Storage Post Self Storage Expands New Jersey Footprint with New Newark Location
Storage Post, a leading owner and operator of self-storage facilities, announced the acquisition of a new location in Newark at 353–367 Park Avenue, which further expands its presence in New Jersey. The property was previously operated by CubeSmart.
The storage company has locations along the East Coast and throughout the South and Midwest, and it and is rapidly expanding through self-storage acquisitions and development.
Storage Post worked with Marcus & Millichap to complete the transaction, which was brokered by Managing Director Robert Bloch.
“This acquisition aligns perfectly with our strategy to expand in high-demand urban markets,” said Jack Giannola, director of acquisitions at Storage Post. “Newark continues to be a strong and dynamic market, and this property allows us to further serve the storage needs of the community while strengthening our regional portfolio.
“Marcus & Millichap was a pleasure to work with throughout the process. Their team was respectful, responsive and genuinely attentive to everyone’s needs.
“We’re confident that all parties were pleased with the outcome, and we would welcome the opportunity to work together again as we continue expanding across New York and New Jersey.”
The acquisition marks Storage Post’s seventh facility in New Jersey and supports the company’s continued growth across the Northeast.
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