Tuesday, October 5, 2010
HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of a 14-property self storage portfolio located in California, Florida, Hawaii, Louisiana, New Jersey, New York, Pennsylvania and Texas.
The portfolio totals approximately 8,923 units and 830,000 square feet of rentable space.
HFF senior managing director Aaron Swerdlin (top right photo) and managing director Doug McCarron (middle left photo) exclusively represented the seller.
Public Storage purchased four properties in California and one in Hawaii totaling 3,528 units. Metro Self Storage purchased the remaining nine properties in the portfolio totaling 5,395 units.
Public Storage built their first facility in 1972 and since then has developed and/or acquired more than 2,000 locations throughout the United States. Public Storage is the largest operator of self storage facilities in the world. http://www.publicstorage.com/
Over the past 35 years, Metro Self Storage has developed, acquired, managed and sold more than 200 facilities totaling 10,000,000 square feet of self storage property. http://www.metrostorage.com/