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NEWS ROUNDUP

DEVELOPMENT: SecureSpace Self Storage opens SecureSpace Miami Wynwood in Miami, FL. The seven-story, Class A climate-controlled facility at 650 NW 30th Street offers 104,166 SF across 1,193 units, ranging from 5-by-5 to 20-by-26 feet. Enhancements include a contemporary leasing office, proprietary AI-enabled cameras and sensors, and complimentary high-speed Wi-Fi. The property marks SecureSpace’s fourth location in the Miami metropolitan area, joining its existing facilities in Coral Gables, Coral Way and Homestead.

DEVELOPMENT: La Soto Business Park & Self Storage reopens as Dallas Secure Storage and Warehouse in Lancaster, TX. Located at 1920 I-35E, the facility offers traditional drive-up and climate-controlled units, warehouse space for businesses, and storage for vehicles, boats, and RVs. Amenities include 24/7 video surveillance, gated PIN-code entry, on-site security staff, and flexible month-to-month rentals. The facility serves Lancaster and surrounding communities, including DeSoto, Red Oak, Cedar Hill, Duncanville and Glenn Heights.

DISPOSITION: Argus Self Storage Advisors announces the sale of Locked Up Self Storage in Stillwater, OK. The 2023-built facility at 1730 N. Jardot Road totals 42,115 RSF and 227 units, including climate-controlled, non-climate drive-up and enclosed RV/boat storage. Located near Oklahoma State University and a growing residential development, the property was sold by a private seller to a private buyer. Jared Jones, CCIM, of Jones Investment Real Estate, LLC, Argus’ Oklahoma affiliate, represented the seller.

FINANCING: PGIM provides $57M refinancing for Manhattan office-to-self-storage conversion at 152 West 36th Street in New York City. The joint venture between Mequity Companies and Flatiron Equities Real Estate is converting the former 51,853 SF office building into a roughly 1,500-unit Manhattan Mini Storage facility spanning 75,000 RSF, with completion expected in early 2027. The loan retires existing construction debt and funds the final development stages. Colliers arranged the financing, led by Managing Director Dylan Kane, Zach Redding, and Jared King. Mequity CEO Bill Marsh highlighted the project’s potential to benefit from increased residential demand following the Midtown South rezoning.