O WNERS , D EVELOPERS & M ANAGERS
Mid Atlantic Real Estate Journal — September 28 - October 11, 2012 — 9A
www.marejournal.com
Totaling more than 7,433 units and 740,822 s/f Hampshire Self Storage sells 10 property portfolio to Extra Space Storage
M ORRISTOWN, NJ — The Hampshire Companies , which operates under the Hamp- shire Self Storage name, has announced that it has sold 10 of its self storage facilities to Extra Space Storage Inc. totaling more than 7,433 units and 740,822 s/f. Hampshire will retain ownership of a second portfolio, which totals 5,993 units and 603,606 s/f of rental space, which includes four facilities in Puerto Rico as well as sites in Denville, NJ, Hackensack, Burlington, Cherry Hill, and Richmond, VA. Extra Space Storage has assumed management for these properties that are now operating under the Extra Space Storage brand. The portfolio of sold as- sets consisted of properties in Poughkeepsie, NY, Cen- tral Valley, NY, Mahwah, Hackettstown, Parsippany, Montville, Fairfield, New- ark, North Brunswick, and Berkley Heights. All of the locations offer state-of-the-art UNION, NJ — DMR Ar- chitects , a full-service ar- chitectural, planning and urban design firm recently completed the Master Plan for the 180 acre campus at Kean University. The Master Plan guides future development and redevelopment for the University’s main campus in Union. The Vision 2020 Master Plan addresses the Universi- ty’s need for future expansion based on census, the projected growth of academic programs, a growing resident student population, and integrating the geographically divided campus. The Vision 2020Master Plan supports the University’s aca- demic mission, enhances the campus experience, strength-
storage solutions with top- of-the-line security systems and offer both humidity and temperature-controlled units to preserve belongings in a clean and fully secured envi- ronment. “At Hampshire, we believe experience is one of our great- est assets, which is what continues to make our self- storage business so success- ful,” said James E. Hanson,
service standards.” Hampshire has more than 20 years of self storage experi- ence, formerly operating as a Storage USA franchisee in the late 1990’s, then as developer, and now as an owner and operator. Spencer Kirk , CEO of Ex- tra Space Storage said, “We are excited to increase our footprint in the New Jersey and New York markets. We
have forged a strong partner- ship with The Hampshire Companies that is proving beneficial for both parties, now and into the future. ” HFF marketed the proper- ties on behalf of the seller, The Hampshire Companies. The HFF team representing Hampshire was led by senior managing director Aaron Swerdlin and senior manag- ing director Jon Mikula . ■
II , president and CEO of The Hampshire Companies. “We translated more than two decades of self-storage experience into a viable and highly successful portfolio of state-of-the-art facilities that raised the bar on customer satisfaction and affordability. The timing for this deal was right, and we felt confident entering into it, given Extra Space’s strong reputation and
DMR Architects completes master plan for 180 acre campus at Kean University in New Jersey
ens the University’s image, promotes sustainability and reinforces the University com- munity. The Plan includes a comprehensive examination of the University’s existing conditions, as well as short and long term strategies of implementation. The complet- ed document includes design standards, and plans for open space, parking, moderniza- tion, housing and circulation. “Providing our professional service to assist with the advancement of institutes of higher education across the State of New Jersey is a great pleasure of our firm,” Lloyd Rosenberg, AIA , president and CEO said. “We are proud of our relationship with Kean, and we look forward to the University’s bright future.” ■
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