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Macritchie Storage to convert former soap factory to self-storage in New Brunswick, NJ
The company purchased the property at 1007 Jersey Ave. for $2.7 million

June 11, 2017: Macritchie Storage LLC, a self-storage developer based in Calgary, Alberta, Canada, is planning to convert a former soap factory in New Brunswick, N.J., to self-storage. 

The 3.8-acre site at the intersection with Howe Lane includes a 50,000-square-foot building. The structure once housed Epic Industries Inc., which is owned by Simoniz USA Inc., a producer of sanitizers, disinfectants and other cleaners, the source reported.

I initially thought this property would be purchased by another manufacturer, but it turned out to be an excellent fit for Macritchie Storage,” said Jonathan Glick, executive vice president of Sheldon Gross Realty Inc., who brokered the transaction. “The location is ideal for them, and the building’s footprint is well-suited to their specific needs.”

Macritchie received approval in January to build a two-story self-storage in Lake Zurich, Ill. The site will be managed by self-storage real estate investment trust CubeSmart.

The company is also converting a former SuperValu supermarket in Kenosha, Wis., as well as a former liquor-control warehouse in Lansing, Mich. 

Based in West Orange, N.J., Sheldon Gross Realty provides commercial real estate brokerage services to the industrial, office and retail sectors.

Source: www.insideselfstorage.com