Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + State of Texas  + Industrial  | 

Plano, Garland Self Storage Units Get New Owners

Two Texas self storage facilities were part of an 8-property deal announced yesterday. Life Storage, one of the nations largest storage companies, was the buyer of the two Texas properties. Life Storage has over 1,000 facilities nationwide.

The facilities are 93% leased and all are considered Class A units, featuring 24-hour security, visibility, climate controlled and ample parking. All in all, the portfolio totaled 4,317 units.

JLL Capital Markets represented the seller, Harrison Street. JLL’s Brian Samoza says the portfolio will not likely be a quick flip, “Quality, convenience, security…set each property apart from the competition ensuring the assets will remain best-in-class for the long term.”

Connect

Inside The Story

Brian Samoza

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
Colliers-56-cube