Inside Self-Storage

JUN 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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NEWS 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 You can also sign up for our free weekly newsletter, which includes feature stories, videos, highlights and more. Sign up now at People Self-storage operator and management company The Jenkins Organization Inc. hired Jon Nordan as chief f nancial off cer. He'll work with company president Ricky Jenkins to develop and execute a strategy of growth and prof tability. Nordan is a certif ed public accountant with more than 25 years of experience in f nance-related positions. Self-storage real estate investment trust Life Storage Inc. has hired Steve Syverson as vice president of business services for its subsidiary, Warehouse Anywhere, a provider of third-party logistics and warehousing solutions. Syverson will develop, execute and manage company sales, marketing and channel-partner plans. MCSS Development & Investment LLC, a joint-venture between Rivergate Cos. and SJM Partners Inc., has named Ben Carr as president. He'll be responsible for leading the MCSS team, overseeing the venture's national investment and development activities, and raising capital for acquisitions. FollettUSA, which operates 16 self-storage facilities under the Storage Star brand, has named Matt Garibaldi president of both companies. Under his leadership, FollettUSA will continue its investment strategy of building its management platform while offering investment opportunities to current and future partners. Real estate f rm CBRE Group Inc. announced Curt McCall will lead the f rm's self-storage specialty practice for Valuation and Advisory Services. In this role, McCall will coordinate a team of specialists to develop and expand the f rm's platform nationally. The Storage Group named Steve Lucas as its new CEO. Brian Pelski, who most recently served in this capacity, will remain as a company principal. Lucas joined the company in 2013 as director of sales. Operators in the Spotlight Stanley Joseph Shader, co-founder of Shader Bros. Corp., which operates the Personal Mini Storage self-storage brand in Florida, passed away peacefully in March at age 93. After serving in the U.S. Army, Shader opened an army-surplus store in Florida and launched several other businesses. He founded Shader Bros. and Personal Mini in 1982 with his brother, Ron Shader. Rona Siegel, district manager for The William Warren Group (WWG), a privately held real estate company that operates the StorQuest Self Storage brand, was unanimously elected as chairman of the New Canaan, N.Y., Parks and Recreation Commission. At WWG, Siegel provides asset-management services for self-storage facilities in Connecticut, New Jersey, New York and Virginia. New self-storage owner John Fio Rito ran for a seat on the Verona, N.J., Town Council on the May 14 ballot. He faced deputy mayor Michael Nochimson, whose term expires on June 30. Fio Rito is converting the former Piano Warehouse to Verona Storage. StorCo Self Storage hosted a two-week carnival to celebrate its grand opening in Wood River, Ill., in April. The event included food, games and rides as well as music by several bands. The facility was converted from the former Jack Schmitt Chevrolet car lot. Restrictions The Kent, Wash., City Council passed regulations that will limit the size and use of future self-storage developments in the city. The changes are designed to prevent facilities from taking up large swaths of land and encourage developers to propose mixed-use projects. The council approved the changes following recommendations from city staff and other community boards. The Rock Hill, S.C., City Council gave preliminary approval to several zoning amendments that would exclude self-storage as an allowable use without special exception and conditional uses. Based on recommendations from the study the city conducted during its moratorium, self-storage and boat/ RV-storage facilities would be barred from the municipality's nine residential districts and three commercial zones. 8 ISS I June 2019

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