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JLL Completes Three Self Storage Transactions Totaling 2,250 Units

Posted: 1/10/2019
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JLL’s Capital Markets experts today announced the sale of three self storage properties totaling 2,250 units in Texas and Illinois.

Steve Mellon and Brian Somoza led the JLL team on the sales.

  • Store Space purchased Prestige Self Storage from Prestige Organization, LLC. Built in 2018, Prestige Self Storage is located at 4815 LJ Parkway in the southwest Houston suburb of Sugar Land. The Class A facility encompasses 976 units.
  • FollettUSA purchased Access Self Storage from USA Self Storage. Located at 10800 Red Bluff Road in Pasadena, Access Self Storage encompasses 522 units. The property opened in 2017.
  • A private real estate fund advised by Crow Holdings Capital purchased Crestwood Self Storage from an affiliate of Vertical Fields Capital, LLC. Crestwood Self Storage underwent a 37,000-square-foot expansion in 2017 and more recently was renovated in May 2018 to bring the total net rentable square feet to approximately 81,500. The 752-unit facility is located at 4501 W. 135th St. in Crestwood, Illinois.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally. For more capital markets content, visit The Investor, an online news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. newsroom.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit JLL.com

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