News: Brokerage

JLL Capital Markets completes sale of Newbury Self Storage, a 686-unit self-storage facility

Newbury, MA JLL Capital Markets has completed the sale of Newbury Self Storage, a 686-unit self-storage facility. JLL’s Capital Markets Self Storage team represented the private seller, Stowaway Storage Newbury, LLC, and procured the buyer, Andover Properties.

Newbury Self Storage consists of 12 single-story buildings completed in stages from 2016 to 2023. The property offers 111,000 rentable s/f, an on-site office, drive-up units and land for additional expansion. The 49.35-acre site is located directly on Rte. 1/ Newburyport Tpke., 30 miles north of Boston. Newbury Self Storage is the newest and highest quality of the self-storage options in its trade area.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.