DSCA was represented in the transaction by Richard Van Houten,Jr., vice president in Trammell Crow Co.'s Chatham, NJ office.According to Van Houten, "by focusing on key demographic pockets,we aligned their requirement with the need for visibility and ahigh-traffic corridor. Beyond that, the neighborhood is undergoingsignificant retail redevelopment, which validates the buyer'scommitment to a successful self-storage operation."

DSCA plans to significantly upgrade the building with newexterior surfacing, climate-controlled environment and new securitysystems. When the asset is fully converted to a self-storageoperation, it's expected to have more than 500 units in a varietyof sizes.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.