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RKF Arranges $19 Million Sale of 95,000-SF Storage Facility in Brooklyn

11.03.17

NEW YORK —RKF, the country’s leading independent real estate firm specializing in retail leasing, investment sales and consulting services, announced today that it has arranged the $19 million sale of a 95,000-square-foot self-storage facility in Brooklyn’s Midwood neighborhood from Extra Space Storage to Safe N Lock Storage LLC. The transaction closed on September 13, 2017 and represents the Safe N Lock’s fifth storage facility.

RKF Vice President Zach Mishaan represented both the buyer and the seller.

Just two blocks from the intersection with Coney Island Avenue, SNL’s new location at 1301 Avenue M is well situated among a range of businesses that meet the needs of local residents, including Valley National Bank, Astoria Bank, Glatt Mart, Brooklyn’s Brands (men’s clothing), Piccolino (chindren’s furniture), and grocer Organic Circle.

The self-storage facility will serve Brooklyn’s growing population, which seeks both short- and long-term space while individuals and families are undergoing moves and other life transitions.

“Brooklyn’s retail expansion includes service businesses such as Safe N Lock that help people manage daily life as well as career and family changes,” pointed out Mishaan. “Investment opportunities in the borough are increasingly attractive to both investors and business operators.”

About RKF

The leading independent real estate firm in North America specializing in retail leasing, investment sales and consulting services, RKF serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and dispositions. With approximately $30 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Chicago, Las Vegas, Los Angeles, Miami, Northern New Jersey, San Francisco, Tokyo and Toronto. RKF operates in Canada as RKF Group Canada Realty, a retail brokerage.

RKF’s New York City office is located at 521 Fifth Avenue, Floor 7, New York, NY 10175.
T: 212.599.3700. www.rkf.com

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