HOUSTON, Jan. 7, 2025 –  JLL Capital Markets announced today the sale of Spencer Mini Storage, a 55,775-square-foot self-storage facility in La Porte, Texas.

JLL represented the seller, ExchangeRight, in the sale of the property to a partnership between MyPlace Self Storage and Nuveen.

Spencer Mini Storage consists of 11 single-story buildings built in the late 1990’s totaling 511 units, 37% of which are climate controlled. In addition to the storage units, the property also offers 79 boat or RV surface parking spaces.

The asset is located at 11220 Spencer Highway in La Porte, a densely populated southeast suburb of Houston. The 4.37-acre site has excellent visibility to more than 17,500 cars per day and benefits from a five-mile trade area housing more than 81,000 people with an average household income of more than $119,000.

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Directors Adam Roossien and Matthew Wheeler and Senior Managing Directors Steve Mellon and Brian Somoza.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

ExchangeRight and its affiliates’ vertically integrated platform features more than $7 billion in assets under management that are diversified across over 1,400 properties, and 27 million square feet throughout 48 states, as of November 30, 2025. ExchangeRight pursues its passion to empower people to be secure, free, and generous through its Essential Income REIT and 1031 DST portfolios that target secure capital, stable income, and strategic exits, all of which have historically met or exceeded investor projections since ExchangeRight’s inception. On behalf of investors nationwide, the company structures and manages net-leased portfolios of assets backed primarily by investment-grade corporations that have successfully operated in the necessity-based retail and healthcare industries. Past performance does not guarantee future results. Please visit www.exchangeright.com for more information.

MyPlace Self Storage is a vertically integrated self-storage company founded by Kurt O'Brien in 2022.  Kurt O’Brien is a veteran of the industry with over 30 years of self-storage experience and a track record that includes developing two of the largest self-storage platforms in the U.S. and managing $7 billion in total transactions.  MyPlace Self Storage has acquired over $300 million in AUM across more than a dozen states since the company’s inception and continues to expand its operational footprint.

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 December, 2024 and operations in 32 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 112,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.