The Houston office of Holliday Fenoglio Fowler LP (HFF) has closed the sale of two United Stor-All self-storage facilities in Parsippany and Fairfield, N.J. Completed in 2004, the properties comprise 1,406 units in 139,850 square feet.
Aaron Swerdlin, HFF senior managing director, Doug McCarron, managing director, and Michael Klein, associate director, led the investment sales team on behalf of the seller, a joint venture between United Stor-All and the Fidelity Real Estate Group. An unrelated third party purchased both properties for an undisclosed price.
United Stor-All is a national self-storage developer, operator and property manager. The company has developed more than 40 facilities in the past 10 years, and currently manages a portfolio of approximately 90 sites.
HFF operates out of 17 offices nationwide, providing commercial real estate and capital markets services to the U.S. commercial real estate industry.