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CMG acquires Foundation Self Storage in Buckley, WA for $14.65M

April 1, 2025

We’re excited to share that Corliss Management Group LLC (CMG) has officially expanded its self-storage portfolio with the acquisition of a premier facility in Buckley, Washington.

Located at 28004 SR 410, the newly renamed Foundation Self Storage – Buckley includes 564 storage units spanning 115,688 rentable square feet, with additional land reserved for future expansion. This $14.65 million acquisition strengthens CMG’s footprint on the east side of Pierce County—an area experiencing rapid growth in both population and housing development. With this addition, our self-storage portfolio now totals 2,872 units across 456,946 rentable square feet, furthering our commitment to strategic growth and long-term value creation in the sector.

“As a family-owned real estate company with a deep-rooted presence in the Puget Sound region, we've been shaping the landscape of self-storage solutions for decades,” said Mark Walsh, Chief Real Estate Investment Officer at Corliss Management Group. “We are excited to continue building this product in our portfolio as it remains a growing need for people throughout the area. We believe that a secure storage space is more than just a place to keep your belongings; it’s a foundation for the changes and transitions in life.”

This acquisition also represents a meaningful handoff between two family-owned businesses. Western Self Storage, a multi-generational, family-run operation, has proudly served the Buckley community for over 50 years.

“Given our history, we are honored to partner with the Corliss Group and are confident that they will be a great addition to the Buckley community,” said Dave Honeysett, Project Manager at Western Self Storage. “Their business and personal legacy in the area led to our decision to sell our storage facility to their families. We wish them well as they embark on the next 50 years of success.”

Foundation Self Storage - Buckley will be professionally managed by Urban Self Storage, ensuring high-quality service, operational efficiency, and continued community focus. Offering a range of unit sizes, competitive pricing, and convenient access, the facility is well positioned to meet the growing storage needs of residents and businesses in the Buckley area.

At Corliss Management Group, we’re proud to invest in the long-term needs of the communities we call home. Through thoughtful expansion and trusted partnerships, we continue to build spaces—and relationships—that stand the test of time.