For Immediate Release
LAKE FOREST, IL January 14, 2019 – Metro Storage LLC recently announced the opening of its newest self-storage facility in Wood-Ridge, New Jersey. Located on the former site of a manufacturing facility at 765 Route 17 in Wood-Ridge, the 883-unit facility is Metro’s 8th store in the New Jersey/western New York City market.
“We’ve had really good success with our stores in the New York/New Jersey area, and we look forward to further the expansion of the Metro brand in that market,” said Martin Gallagher, President of Metro Storage LLC.
The new 85,000 RSF store is strategically located with fantastic visibility on the highly travelled Route 17, a major thoroughfare to New York City. The site is situated in a densely populated business and residential area near the Meadowlands sports complex as well as the Teterboro and Newark airports. Highlights of the new facility include 100% climate-controlled units, interior loading and unloading bays, elevator access to all floors, industry leading security, and a modern, retail office space.
“Wide drive aisles and readily accessible customer loading areas provide great access to customers on those busy moving days,” added Gallagher
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA, Brazil, and Central America. Metro operates under the trademark “Metro Self Storage” in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 135 stores covering 14 states. Metro Storage International (MSI) has an affiliate/partner in Brazil which operates under the trade name “MetroFit”. MSI’s affiliate/partner in Central America operates under the trade name “Mr. Bodeguitas”, and is Central America’s leading self-storage operator with locations throughout Guatemala, El Salvador, and Costa Rica. More information about the firm is available at www.metrostoragecorporate.com.
About Fremont Realty Capital
Fremont Realty Capital (“FRC”) is the real estate private equity business unit of the Fremont Group, the investment office of the Bechtel family of San Francisco. Since formation in 1997, FRC has provided its investors with superior risk-adjusted returns and value-creation through investments in non-traditional and traditional real estate sectors, both domestically and abroad. FRC has been has been investing in U.S. and European self-storage businesses since 1998. Its success is based on a disciplined investment strategy, enduring long term relationships with best-in-class operating partners, and the collective experience of the firm’s principals. FRC has made investments in 365 properties in 11 countries, totaling over $5 billion.