Safeguard Self Storage Continues Its Expansion in the New York Market with Completion of the Purchase of Land

Online, April 24, 2014 (Newswire.com) - Safeguard Self Storage continues expansion in the New York self-storage market with the purchase of land for its newest location in the very densely populated Bedford-Stuyvesant section of Brooklyn. Safeguard closed on the purchase on April 24, 2014 to develop its 68th store nationwide and will be just about a mile north of its Crown Heights store. The 42,625 square foot self-storage facility will offer this Brooklyn neighborhood 704 storage units in a variety of sizes, with individual unit alarm features and many other amenities. The store is expected to open in 2015.

Safeguard currently has 23 open stores in New York and has two other properties under construction (West Farms in the Bronx and Albany Avenue in Brooklyn presently and, thus, this development will be the company's 26th store in the state. As is typical of Safeguard's 63 open stores nationwide, the Bedford-Stuyvesant self-storage facility will be designed with security, convenience and customer service in mind. Amenities at this location will include: heated and air conditioned storage units, a convenient drive-up loading area, computer-controlled access to the building and digital\video recording of the property.

"New York is a great market for Safeguard Self Storage and the company continues to search for every possible opportunity to develop there", said Allan Sweet, Chief Executive Officer.

"The Bedford-Stuyvesant store, like all of our New York facilities, will be designed to provide an exceptional customer experience. This new facility will complement our product offering in New York and demonstrates our commitment to, and confidence in, this terrific market. " said Jim Goonan, Senior Vice President of Development.