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CBRE AND TRANSWESTERN BROKER $175 MILLION SELF-STORAGE SALE

NEW JERSEY AND NEW YORK— The Self-Storage Advisory Group of CB Richard Ellis (CBRE), along with the Institutional Commercial Group of Transwestern, has brokered the sale of 11 self-storage properties located in New Jersey and New York for $175 million. The portfolio totals 933,000 square feet, and all of the properties carry the Storage Post brand. The facilities feature covered loading, flexible unit sizes, climate-controlled environments and security. One of the properties is still under construction. CBRE and Transwestern represented American Storage Properties North, which sold the property to Acadia Realty Trust.

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