Safeguard Self Storage has purchased property in Brooklyn, N.Y., where the company intends to develop its 65th location. The facility will comprise 50,000 square feet in 786 units and offer security features and other amenities. The company currently has 20 self-storage facilities in the New York City metro area, with two more under construction.
The facility will offer heated and air-conditioned units, a drive-up loading area, computer-controlled access and digital video recording on the property.
"The Albany Avenue location, like all of our New York facilities, will be designed to provide an exceptional customer experience," said Jim Goonan, senior vice president of development. "This new facility will complement our product offering in New York and demonstrate our commitment to, and confidence in, this market. As many already know, we have two other stores under construction at this time, one of which will open later this month at Utica Avenue not far from this Albany Avenue site."
No completion date has been set for the Albany Avenue facility. The Utica Avenue location in Brooklyn is scheduled to open April 15.
Headquartered in Atlanta, Safeguard Self Storage was founded in 1989 and today operates more than 60 facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. The company is owned and operated by Morgan Stanleys Prime Property Fund.