Safeguard Self Storage, which operates 75 facilities throughout the eastern states, has acquired land in Plainview, N.Y., on which it intends to build a new facility. The property at 1522 Old Country Road will comprise 60,300 square feet in 757 units. It’ll include computer-controlled access, a drive-up loading area and video cameras for security, according to a press release.
The location will be the company’s 32nd in the New York metropolitan area. The site is adjacent to several large commercial and residential developments, with an average daily car count of 27,300, according to the release.
Safeguard has five other projects underway in the New York market, two of which are expected to open later this year. It has six other projects in development outside the state, the release stated.
“The Long Island portion of the New York metro market has become increasingly important for Safeguard, and this purchase will help the company continue to develop and strengthen its name recognition outside the boroughs of New York City,” said Jim Goonan, executive vice president of development.
Founded in 1989 and headquartered in Atlanta, Safeguard operates facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. The company is owned and operated by Morgan Stanley’s Prime Property Fund.