Safeguard Self Storage, which operates more than 70 facilities throughout the eastern states, recently purchased a parcel of land in Massapequa, N.Y., to build a new facility, the company’s 27th in the region. Safeguard currently has three additional facilities in various stages of development in the state.
“The New York area is the company’s most important market, and this purchase will build on the company’s efforts to increase its critical mass there,” said CEO Allan Sweet. “We have been building in New York for over a decade.”
The 61,825-square-foot facility will offer 766 storage units in various sizes. Amenities will include climate-controlled self-storage, drive-up loading areas, secured building access and video cameras.
“This store will be the company’s easternmost location in New York and will fill a real need in this densely populated area of Long Island where there are few other options for storage,” said Jim Goonan, senior vice president of development.
Founded in 1989 and headquartered in Atlanta, Safeguard Self operates facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. The company is owned and operated by Morgan Stanley’s Prime Property Fund.