Commercial real estate investment services and technology firm Matthews completed the sale of a self-storage facility, located at 3490 W College Ave in State College, Pennsylvania.
Matthews’ Austin McLeod and Jack Connelly represented the seller in the transaction, which marked the company’s largest self-storage deal in Pennsylvania. State College Storage is a newly constructed, 58,800-square-foot net rentable self-storage facility comprising 513 climate-controlled and drive-up units.
Located less than four miles from Penn State University, the property is strategically positioned to serve robust demand from the local student body and residential community. The seller, a private developer, had previously brought the property to market in 2025.
The buyer, U-Haul, which owns and manages more than 2,100 self-storage facilities across North America, was looking to advance its goal of establishing a presence in the State College market. “This transaction required a high level of collaboration and diligence from both the buyer and seller to bring it across the finish line smoothly, ” said Connelly.
