The Storage Mall Acquires 2 Facilities in NY & PA

November 6, 2016

The Storage Mall, which operates 16 self-storage facilities in New Jersey and New York, has closed two separate facility transactions in the past month.  The first facility was under the name RIck's Storage and is located at 3566 W. Main Street Road in Batavia, New York.  The second facility was under the name Riverside Self Storage and is located at 410 Eisenhower Boulevard in Johnstown, Pennsylvania.  These will be the companies 17th and 18th facilities and will be branded under The Storage Mall name.

In Batavia, Rick's Storage encompasses 15,275 square feet of storage space in 120 units.  The facility features drive-up access units along with oversized contractor units.  The facility will be run by the management that is already in place at The Storage Mall's other Batavia facility located at 8520 Bank Street Road.

In Johnstown, Riverside Self Storage has over 400 units in a little over 40,000 square feet.  The unit mix includes both standard and climate controlled, along with some outdoor parking spots.  This facility is one of the largest facilities in the Johnstown area and will have on-site management along with U-Haul sales and other ancillary sales.

The acquisition of Riverside Self Storage marks the company's first facility in the state of Pennsylvania.

Based in Rochester, NY, The Storage Mall has a little under 600,000 square feet of storage space spread across over 4,600 units.  Founded in 2000, the company is looking to expand its portfolio to nearly double its size in the next 5 years by adding facilities in New York, New Jersey, and Pennsylvania along with expanding down the East Coast.  

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