JLL Capital Markets has successfully secured a $115-million refinancing package for a portfolio of nine self-storage facilities in the Tri-State area. The properties are owned and operated by Storage Post, with Nuveen Real Estate providing the first mortgage financing.
Over time, ownership has expanded the original 633,364-square-foot portfolio to now encompass 723,664 rentable square feet across 9,578 units. These prime locations can be found in various regions of New York and New Jersey including Bronx, Floral Park,Garden City,Huntington Station,Yorktown Heights,Haledon Elizabeth,Linden,and Perth Amboy.
The transaction was arranged by JLL Capital Markets’ senior managing director Steven Klein and director Robert Tonnessen. According to Klein,”Storage Post’s extensive experience operating self-storage assets in the highly competitive New York Metro market uniquely positions them to capitalize on market dynamics and drive growth.”
