Industrial

The REIT has acquired more than $1 billion of properties since its IPO in January 2018.

StorageMart, the largest privately owned self storage company, is adding 80,000 square feet of climate controlled storage in the Overland Park, KS, market.

The facility is close to PA Route 33, I-78, and I-80, the main highways to the ports of New York/New Jersey and the MSAs of New York and Philadelphia.

The properties attracted strong interest and multiple offers, says Marcus & Millichap's David Bradley, demonstrating that the market remains strong while rents keep rising.

The industrial investor sells a Central L.A. value-add asset it purchased last year to an owner-user, rapidly completing its investment plan.

The 661,741-square-foot building, to be delivered in Newark before year-end, will provide modern bulk warehouse space with superior proximity, accessibility, flexibility and visibility.

The industrial property totals 350,171 square feet and was purchased by Hillwood in an acquisition that is consistent with its strategy to acquire high-quality industrial assets in major US markets.

The Hampshire Companies and Harrison Street say they plan to announce several additional self-storage development projects in the coming months in the aforementioned Boston to Washington, DC corridor