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Texas   /   January 22, 2021

Paul Bubny
By: Paul Bubny

JLL Closes Deal for Storage Portfolio in Texas and Midwest

JLL Capital Markets closed the sale of a 14-property, 8,517-unit self-storage portfolio in markets in Houston, Austin and Dallas-Fort Worth, TX; Minneapolis-St. Paul, MN; and St. Louis, MO. JLL worked on behalf of the seller, The Jenkins Organization. National Storage Affiliates Trust purchased the assets.
 
The facilities are located within or near dense population centers along major thoroughfares. The portfolio consists of six properties in and around Houston; three in the Austin MSA; two in Minneapolis-St. Paul markets; and one each in Dallas, San Antonio and St. Louis.
 
The JLL Capital Markets Investment Advisory team representing the seller was led by managing directors Steve Mellon and Brian Somoza, senior managing director David Berglund and VP Blaise Tomazic.
 
“This was a highly compelling, turnkey opportunity for an investor to acquire a well-occupied self-storage portfolio with upside,” Mellon said. “

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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