Mini-Warehouse Chain Being Bought
- Share via
Stor-N-Lok, a national mini-warehouse developer, has receivced an $85 million loan commitment, enabling it to acquire and refinance the Pilgrim Storage Warehouse chain which has 60 mini-warehouses in five Western states.
The first funding, $36.5 million, was received last June and a second funding of $10 million was completed Oct. 1. The remaining $38 million is to be funded by next June, at which time the acquisition of Pilgrim Storage will be completed. The loan was arranged by Remington Mortgage Corp., San Diego.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
