JLL ARRANGES SALE OF SELF STORAGE PORTFOLIO FOR $21.3M

MARMORA AND TRENTON, N.J. — Jones Lang LaSalle (JLL) has arranged the $21.3 million sale of a portfolio of three self storage facilities, totaling 226,455 square feet, for 21st Century Storage. Kurt O'Brien acquired 101 U.S. Route 9 in Marmora, N.J., 555 North Olden Ave. in Trenton, N.J., and 5301 Park Heights Ave. in Baltimore. Doug McCarron, Steve Mellon and Pete Williams, managing directors with JLL’s national self storage team, represented the seller, 21st Century Storage. Joseph Garibaldi, managing director, and James Molloy III, senior vice president at JLL, assisted in the transaction. The buyer was represented in-house. The 51,975-square-foot building at 101 U.S. Route 9 in Marmora features 449 storage units, and the 111,115-square-foot property at 555 North Olden Ave. in Trenton includes 1,030 heated and air-cooled units. The 60,505-square-foot property at 5301 Park Heights Ave. in Baltimore includes 894 storage units.