Self-storage real estate investment trust CubeSmart has completed a transition in its senior leadership positions as well as a relocation to new headquarters in Malvern, Pa.
As of Jan. 1, Christopher P. Marr is the company’s president and CEO and has joined the company’s board of trustees. Marr has held a variety of positions at the company including president, chief operating officer, chief investment officer and chief financial officer. His appointment coincides with the retirement of Dean Jernigan, who served as CEO from April 2006 through December 2013. In addition to his retirement as CEO, Jernigan will no longer serve on the company’s board.
On Dec. 16, CubeSmart completed its relocation to 5 Old Lancaster Road in Malvern from its former offices in Wayne, Pa. The company-owned headquarters is 86,000 square feet and offers “an open and collaborative work environment” for staff including its National Sales Center, company officials said in a press release. The new location will also support future growth.
In addition to serving as a corporate center for 160 employees, the new CubeSmart complex includes a 236-unit self-storage facility that will be used as a resource for training, systems implementation and business development. The storage facility is scheduled to open for external business on Jan. 16.
CubeSmart owns or manages 527 self-storage facilities across the United States and operates the CubeSmart Network, which consists of more than 800 additional self-storage facilities.