Metro Storage LLC Opens New Self Storage Facility in North Plainfield, New Jersey
August 15, 2018 | Press Releases
For Immediate Release
LAKE FOREST, IL August 15, 2018 – Metro Storage LLC announced the opening of its newest store in North Plainfield, New Jersey. The former lawn and garden store, located at 351 Route 22 in North Plainfield was converted by Metro into a five-story, state of the art storage facility with 65,000 RSF of climate-controlled storage. This is Metro’s 6th store in the New Jersey/western New York City market.
“New Jersey is an exciting market with lots of opportunity through the population density, and this new facility is a valuable addition to our portfolio,” said Metro Storage LLC President Martin Gallagher. “Metro is well established in this market with an operational competitive advantage that enables us to provide our customers with the quality storage experience they expect.”
The converted building has 653 climate-controlled storage units and features a large interior loading area and multiple entrances around the building. In addition, the store will feature multiple well-located elevators, state of the art security, and a large modern leasing office.
Located in a highly populated, strong median income market, the store is located near major retailers and several new and existing residential developments on a highly traveled thoroughfare.
“We’ve seen some great results with our storage facilities in the New Jersey/New York City market, and we’re excited about the opportunity ahead of us to improve the storage location offerings in this sub-market,” said Marc Harris, Vice President of Operations
The North Plainfield store is the 13th development completed in partnership with Fremont Realty Capital.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA, Brazil, and Central America. Metro operates under the trademark “Metro Self Storage” in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 130 stores covering 14 states. Metro Storage International (MSI) has an affiliate/partner in Brazil which operates under the trade name “MetroFit”, one of the fastest growing self-storage companies in Brazil. MSI’s affiliate/partner in Central America operates under the trade name “Mr. Bodeguitas”, and is Central America’s leading self-storage operator with locations throughout Guatemala, El Salvador, and Costa Rica. More information about the firm is available at www.metrostoragecorporate.com.
About Fremont Realty Capital
Fremont Realty Capital (“FRC”) is the real estate private equity business unit of the Fremont Group, the investment office of the Bechtel family of San Francisco. Since formation in 1997, FRC has provided its investors with superior risk-adjusted returns and value-creation through investments in non-traditional and traditional real estate sectors, both domestically and abroad. FRC has been has been investing in U.S. and European self-storage businesses since 1998. Its success is based on a disciplined investment strategy, enduring long term relationships with best-in-class operating partners, and the collective experience of the firm’s principals. FRC has made investments in 365 properties in 11 countries, totaling over $5 billion.