the state of Michigan's Retirement System Pension Fund and their operating partner Devon Self Storage in the disposition of four recently converted self storage properties.

Boston Capital Portfolio

Seven Facilities in Cincinnati, Ohio

Price Rentable SF Units
$42,500,000 638,499 SF 5,266
  • Represented Boston Capital, a private equity real estate investment company, in the disposition of their seven-property portfolio. The institutional-quality assets were located in Cincinnati and Dayton, Ohio.

American Self Storage Portfolio

15 Facilities in Greater Cincinnati, Ohio

Price Rentable SF Units
$39,500,000 954,258 SF 8,910
  • Represented a Cincinnati based developer & operator in the disposition of their 15-property portfolio with Industrial Revenue Bond Financing. Opened between 1989 - 2004, the portfolio featured uniform construction in visible retail locations throughout the greater Cincinnati metropolitan area. The portfolio was sold to Extra Space Storage, Inc., a publically traded REIT.

U-Store It Portfolio

Eight Facilities in Chicago & Suburbs

Price Rentable SF Units
$31,500,000 460,043 SF 4,907
  • Represented U-Stor-It and their partners in the portfolio sale to GE Capital / Storage USA.


Buckeye Self Storage Portfolio

Six Facilities in Columbus, Ohio

Price Rentable SF Units
$29,000,000 351,987 SF 3,017
  • Represented developer & operator in the disposition of their six-property, institutional-quality portfolio. The newly built facilities featured high traffic, high visibility locations, climate controlled and exterior drive-up units.

GEM Realty Capital, Inc. / Budget Self Storage Portfolio

Four Facilities in Charlotte & Raleigh, North Carolina

Price Rentable SF Units
$19,010,000 297,980 SFO 2,696
  • Represented GEM Realty Capital, Inc., a private equity real estate investment company, and their development partner, Budget Self Storage, in the disposition of their newly-built, four-property portfolio. The state-of-the-art Class A assets opened in 2008 to 2009, and were located in Charlotte & Raleigh, North Carolina. The properties were sold to Sovran Self Storage, a publicly traded REIT.

Boston Capital Portfolio

Two Facilities in Chicago Suburbs

Price Rentable SF Units
$16,675,000 170,411 SF 1,340
  • Represented Boston Capital, a private equity real estate investment company, in the disposition of their two-property portfolio. The institutional-quality assets were located in the affluent Chicago suburbs of Highland Park and Hoffman Estates, Illinois.

Lock Up Storage Centers Portfolio

Three Facilities in Glen Rock, Lyndhurst, & Linden, New Jersey

Price Rentable SF Units
$15,700,000 156,718 SF 1,555
  • Represented The Lock Up Storage Centers in the sale of three institutional-quality self storage properties.


U-Store-It Portfolio

Three Facilities in Chicago, Illinois

Price Rentable SF Units
$15,000,000 209,374 SF 1,765
  • Represented U-Stor-It and their partners in the portfolio sale to Babcock & Brown, a global investment and advisory firm. The three single-story assets were located in densely populated Chicago neighborhoods near Chicago's Midway International Airport.

Easy Storage

Toronto, Canada

Price Rentable SF Units
$14,150,000 110,463 SF 953
  • Represented GEM Realty Capital, Inc., a real estate investment company, and their development partner, Budget Self Storage (dba Easy Storage Canada), in the disposition of their recently converted facility in Toronto, Canada. The facility was sold to Strategic Storage Trust, Inc., a publicly registered non-traded REIT.

Storage USA & McDonald's

Los Angeles, California

Price Rentable SF Units
$13,250,000 53,972 SF 649
  • Represented private developer in the disposition of their fee simple interest in a self storage asset and a leased fee interest in a ground lease with McDonald’s. The location featured a population of over 1 million within a 5-mile radius. Purchased by The William Warren Group, Inc. (dba StorQuest Self Storage), a privately held real estate company based in Santa Monica, California.

SafeGuard Self Storage

Coral Springs, Florida

Price Rentable SF Units
$10,300,000 75,600 SF 766
  • Represented Safeguard Self Storage, wholly-owned by a fund managed by Morgan Stanley, in the disposition of their class A asset located in the Ft. Lauderdale community of Coral Springs, Florida. The portfolio was sold to Extra Space Storage, Inc., a publically traded REIT.

Michigan Portfolio

Four Facilities in Detroit Suburbs

Price Rentable SF Units
$8,760,000 241,980 SF 2,030
  • Represented Citizens Bank in the disposition of four institutional-quality facilities operated by Simply Self Storage located in the Detroit suburbs of Shelby Township, Fraser, Flat Rock, Waterford Township, Michigan. Properties sold to private investors.

Babcock & Brown / America Portfolio

Four Facilities in Chicago & Lincolnshire, Illinois

Price Rentable SF Units
$8,745,000 227,665 SF 2,230
  • Represented Babcock & Brown, a global investment and advisory firm, and Bank of America in the sale of four facilities to New York based W. P. Carey & Co. LLC.

McCook Self Storage

McCook, Illinois

Price Rentable SF Units
$7,200,000 69,945 SF 698
  • Represented a Chicago based developer and equity partners in the disposition of their state-of-art facility located in the Chicago suburbs of McCook, Illinois. The facility was sold to Safeguard Self Storage, wholly-owned by a fund managed by Morgan Stanley.

Desert Country Club Storage

Palm Desert, California

Price Rentable SF Units
$6,800,000 570,150 SF 423
  • Represented developer & operator in the disposition of their new facility located in Palm Desert, California. The institutional-quality asset featuring large wine storage sold to Equity Based Services based in San Diego, California.

Storage Center

Deerfield, Illinois

Price Rentable SF Units
$6,500,000 59,905 SF 524
  • Represented a private developer & operator in sale of multi-story facility to Public Storage, a publically traded REIT.

Green Bay Avenue Self Storage

Milwaukee, Wisconis

Price Rentable SF Units
$6,500,000 72,210 SF 568
  • Represented a developer & operator in the disposition of their newly-converted facility located in Milwaukee, Wisconsin. The asset was sold to Crescendo Properties, Inc. (dba StorageKings) based in Sacramento, California.

Simply Self Storage

Hampton, Virginia

Price Rentable SF Units
$4,900,000 73,400 SF 650
  • Represented Bank of America in the disposition of their new facility located in Hampton, Virginia, a community in the metropolitan area of Norfolk & Newport News, Virginia. The facility was sold to Strategic Storage Trust, Inc., a publicly registered non-traded REIT.

Storage One — Annie Oakley

Las Vegas, Nevada

Price Rentable SF Units
$4,850,000 54,355 SF 466
  • Represented a San Diego based developer and equity partners in the disposition of their new Las Vegas, Nevada facility with assumable CMBS financing. The institutional-quality asset purchased by Equity Based Services based in San Diego, California.

StorageStop

Burlington, New Jersey

Price Rentable SF Units
$2,600,000 54,765 SF 563
  • Represented a developer in the disposition of their institutional-quality facility located in the Philadelphia suburbs of Burlington City, New Jersey. The asset sold to Storage Investment Management, Inc. (dba Planet Self Storage), a private investment & management company with over 30 self storage assets.

Simply Self Storage

St. Louis, Misouri

Price Rentable SF Units
$2,400,000 73,400 SF 650
  • Represented Bank of America in the disposition of their facility located in the St. Louis suburbs of High Ridge, Missouri. The facility was sold to Sovran Self Storage, a publicly traded REIT.