Providing Multiple Storage Solutions to the Local Market
GLENDALE, Calif.--(BUSINESS WIRE)--
Public
Storage (NYSE:PSA)
David Doll, Senior Vice President, announced the opening of Public
Storage’s largest self-storage facility in Bronx, New York. The
12-story facility, located at 385 Gerard Avenue (at East 144th
Street), will have more than 4,000 units when completed and is Public
Storage’s 2,079th location.
Public Storage Opens Largest Self-Storage Facility in the Bronx (Photo: Business Wire)
The new facility has been designed specifically for the local community
with a large variety of sizes to suit the needs and demands of customers
from Manhattan to Harlem and the Bronx. The property includes free
parking and off-street loading docks for large moving vans.
“Growing demand for smaller sized units at our other locations
throughout greater NYC has led us to build this facility to meet the
specific needs of local customers,” said David Doll. “Not only does our
Gerard facility offer the right kind of storage at the right price, its
easy access and free parking make it a convenient choice for the 687,000
New Yorkers who live within two miles of the property.”
Public Storage has invested millions of dollars through local
construction trades to renovate and retrofit the building to its high
standards that include new roofs, mechanical systems, new high-speed
freight elevators and insulated exterior panels. The building will also
be energy efficient. The Gerard facility is part of the resurgence in
the area with the Yankee Stadium and Bronx Terminal Market developments.
Customers can reserve space online by visiting PublicStorage.com, or by
calling 1-800-44-STORE. Grand opening promotions include $1 for the
first month’s rent along with heavily discounted monthly rental rates.
Storage features include restricted access, interior door lock systems
and remote surveillance monitoring after hours.
Company Information
Public
Storage, a member of the S&P 500 and FT Global 500, is a fully
integrated, self-administered and self-managed real estate investment
trust that primarily acquires, develops, owns and operates self-storage
facilities. The Company’s headquarters are located in Glendale,
California. At March 31, 2013, the Company had interests in 2,080
self-storage facilities located in 38 states with approximately 133
million net rentable square feet in the United States and 188 storage
facilities located in seven Western European nations with approximately
ten million net rentable square feet operated under the “Shurgard”
brand. The Company also owns a 41% common equity interest in PS Business
Parks, Inc. (NYSE:PSB) which owned and operated approximately 28.2
million rentable square feet of commercial space, primarily flex,
multi-tenant office and industrial space, at March 31, 2013.
Additional information about Public Storage is available on the
Internet. The Company’s web site is www.publicstorage.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130619005160/en/
Public Storage
Clemente Teng
(818) 244-8080, Ext. 1141
Source: Public Storage