Safeguard Self Storage Acquires Land for New Facility in East Rockaway, New York

Safeguard Self Storage Completes the Purchase of a Piece of Land for a New Facility at 499 Ocean Avenue in East Rockaway, New York. End Quote

New York, NY (1888PressRelease) April 11, 2016 - Safeguard Self Storage has announced the purchase, on March 29th, 2016, of a land parcel to build a self-storage facility on Ocean Avenue in East Rockaway, New York. This store will be the 76th for the company nationally when completed and the 26th in the New York metropolitan area. The East Tremont and Massapequa developments, which will be the company's 24th and 25th stores in New York, are under construction and slated to open this summer.

"The New York metropolitan market is the most important market for Safeguard and this purchase will build on the company's efforts to capitalize on its critical mass there," said Jim Goonan, Safeguard's Senior Vice President of Development. "We have been building in New York for well over a decade."

The 52,400 leasable square-foot facility will provide 681 storage units in various sizes. Amenities at this location will include heating/air conditioning, drive-up loading area, computer-controlled building access and digital/video recording of the property. As with our other recent developments on Long Island, the facade of the store will communicate the company's brand and logo boldly while being designed to blend in with the surrounding neighborhood.

Mark B. Rinder - Executive Vice President and Chief Financial Officer
Safeguard Self Storage | Atlanta
3384 Peachtree Rd. | 4th Floor
Atlanta, GA 30326
phone: 404-264-7525
mobile: 404-449-3171
fax: 404-264-7541
email: mrinder ( @ ) safeguardit dot com
www.safeguardit.com

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