{"id":1004195694,"date":"2017-11-01T05:56:18","date_gmt":"2017-11-01T13:56:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195694"},"modified":"2022-12-09T01:20:35","modified_gmt":"2022-12-09T09:20:35","slug":"jernigan-adds-nj-self-storage-facility-to-its-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/","title":{"rendered":"Jernigan To Break Ground on NJ Self-Storage Facility"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png\"><img decoding=\"async\" data-attachment-id=\"1004195696\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/self-storage-news-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"self storage news\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png?w=800\" loading=\"lazy\" class=\"alignright size-medium wp-image-1004195696\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png\" alt=\"self storage news\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Jernigan Capital Inc. has invested $14.7 million in a proposed climate-controlled, self-storage project in North Bergen, N.J. Construction is expected to begin within thirty days, and the project is slated for completion by the first quarter of 2019. Mequity LLC is the developer of the facility and CubeSmart will\u00a0be the property manager.<\/p>\n<p>When completed, the facility will comprise\u00a0an 83,536-square-foot, seven-story building with approximately 68,000 square feet vacant space.<\/p>\n<h2>Strategic location<\/h2>\n<p>Located at 5203 John F. Kennedy Blvd., just across the Hudson River from Manhattan, the facility will be\u00a0close to a busy north-south corridor, which carries 33,000 vehicles per day. Its location, in an area with several multifamily developments and\u00a0limited self-storage options, positions the facility well to serve Union City, West New York and Guttenberg.<\/p>\n<p>Jernigan Capital Inc. has a fast-growing self-storage portfolio. The company has recently invested $10 million in a 725-unit\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/jernigan-capital-invests-10m-in-new-ky-self-storage\/\">self-storage project<\/a> located in Kentucky. Jernigan has also partnered with Mequity before: The two companies have co-invested in two other self-storage development projects.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has expanded its self-storage portfolio with a $14.7 million investment in North Bergen. The facility will offer 68,000 square feet rentable space. <\/p>\n","protected":false},"author":871,"featured_media":1004195696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21782,21783,1600,21742,10],"tags":[35721,33293,36633],"class_list":["post-1004195694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-development","category-investment","category-new-york","category-latest","category-northeast","tag-cubesmart","tag-jernigan-capital","tag-mequity"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Jernigan To Break Ground on NJ Self-Storage Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jernigan To Break Ground on NJ Self-Storage Facility\" \/>\n<meta property=\"og:description\" content=\"The company has expanded its self-storage portfolio with a $14.7 million investment in North Bergen. The facility will offer 68,000 square feet rentable space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-01T13:56:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:20:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Evelyn Jozsa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/\",\"name\":\"Jernigan To Break Ground on NJ Self-Storage Facility - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png\",\"datePublished\":\"2017-11-01T13:56:18+00:00\",\"dateModified\":\"2022-12-09T09:20:35+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/self-storage-news.png\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jernigan-adds-nj-self-storage-facility-to-its-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Jernigan To Break Ground on NJ Self-Storage Facility\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7a1fad8f1e02fa4d8f81f7e9ad21736a\",\"name\":\"Evelyn Jozsa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Evelyn-Jozsa-1.jpg?w=96\",\"caption\":\"Evelyn Jozsa\"},\"description\":\"Evelyn is a creative writer covering commercial real estate trends and insights in the U.S. Evelyn was previously a senior associate editor at Multi-Housing News and Commercial Property Executive. 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