NEW YORK CITY-A Public Storageaffiliate has purchased a portfolio of three Class-A self-storageproperties with a total of 3,596 units in the greater NewYork City and Boston areas from a Banner Real Estate Groupaffiliate. Jones Lang LaSalle arranged the transaction. Theacquisition amount was not disclosed.
The portfolio comprises three new, institutional-quality assetsin densely populated core urban areas with high barriers to entry.The facilities were constructed in 2018 and 2019. The two New Yorkproperties are located at 5002 2nd Ave. in Brooklyn and at 479 5thAve. in New Rochelle, in the Westchester County Submarket, and theBoston-area property is at 490 Eastern Ave. in Malden.
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