76.7 F
San Fernando
Friday, Nov 22, 2024

New Self-Storage Facility Coming to Glendale

Trojan Storage, a Los Angeles-based self-storage company, has purchased a site in Glendale to build a new storage facility. The company paid $9 million for the 1.9-acre property located at 620 W. Elk Ave. It plans to demolish the existing structure and construct a 220,000-square-foot self-storage business. CBRE Group Inc.’s Emil Gurfinkel and Ken McLeod represented both Trojan and the seller, a private real estate owner, in the deal. “Trojan Storage will now be able to service Glendale, a key Los Angeles market where demand is high for storage space,” Gurfinkel said in a statement. “This deal highlights the desire and forward thinking of self-storage players to meet the needs of residents moving into the newly constructed apartment buildings in the surrounding areas.” The Glendale location marks the company’s second property in the Tri-Cities, joining an existing one in Burbank at 101 E. Linden Ave.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

Featured Articles

Related Articles