Citizen Storage Expands With two property takeovers
Third-party self-storage facility management company Citizen Storage, headquartered in Royal Oak, Michigan, has announced the management takeover of two new properties:
- 500 N Wildwood Blvd, Cape May Court House, NJ 08210
- 1802 N Reading Rd, Stevens, PA 17578
The New Jersey property was taken over on January 25, 2024, while the Pennsylvania property joined the Citizen Storage portfolio on May 8, 2024.
Enhancements and Upgrades
The Cape May Court House, NJ location will be expanded by 30,000 net rentable square feet (NRSF) of climate-controlled units. The Stevens, PA location is undergoing an extensive capital expenditure (CAPEX) program. According to a press release, both properties will receive significant technological upgrades to improve tenant access and convenience, including the ability to open gates using mobile phones.
"We are thrilled to expand our footprint into New Jersey and Pennsylvania," said Peter Spickenagel, CEO of Citizen Storage Management. "These new locations allow us to bring our innovative management approach to new markets, ultimately benefiting property owners and tenants alike."
Steve Lalor and Mark McGuire, owners of BlueFin Capital, the company that purchased the properties and hired Citizen Storage for third-party management, added, "We are confident that Citizen Storage's expertise and cutting-edge technology will enhance the performance of these properties and provide exceptional service to our tenants."
The addition of these properties represents a strategic move for Citizen Storage Management, marking its entry into two new states and markets. The company states that its goal is to continue expanding its presence in these regions, leveraging its proven management strategies to drive growth and success.
Citizen Storage Management manages 15 facilities across six states, with more than 5,500 self-storage units comprising over 700,000 net rentable square feet. For more information, visit CitizenStorageManagement.com.
More Content
Popular Posts
The self storage industry is in a precarious...
Joe Shoen, CEO of U-Haul, has had enough.
Like its name implies, Surprise, Ariz., a...
The question of “abandonment” of stored...
In a booming economy, expendable income...
In a record-breaking deal finalized May 12,...
Self-storage operators wear a lot of hats....
Joe Shoen has had enough.
Mother Nature can be a cruel mistress....
Senate Bill 709 (SB709) has many in the...
Recent Posts
The massive amounts of capital that poured...
Key Highlights:
- The first quarter of 2025...
It's been 13 days since catastrophic...
As the storage game keeps evolving and more...
Floods in Texas. Fires in California....
Recent statistics show that more than 29...