Safeguard Self Storage Completes the Acquisition of a New Self Storage Facility in Thornwood, New York just north of New York City
Safeguard Self Storage expanded its presence in the New York metropolitan self-storage market again today with the acquisition of its newest location in Thornwood, New York about 20 miles north of New York City. Safeguard closed on the purchase, its 62nd store nationwide, on June 10, 2013.
- New York, NY (1888PressRelease) June 15, 2013 - Safeguard Self Storage, a provider of premium self-storage solutions, recently acquired its twenty-second operating location in the New York metropolitan self-storage market. This facility, conveniently located at 950 Broadway in Thornwood Village will continue to help provide this community's growing demand for high-quality storage units and self-storage space.
Safeguard has a deeply established presence in the New York market, now with 22 open locations. Less than three weeks ago, Safeguard Self Storage opened its 21st operating location on Utica Avenue in Brooklyn, New York and will open its 23rd location on Bronx Boulevard late next month. As is typical of Safeguard's 62 stores nationwide, the Thornwood self-storage facility is designed with security, convenience and customer service in mind. Amenities at this location include: heated and air conditioned space, a convenient drive-up loading area, computer-controlled access to the building and digital\video recording of the property.
"Because of Safeguard's strong capital position, we were able to complete the acquisition in just 47 days from execution of the contract to closing. This new store complements the company's aggressive development of new locations from new construction - the company owns five other properties, three of which are in New York and two of which are in South Florida in various stages of development.", reported Allen Sweet, Chief Executive Officer of Safeguard Self Storage. "This second acquisition of a single operating store (the first being the company's acquisition of the McCook, Illinois store about 18 months ago) has solidified the Safeguard management team's skills required to complete larger acquisitions. It is clear to me that this team is now poised to be able to conduct multiple store acquisitions simultaneously", said Mark B. Rinder, Executive Vice President and Chief Financial Officer.
"The Thornwood location, like all of our New York facilities, is designed to provide an exceptional customer experience. The high quality of this store, matching Safeguard's superior portfolio, made completion of the acquisition easier than expected," said Michael Frosaker, Senior Vice President of Asset Management who, together with James Goonan, Senior Vice President of Development, led the effort to acquire this store for the Safeguard portfolio.
"This new facility complements our product offering there and provides Safeguard Self Storage with deepening critical mass in this market," explained Goonan.
Ken Finlay, Senior Vice President of Operations added, "Its convenient location (right in the center of the town), the plethora of amenities and the company's dedication to providing outstanding customer service, makes renting with Safeguard the best storage option in Thornwood and the surrounding area. What makes Safeguard unique is the relationship that we develop with our customers--they are very important to us. We look forward to getting to know and serve the residents and business people of Thornwood. It's a great community and we're proud to be part of it."
Thornwood, NY Location:
Safeguard acquired the Thornwood, NY self-storage location on June 10th, 2013. This facility has 358 storage units in 32,760 leasable square feet with a variety of unit sizes currently available. The Thornwood store team is led by Georgi Turer, Facility Manager and Daniel Dorado, Assistant Manager (transferring from the Elmsford, NY store effective today).
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