JLL arranges $20.3 million bridge financing for Philadelphia self-storage facility

Grant Street Funding provided a floating-rate construction take-out loan with a three-year term and two one-year extension options. The financing supports lease-up and stabilization of the redeveloped property, which has 118,280 rentable square feet across 1,486 climate-controlled units. CubeSmart manages the facility, which has leased more than 75,000 square feet since Phase 2 opened in February 2025.