Kasowitz Represents Seller in Closing Sale Of One of the Largest Self-Storage Facility Sales of the Year
Kasowitz Benson Torres represented a leading real estate investment company in the sale of a massive self-storage facility in North Bergen, New Jersey in October to one of the nation’s largest publicly traded real estate investment trusts specializing in self-storage. The transaction involved one of the largest single-asset self-storage sales in the United States in 2022.
As The Wall Street Journal and other news outlets have reported, self-storage facilities, especially as a result of the pandemic, have been among the most active areas in real estate as they increasingly draw attention from institutional real estate investors such as Blackstone, Centerbridge, Harrison Street, Nuveen and Cascade.
The Kasowitz team representing the real estate investment company was led by partner David Szeker and included associate Kathleen M. Maurer.