High-rise commercial buildings

Sub Markets

Property Sectors

Topics

New York & Tri-State CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New York & Tri-State  + New York  + Retail  | 

Clutter Enters Self-Storage Business with NYC-Area Portfolio

On-demand storage company Clutter, based in Culver City, CA, has entered the self-storage sector with its $152-million acquisition of the 5,240-unit Storage Fox portfolio. The four properties are located in New York City’s Brooklyn and Queens boroughs, and in the northern suburbs of Yonkers and White Plains, NY.

“We spent the last few years building out our own warehouse network and creating infrastructure for urban areas,” said Clutter CEO Ari Mir. “Now, we’re focused on owning real estate in key markets to offer the most comprehensive suite of storage products and services. We’ll continue to invest in people, technology and logistics to modernize the entire on-site experience.”

Colony Credit Real Estate partly funded the acquisition with a $116-million mortgage loan. Barclays Investment Bank acted as the sole lead arranger and exclusive financial advisor to Clutter, in connection with the Storage Fox acquisition.

Clutter expects to rebrand the properties by November.

Pictured: Storage Fox of White Plains.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With ClutterConnect With Colony Credit

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action