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Equinox Cos./Exit 9 Self Storage Expands in Clifton Park, NY

March 12, 2021

2 Min Read
Equinox Cos./Exit 9 Self Storage Expands in Clifton Park, NY

Update 3/12/21 – Equinox intends to break ground this year on the second phase of its expansion of Exit 9 Storage, which will add about 250 units. The $5 million first phase, which included 244 units and 25 wine lockers, opened last July and has leased up faster than anticipated, according to King.

6/20/19 – Equinox received approval from the planning board to expand Exit 9 Storage in Clifton Park. The new three-story building will contain nearly 350 climate-controlled units, six vehicle-storage spaces and wine storage. The existing site offers 415 units, according to a source.

Exit 9 Storage was one of the first storage facilities in the area when it opened decades ago, King said. The new building will be more modern and include technology, he added.

Construction will begin this fall, with a tentative opening next spring. “Hopefully, down the road, we'll do another expansion,” King said.

8/22/18 Real estate development company Equinox Cos. has purchased land adjacent to its Exit 9 Self Storage facility at 2 Crossing Blvd. in Clifton Park, N.Y., with the intent to expand. Owner J. Eric King acquired the 1.5-acre property at 101 Sitterly Road from Claudette Proctor for $740,500, according to the source.

Occupancy at the 417-unit facility hovers around 95 percent year-round, said property manager Zach Gohl. “That location has been strong. The storage business is a cash cow.”

Although the size of the new project has yet to be determined, it’ll contain climate-controlled units, Gohl said.

Founded in 1968, Equinox develops commercial buildings, restaurants and retail centers in the Northeast. Its services include design/build, property management, site development and finance sourcing.

Sources:
Albany Business Review, New Clifton Park Self-Storage Includes Lockers for Wine Bottles
Albany Business Review, Equinox Cos. Expanding Self-Storage Business
The Daily Gazette News, Exit 9 Storage Expansion Gets Planning Board Approval in Clifton Park

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