Inside Self-Storage

MAY 2019

Inside Self-Storage (ISS) is an information source for industry owners, managers, developers and investors covering news, trends, facility operation, finance, real estate, construction, development, marketing, technology, insurance and legality.

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Operators in the Spotlight Innisfi l Self Storage of Ontario, Canada, which is owned by the Eisses Family, donated $100,000 to the Rizzardo Health and Wellness Centre, a healthcare facility under development. The donation was presented by Harry Eisses during a town-hall meeting. U.K. self-storage operator Storage Giant Ltd. received two Business Excellence Awards from "Acquisitions International," a monthly business magazine. The company won in the "Best Commercial & Domestic Self-Storage Facilities 2019 - England & Wales" and "Small Business of the Year 2019" categories. Extra Space Asia (ESA), a privately owned business that operates self-storage facilities across the Asian continent, has received a 2019 "Favourite Self-Storage Brand" award from Superbrands Worldwide, a global media communications and publishing f rm. ESA is the f rst storage brand to receive the award for two consecutive years. Members of the Texas Self Storage Association raised $203,000 last year for the Shriners Hospitals for Children in Galveston, Texas. To date, TSSA members have raised $1.4 million for the hospitals. Westy Self Storage, which operates 15 facilities in Connecticut, New Jersey and New York, hosted a one-night-only musical at its New Hyde Park, N.Y., location. "Going, Going, Gondoliers" was performed by the Gilbert & Sullivan Light Opera Co. of Long Island and featured highlights from its upcoming shows. NEWS People Shurgard Self Storage Europe SARL, the European aff liate of U.S.-based real estate investment trust Public Storage Inc., promoted Vincent Mesdom to director of acquisitions. In this newly created position, he'll focus on growing the business, seeking acquisition opportunities across Europe. Red Dot Storage, which operates 144 self-storage properties in 16 states, named Chuck James as CEO. James joined the company in 2017 as chief operating off cer (COO) and became president and COO last August. He'll takeover CEO duties from company founder Seth Bent, who has moved into the new role of chief strategy off cer. Rosewood Property Co., a real estate f rm with self-storage interests, named Rick Perdue as company president. Perdue was formerly employed by Mill Creek Residential LLC, a national multi-family builder, investor and operator, where he served as senior managing director. Moove In Self Storage, which operates 24 locations in Maryland, New Jersey, New York and Pennsylvania, hired Chad Dravk as regional maintenance technician. He'll provide maintenance support to the company's properties in Maryland and Pennsylvania. He'll also be responsible for regular maintenance, repairs and improvements. Pogoda Cos., a Farmington Hills, Mich.-based self-storage operator that also provides third-party management services, recently hired Adam Pogoda as director of acquisitions. He'll spearhead the company's latest growth campaign to expand its existing portfolio in Michigan and Ohio and possibly other states. Restrictions The Coon Rapids, Minn., City Council unanimously approved a six-month moratorium on self-storage development. The ban also applies to the expansion of existing facilities. It'll run until Sept. 9 unless the council opts to lift or extend the ordinance. The New Haven, Conn., Planning Commission voted unanimously in favor of a zoning text amendment that would require self-storage projects to receive a special-use permit in several districts where it's currently an at-right use. The ordinance would affect developments targeted for central business/medical, heavy- industry, light-industry, and wholesale and distribution districts. In its intent to preserve the city's historic ambiance, the Rogersville, Tenn., City Council unanimously voted to move forward with an ordinance that would ban indoor self-storage developments along a majority of Main Street. The vote was the f rst of three readings the council will hear on the subject. Off cials in Miami-Dade County, Fla., are considering an ordinance that would require all self-storage facilities to adhere to strict rules for paint schemes and window treatments. Enforcement of the ordinance would apply to new and existing self-storage businesses, with current, nonconforming properties given 24 months to comply. Out of the Ordinary A forklift operator plunged 80 feet down an elevator shaft to his death while working on the conversion of a historic Milwaukee warehouse to self-storage. Anthony D. Azarian, 32, had extended the forklift bucket to knock away bricks when the vehicle became unstable and fell seven stories. Azarian was inside the forklift cage. A female employee at Scotty's Kingston Storage in Shreveport, La., suffered head injuries during an armed robbery. Following the attack, the robber took items from the business and left in the victim's vehicle. An employee conducting an annual facility audit discovered more than $30,000 in cash inside a vacant unit at an iStorage property in Forest Park, Ohio. Although the self-storage space was locked with a padlock, it wasn't rented. Police are trying to determine who the money belongs to and how it ended up in the unit. A woman died in a car explosion at Route 22 Self-Storage in McVeytown, Pa. Investigators identif ed the victim as 58-year-old Lisa Ann Casto of Hagerstown, Md. Her death was ruled a suicide. GET MORE NEWS! ISS posts dozens of late-breaking news items to its website each week. To learn more about industry trends, people, products, legislation, transactions, events and much more, visit insideselfstorage.com/happenings/news. You can also sign up for our free weekly newsletter, which includes feature stories, videos, highlights and more. Sign up now at insideselfstorage.com/newsletter. 8 ISS I May 2019 www.insideselfstorage.com

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