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Washington DC & Mid-Atlantic  + Pennsylvania  + Industrial  |  June 15, 2026
Jasmine Kilman
By: Jasmine Kilman

Matthews Facilitates Sale of Newly Constructed Self-Storage Facility to U-Haul

Commercial real estate investment services and technology firm Matthews completed the sale of a self-storage facility, located at 3490 W College Ave in State College, Pennsylvania.

Matthews’ Austin McLeod and Jack Connelly represented the seller in the transaction, which marked the company’s largest self-storage deal in Pennsylvania. State College Storage is a newly constructed, 58,800-square-foot net rentable self-storage facility comprising 513 climate-controlled and drive-up units.

Located less than four miles from Penn State University, the property is strategically positioned to serve robust demand from the local student body and residential community. The seller, a private developer, had previously brought the property to market in 2025.

The buyer, U-Haul, which owns and manages more than 2,100 self-storage facilities across North America, was looking to advance its goal of establishing a presence in the State College market. “This transaction required a high level of collaboration and diligence from both the buyer and seller to bring it across the finish line smoothly, ” said Connelly.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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