Storage Post Self Storage Adds Plainview Facility to Long Island Portfolio

Storage Post Self Storage (JLL) acquired a self-storage facility at 150 Fairchild Avenue, Plainview, NY, its seventh Long Island location, expanding the company's suburban New York footprint.

Rhea-AI Summary

Storage Post Self Storage (JLL) acquired a self-storage facility at 150 Fairchild Avenue, Plainview, NY, its seventh Long Island location, expanding the company's suburban New York footprint.

The property, formerly operated as CubeSmart, includes a modern geothermal system for heating, cooling and dehumidification and involved debt management by JLL Capital.

Positive

• Seventh Long Island location, expanding regional footprint
• Geothermal energy system improves operational efficiency and sustainability
• Debt managed by JLL Capital, indicating structured financing support

Negative

• Transaction price not disclosed, limiting near-term financial impact assessment
• Increased geographic concentration in Long Island submarket raises localized exposure

Argus Feb 24 session

+2.17% close to close Open Argus

Details

News Market Reaction – JLL

On Feb 24, the day this news came out, JLL closed 2.17% above the previous close.

Data tracked by StockTitan Argus for the Feb 24 session.

Key Figures

First mortgage loan: $47 million Long Island locations: 7 locations

First mortgage loan

$47 million

JLL Capital Markets loan for Storage Post East Village (Dec 2025, referenced in article)

Long Island locations

7 locations

Plainview facility brings Storage Post to seventh Long Island site

Historical Context

5 past events · Latest: Feb 18

5 events

1. Feb 18

   Q4/FY 2025 earnings

   24h Move

   +9.6%

   Strong Q4 and full‑year EPS and revenue growth versus prior year.

2. Feb 17

   Storage Post expansion

   24h Move

   -0.8%

   Acquisition of Nyack self‑storage facility with JLL Capital Markets support.

3. Feb 12

   Large refinancing deal

   24h Move

   -7.6%

   Arrangement of $596M refinancing for The Crescent in Dallas.

4. Feb 05

   Leadership appointment

   24h Move

   +0.3%

   Appointment of new Head of Communications to lead global strategy.

5. Jan 26

   Investor briefing announcement

   24h Move

   +0.9%

   Planned March 12 investor briefing to outline multi‑year strategy.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

first mortgage loan, geothermal energy system

2 terms

first mortgage loan financial

"JLL Capital Markets announced in December 2025 a $47 million first mortgage loan"

A first mortgage loan is the primary loan secured by a property, meaning the lender has the first claim on that property if the borrower fails to repay. Think of it as the lead lien in a queue: it gets paid before any other debts tied to the same property. Investors care because first mortgages typically carry lower risk and stronger recovery prospects, influencing loan values, interest rates and the stability of mortgage-backed investments.

geothermal energy system technical

"The Plainview facility features a modern geothermal energy system that powers heating"

A geothermal energy system captures heat from beneath the Earth's surface to produce electricity or to heat and cool buildings, using pipes, pumps and turbines to move that heat like a giant underground radiator. For investors, it matters because these systems can provide stable, low‑carbon power with predictable operating costs and long asset lifetimes, similar to owning a utility that runs on a steady natural resource rather than volatile fuel markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Feb. 24, 2026 /PRNewswire/ -- Storage Post Self Storage, a leading self-storage company, today announced the acquisition of a new self-storage facility in Plainview, New York, further extending its footprint across Long Island. The property is located at 150 Fairchild Avenue, Plainview, NY, and was formerly operated as a CubeSmart facility.

This acquisition signifies Storage Post's seventh location on Long Island, underscoring the brand's continued commitment to serving high-demand suburban markets throughout the New York metro area. The Plainview facility features a modern geothermal energy system that powers heating, air conditioning and dehumidification across the property, supporting both operational efficiency and sustainability.

"This acquisition represents another important milestone in our Long Island growth strategy," said Jack Giannola, Director of Acquisitions at Storage Post. "Plainview is a strong, established market with strong demand for high-quality storage, and this facility aligns perfectly with our long-term vision for the region. A special thank you to Robert Bloch from Marcus and Millichamp for the support."

The property was acquired in large part due to the management of debt by Senior Managing Director Steven Klein and Senior Director Robert Tonnessen with JLL Capital. JLL Capital Markets announced in December 2025 a  $47 million first mortgage loan for Storage Post East Village. In addition to managing the debt for this new Plainview facility, JLL also provided the debt of Storage Post facilities in Newark and Nyack.

Giannola added, "We're grateful to the sellers for the care and attention they brought to this property, and we look forward to building on the strong foundation they established. This Plainview and Long Island is a great submarket characterized by low supply, strong density and high traffic. Our team is focused on ensuring a seamless transition while enhancing the customer experience through Storage Post's operational platform and service standards."

For more information about Storage Post and its locations, visit https://www.storagepost.com/.

About Storage Post Self Storage

Storage Post is a leading self-storage company transforming the storage industry. The company focuses on quality products, operational excellence, positive customer service and increased returns for investors. Storage Post has locations along the East Coast and throughout the South and Midwest and is rapidly expanding through self-storage acquisitions and development. For more information on Storage Post, visit www.storagepost.com.

About JLL  

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Contacts

Media Contact:
Steve Gruver
404-201-6611
sgruver@storagepost.com

Acquisitions Contact: 
Jack Giannola 
Director of Acquisitions 
201-679-6790 
Jgiannola@storagepost.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/storage-post-self-storage-adds-plainview-facility-to-long-island-portfolio-302694874.html

SOURCE Storage Post

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Storage Post (JLL) announce about the Plainview acquisition on Feb 24, 2026?

Storage Post acquired a self-storage property at 150 Fairchild Avenue, Plainview, NY as its seventh Long Island site. According to the company, the facility was formerly a CubeSmart location and includes a geothermal system powering HVAC and dehumidification.

How does the Plainview facility's geothermal system affect Storage Post (JLL) operations?

The geothermal system supports more efficient heating, cooling and dehumidification across the property. According to the company, this enhances operational efficiency and sustainability while potentially lowering ongoing energy costs and maintenance intensity for the facility.

Did JLL Capital provide financing support for Storage Post's Plainview purchase?

JLL Capital assisted with debt management for the Plainview facility and other Storage Post sites. According to the company, JLL Capital previously arranged a $47 million first mortgage loan in December 2025 for a different Storage Post property.

What does the Plainview acquisition mean for Storage Post's Long Island strategy?

The acquisition reinforces Storage Post's Long Island growth strategy by adding a seventh market location. According to the company, Plainview offers low supply, strong density and high traffic, aligning with the firm's suburban expansion focus.

Is the purchase price for the Plainview property disclosed for Storage Post (JLL)?

No purchase price was disclosed in the announcement, so immediate financial impact is unclear. According to the company, financing and debt management were handled with JLL Capital, but the transaction value was not provided.