Storage Post Expands Long Island Presence with New Facility Acquisition in Plainview

Storage Post Expands Its Footprint with New Acquisition in Long Island

In a strategic move to enhance its presence in suburban New York markets, Storage Post Self Storage announces the acquisition of a self-storage facility at 150 Fairchild Avenue in Plainview, New York. This facility, formerly operated by CubeSmart, becomes Storage Post’s seventh location on Long Island, underscoring the company’s focused expansion plans in high-demand areas. The addition of this site fits seamlessly into Storage Post's vision of providing quality storage solutions where market demand is robust and the competition relatively low.

The newly acquired Plainview facility integrates a state-of-the-art geothermal energy system, which raises the bar for operational efficiency and sustainability within the self-storage industry. This innovative technology enhances heating, air conditioning, and dehumidification processes, aligning with modern demands for environmentally responsible business practices. Jack Giannola, the Director of Acquisitions at Storage Post, highlights the strong market potential in Plainview, pointing out that its attributes—low supply combined with a dense population and high traffic—make it an ideal choice for Storage Post’s growth ambitions. This facility not only fulfills a critical market need but also reaffirms the company's commitment to sustainable development practices.

The acquisition is facilitated by Jones Lang LaSalle (JLL) Capital, with Steven Klein and Robert Tonnessen playing pivotal roles in the deal. Their prior success in securing significant financing for Storage Post facilities, including a $47 million first mortgage loan for another property in East Village, speaks to the strong collaborative relationship between Storage Post and JLL. In light of this acquisition, Giannola expresses appreciation for the previous owners, acknowledging their efforts in maintaining the property, and emphasizes the company’s intention to improve customer experiences and operational standards as they transition into this new location.

In related developments, Storage Post continues to prioritize expansion within the New York metro area, with a particular focus on regions experiencing strong demand for storage solutions. The Plainview acquisition exemplifies this strategic direction and highlights the ongoing partnership with JLL, ensuring financial and operational support for future projects. With its proactive approach to capturing market opportunities and commitment to sustainability, Storage Post is well-positioned to thrive in the evolving self-storage sector.