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NEWS ROUNDUP

DEVELOPMENT: LSC Development opens 69,375 SF self-storage facility in Lombard, IL. The five-story, fully climate-controlled facility at 665 W. North Avenue includes 14,960 RSF of parking and 64 secure spaces for RVs, boats, and other vehicles. Groundwork, LTD designed the project, G.A. Johnson & Son served as general contractor, and Byline Bank provided construction financing. John Nikolich, President and COO of LSC Development, led the project, with Extra Space Storage managing the facility.

DISPOSITION: Oakside sells 312,950 SF self-storage portfolio in South Georgia. The two-property portfolio comprises 2,243 units across Albany and Moultrie, with 90% occupancy by area and institutional-quality construction spanning 16 development phases. The Albany asset offers meaningful mark-to-market upside, attracting multiple competitive offers from institutional and private equity investors despite challenging market conditions. Eric Jones, Senior Vice President of Oakside, led the transaction.

ACQUISITION: Corner Storage Conyers JV LLC acquires 39,650 SF Conyers Climate Storage in Conyers, GA. The facility at 1722 Highway 138 SE features 303 climate-controlled and non-climate-controlled units serving Conyers and surrounding Rockdale and Newton counties. Corner Storage Conyers JV LLC partnered with Absolute Storage Management to provide professional third-party management and oversee daily operations.

DISPOSITION: Versal sells Double Horn Boat & RV Storage in Spicewood, TX. The 40,610 NRSF facility includes 60 non-climate units, 60 covered parking spaces, and 53 uncovered spaces, with 93% physical occupancy. The property also includes approximately 3.5 acres of expansion land with Highway 71 frontage and potential for significant future development.