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Axis Development Co. opened Elizabeth River Storage in Chesapeake, Va. The 60,000-square-foot facility services both residential and commercial business. The facility contains 90 boat and RV parking spaces, six offices for lease, contractors storage and standard storage. It also offers boat launching on the Inter-coastal location on the Elizabeth River. Tony Collins is the owner. Axis Development is a development company for commercial self-storage facilities, office warehouses and multiuse historic rehabilitation across Virginia. Info: 757.440.7925, [email protected]
OB Companies/Simply Self Storage, a privately held developer of self-storage facilities, acquired two additional self-storage portfolios in March. The company purchased a portfolio in Georgia from Artisan Self Storage. The portfolio consisted of six facilities with 2,882 units and 754,813 total rentable square feet. Also purchased were two Illinois facilities consisting of 853 units with 110,601 rentable square feet. The seller was represented by Boston Capitol Partners represented by MJ Partners Real Estate Services. Info: 407.248.7878, [email protected]
Safeguard Self Storage of Melville, N.Y., purchased 1253 Jerome Ave. in the Bronx from Zahavi Zeevi Inc. for $1.8 million. The buyer plans to construct a three-story 40,820-square-foot self-storage facility. David Simone of Massey Knakal advised both parties. Info: 877.779.6900, www.safeguardit.com
Storage Investment Advisors (SIA), a Houston-based investment real estate services firm focused solely on the self-storage industry, has completed the first phase of a three-property, Class A self-storage portfolio disposition in the New York City area. The three properties were offered by Boston Capital, a Boston-based real estate and investment advisory firm, for $52 million and included more than 205,000 square feet of self-storage space in Queens and Bayport, N.Y., and Bloomfield, N.J. The Queens and Bloomfield transactions closed in January and the Bayport transaction closed in March. The portfolio was purchased by Orlando, Fla.-based OB Companies, owners of the Simply Self Storage chain of properties. Info: 713.838.8000, www.siallp.com
