Heitman LLC Acquires Self Storage Assets In Midwood & Tremont For $63.1M

The transaction involved the sale of a self-storage asset located at 1296 East 14th Street in Midwood, Brooklyn, and a ground lease controlling another storage building at 2036 Webster Avenue in Tremont, Bronx. The property was acquired for a total of $63,100,000.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $63,100,000
• Buyer: Jonathan Lindell - Heitman LLC
• Seller: Kurt Spring - Equity Resources Investments & Marc Sharinn - SNL Storage
• Market: Midwood & Tremont, Bronx
• Buyer's Representative: Heitman LLC
• Seller's Representative: Kurt Spring - Equity Resources Investments & Marc Sharinn - SNL Storage

The acquiring entity, Heitman LLC, a Chicago-based firm, completed the purchase of the storage building in Midwood, Brooklyn, and secured the ground lease controlling the storage building in Tremont, Bronx, from Equity Resources Investments and SNL Storage for the disclosed transaction amount.