Uncle Bob's Adds 19 Properties in Seven Markets

BUFFALO—Sovran Self Storage Inc. said Monday it had acquired an additional 1.3 million square feet of self storage facilities in eight separate transactions totaling $130 million. Sixteen of the facilities were purchased by SSS for a total of $96 million, while the remaining three were acquired for Sovran HHF Storage Holdings LLC, a joint venture in which the Buffalo-based REIT owns a 20% interest.

All 19 properties are located in markets where SSS, which operates under the Uncle Bob’s brand, already has a presence. They include seven facilities in New Jersey, seven in the St. Louis metro area and one each in metro New York City, Philadelphia, Atlanta, Chicago and San Antonio.