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Safely Store Acquires Bergen County Development Site

Marcus & Millichap arranged the sale of a self-storage development site in Ridgefield, NJ.  Located at 1099 Hendricks Causeway, the fully entitled and permitted site will be developed into a Class A self-storage facility with more than 1,200 climate-controlled units. 

“This was a great process with multiple competitive offers,” said Nathan Coe, senior managing director investments and lead agent. “It demonstrates the strong demand for storage in Bergen County and the continued strength of the self-storage sector.”

The seller was StorageBlue, a longtime self-storage operator in North Jersey. The buyer was Safely Store, a self-storage dedicated investment platform focused on acquisitions and developments nationally. Nathan Coe, Gabriel Coe and Brett Hatcher, in association with Jim McGuckin, Marcus & Millichap’s New Jersey broker of record, marketed the property on behalf of the seller and procured the buyer. 

Launched in 2023, Safely Store was formed by principals of Iron Point Partners and Taylor/Theus Holdings and backed by La Caisse and another global institutional investor.

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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
  • ◦Development
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