{"id":1004378924,"date":"2019-12-30T03:12:13","date_gmt":"2019-12-30T11:12:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004378924"},"modified":"2025-02-28T00:22:19","modified_gmt":"2025-02-28T08:22:19","slug":"storage-post-expands-new-jersey-self-storage-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/storage-post-expands-new-jersey-self-storage-portfolio\/","title":{"rendered":"Storage Post Self-Storage Expands New Jersey Portfolio"},"content":{"rendered":"<div id=\"attachment_1004378936\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/45-Kossuth-St.-Image-courtesy-of-Storage-Post-Self-Storage.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004378936\" data-attachment-id=\"1004378936\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/storage-post-expands-new-jersey-self-storage-portfolio\/45-kossuth-st-image-courtesy-of-storage-post-self-storage\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/45-Kossuth-St.-Image-courtesy-of-Storage-Post-Self-Storage.jpg\" data-orig-size=\"926,709\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Adriana Pop&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1577710974&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=\"45 Kossuth St. Image courtesy of Storage Post Self Storage\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;45 Kossuth St. Image courtesy of Storage Post Self-Storage&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/45-Kossuth-St.-Image-courtesy-of-Storage-Post-Self-Storage.jpg?w=926\" class=\"wp-image-1004378936 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/45-Kossuth-St.-Image-courtesy-of-Storage-Post-Self-Storage.jpg\" alt=\"\" width=\"300\" height=\"230\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/45-Kossuth-St.-Image-courtesy-of-Storage-Post-Self-Storage.jpg 926w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/45-Kossuth-St.-Image-courtesy-of-Storage-Post-Self-Storage.jpg?resize=300,230 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/12\/45-Kossuth-St.-Image-courtesy-of-Storage-Post-Self-Storage.jpg?resize=768,588 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004378936\" class=\"wp-caption-text\">45 Kossuth St. <em>Image courtesy of Storage Post Self-Storage<\/em><\/p><\/div>\n<p>Storage Post Self-Storage has acquired its third <a href=\"https:\/\/www.commercialsearch.com\/news\/the-hampshire-cos-harrison-street-break-ground-on-new-jersey-facility\/\">self storage facility in New Jersey<\/a> for an undisclosed price. Located at 45 Kossuth St. in Haledon, N.J., the property was built in 1894 as a schoolhouse and then redeveloped for self storage use in 1994.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/self-storage-rents-still-down-year-over-year-2\/\">Self Storage Rents Still Down Year-Over-Year<\/a><\/p>\n<hr>\n<p>The three-story facility now offers self storage units that range in size from 3 by 3 feet to 15 by 15 feet in a location 14 miles away from Manhattan. According to Yardi Matrix data, the 33,400-square-foot property in Haledon offers 25,050 rentable square feet with security cameras and climate control.<\/p>\n<p>The new ownership is planning to conduct a full-scale renovation that will bring the self storage property up to Class A status to match the other facilities in the company\u2019s portfolio. Elsewhere in New Jersey, Storage Post owns two self storage locations in Jersey City and Linden. The Atlanta-based company also owns or manages properties in New York, Los Angeles and Florida.<\/p>\n<h2>Expanding into North Jersey<\/h2>\n<p>According to Dylane Delaune, Storage Post\u2019s chief operating officer, the new Haledon acquisition is located in a dense residential micro-market. He added that the company has been looking for New York and New Jersey locations with high barriers to entry and pent-up demand for self storage. Jack Giannola, Storage Post\u2019s director of acquisitions, added that the Haledon facility is the latest in the company\u2019s expansion into the North Jersey market.<\/p>\n<p>Storage Post has plans to grow its portfolio over the next few years through the acquisition of additional properties, as well as ground-up developments and management contracts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company has purchased a three-story facility in a high-barrier market, with plans to fully renovate the property for a Class A offering. <\/p>\n","protected":false},"author":883,"featured_media":1004378936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1600,21742,10],"tags":[33971,37469],"class_list":["post-1004378924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-new-york","category-latest","category-northeast","tag-adaptive-reuse-projects","tag-storage-post"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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