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Utah-based self-storage giant Extra Space Storage announced last month that it would begin the process of acquiring and merging with rival Life Storage in a $12.7 billion, all-stock transaction expected to close in July.
The portfolio will generate 6.5 MW of renewable energy to power more than 1,400 nearby homes, most of which are low- and moderate-income families.
A self-storage company has plans to move to Bridgeport Avenue.
A Salt Lake City -based national self-storage company paid $21.7 million for Avon Self-Storage in January. The sale included 14 buildings on a 10.5-acre property at 190 Old Farms Road in Avon, as well as a house on a small lot surrounded by the storage property. The facility was sold by Avon Self-Storage LLC, based in Avon, to Trea SP IV Avon CT LLC, in a deal the town logged Jan. 3. The buying limited liability company shares a Salt Lake City address with Extra Storage Space, which describes itself as the second largest operator of self-storage facilities in the U.S.
