“This acquisition is a testament to the growing self-storage market in the metro New York area,” says Sonny Jumani, president and partner of Rochelle Park, NJ-based Tulfra Real Estate.
“Our expansion into Northern New Jersey is an important part of our overall acquisition strategy, which is focused on increasing our holdings in Tier I distribution markets," says Mark Crawford, vice president of acquisitions and dispositions for Duke.
Huge class A buildings occupied by the likes of Amazon have popped up all over, but fewer groups are working on the smaller buildings needed to complete deliveries.