An infusion of new self-storage space is coming to the New Jersey and New York region, where rents are rising amid a shrinking supply and other barriers to new development.
The Hampshire Cos. is deepening its push into self-storage, announcing a new joint venture and development plan with one of the industry’s largest alternative investment firms.
HFF has arranged $12.2 million in construction financing for developers to reposition a light industrial building into a 1,246-unit self-storage facility in Totowa, the firm announced.
