JERSEY CITY, N.J.--(BUSINESS WIRE)--
Public Storage (NYSE:PSA) has reopened the doors of a 100-year-old
building this week after transforming it into one of the largest modern
self-storage facilities in the country. The construction project is part
of the company’s ongoing effort to expand in the region and provide
needed space in the greater New York City Metropolitan area.
This Smart News Release features multimedia. View the full release here:
Public Storage 133 2nd Street, Jersey City, NJ opened February 15, 2017, to serve one of the fast-growing New York Metropolitan areas. (Photo: Business Wire)
Storage at 133 2nd Street, Jersey City, NJ opened with
290 available spaces in a seven-story, block-long building in the town’s
historic arts district. Later this year, approximately 4,000
self-storage spaces will be available at the location, making it the
largest Public Storage with the most spaces under one roof nationwide!
It will serve residents of the rapidly growing community as well as
those in Manhattan looking to cash in on cheaper storage prices on the
other side of the Hudson River. Jersey City has experienced 7 percent
population growth over the last five years according to the U.S. Census,
in part because it is one of the most affordable places to live within a
short train ride from Manhattan. All of this extra space is just a few
blocks from the Holland Tunnel and from the Newport PATH train station,
for an eight-minute ride into the city.
Visitors who make the short trip will find a covered parking lot and a
modern security monitoring system. Units are climate controlled to
complement the thick walls designed to keep temperature changes to a
minimum. And they are available in a range of prices to suit personal
and business needs, from small to extra-large. For increased oversight,
the property manager will live at the location.
The building in the Powerhouse Arts District is the former Merchants
Refrigeration Company that opened in the early 1900s and was once the
largest cold storage commercial facility in the world. The historic
neighborhood that surrounds it has been going through a gentrification
as the city transforms itself into a destination of choice for apartment
and job hunters. Renovated lofts complement new glass high rises of
condos and corporate offices, housing large publicly traded firms. A
booming community, many are enjoying new shops, restaurants and a rich
history, with a stunning view of Manhattan.
Check out a drone
video of the location and neighborhood.
For more information, visit the Public
Storage Blog. Follow Public Storage on Facebook
We help customers in their time of need, whether moving, downsizing or
storing for business. Public Storage was founded in 1972 with a single
Southern California self-storage building. We’ve grown a bit since then,
to more than 2,310 locations around the country, making us the largest
in the business today and a member of the S&P 500. We offer self-storage
options of all shapes and sizes and the same personal attention from
on-site managers that we’ve been giving from day one. For stockholders,
we are a real estate investment trust, meaning we distribute a large
portion of revenue to public investors in the form of dividends. Learn
more about Public Storage at https://www.publicstorage.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170216005370/en/
Source: Public Storage