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Storage Deluxe purchases vacant land in Queens, NY for $5.7M

Self-storage operator plans to develop 110,000-square-foot facility on the vacant land

September 12, 2012- Storage Deluxe is planning to construct 200 storage units in Long Island City, Queens, NY. The construction is scheduled to start in October. The property is located at 30-25 Northern Blvd. It was acquired from Margaret and Terence P.

www.insideselfstorage.com reports:

"This acquisition presents an exciting opportunity for us to add to our current footprint in Long Island City," said Steve Novenstein, president of Storage Deluxe Realty.

Storage Deluxe owns three facilities in Long Island City and it has bought an industrial property earlier this year and plans to construct two separate buildings, one for traditional storage and other for fine-art storage. The self-storage operator has seven facilities in Bronx, Brooklyn and Queens, NY.

Source: www.insideselfstorage.com