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Sitar Realty Brokers $124.4 Million Acquisition of 6,272 Self Storage Units Across the Northeast

Posted: 10/27/2017 Link: REBusinessOnline.com
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Sitar Realty Co. has arranged the acquisition of 6,272 self storage units across the Northeast. Saratoga Springs-based Prime Group Acquisitions purchased the properties, which total 673,588 square feet, for $124.4 million. The properties are located in Clinton, Lindenwold, Phillipsburg and Washington, N.J.; Brookfield, Farmington, Newington and New Milford, Conn.; Boston, Hyde Park, Quakertown, Somerville and South Boston, Mass.; and Fairless Hills, Pa. Bill Sitar Jr. of Sitar Realty Co. brokered the transactions. The names of the sellers were not disclosed.

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