Nov. 19--Chicago-based Harrison Street Real Estate Capital has completed the first part of a two-part deal to sell 26 self-storage properties for $223 million, according to NGKF Capital Markets, which represented the firm.
The first portion of the deal involved the sale to CubeSmart, a self-storage real estate investment trust, of 22 properties and 1.7 million square feet of space in Illinois, California, Florida, Nevada, New York, Ohio and Rhode island. A second portion of the sale to CubeSmart is expected to close in March.