Storage Post Renovates Long Island City Self Storage Property
ATLANTA, Oct. 16, 2012 /PRNewswire/ -- Storage Post Self Storage has undertaken an $11 million portfolio renovation program for its locations from New York to Louisiana. Renovations include redesigned exteriors, rebranded signage, interior and exterior lighting, flooring upgrades and renovated offices. The company will continue to update and renovate its self storage buildings into 2013 to achieve complete brand cohesion and enhance customer satisfaction.
"Our sophisticated renovation platform is driven by Storage Post's expert asset management and real estate professionals. With over 82 combined years in building repositioning and commercial property optimization, we can effectively create storage facilities that market our brand and offer customers the best amenities," said Jack Chaney, Storage Post chief operating officer.
The newly-renovated Long Island City facility is located on Starr Avenue in Queens and is situated off the Midtown tunnel heading out of Manhattan, exposing it to 200,000 daily commuters. This six-story facility also offers Storage Post's free customer storage shuttle service. Extensive improvements to the building exterior, including branded paint in bold green and vibrant yellow, have positioned the store as an inviting retail space. Every storage unit now provides climate-control for temperature-sensitive items and two elevators are being installed for easier loading and unloading. Also, remodeled restrooms and loading bays, and a renovated front office with bright signage and merchandise displays, will complement the location's deluxe amenities.
Joel Braun, Acadia Realty Trust executive vice president and chief investment officer, commented, "Storage Post successfully renovated our Long Island City asset resulting in what now looks like a new building. With exceptional visibility off the Long Island Expressway, the property is a great promotion of the Storage Post brand. With the marketing benefit, the successful repositioning of our asset has increased occupancy, revenues and net operating income."
Storage Post's Long Island City property renovation follows the repositioning of its New Hyde Park facility and the updating of its New Orleans location on River Road. In addition to increasing customer service and storage convenience, the company's renovation program continues to drive profitability throughout the portfolio.
About Storage Post
Headquartered in Atlanta, GA, Storage Post is a leading self storage company that focuses on quality products, operational excellence and positive customer service. Storage Post has locations along the East Coast and throughout the South, and is actively pursuing self storage acquisitions. For more information on Storage Post acquisitions and its executive leadership team, visit www.storagepost.com.
SOURCE Storage Post Self Storage
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