Public Storage Opens a New Facility in Jersey City, New Jersey
February 16 2017 - 8:00AM
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.
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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)
Public 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 and Twitter.
Company Information
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.
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Public StorageClemente Teng(818) 244-8080, Ext. 1141
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