NEW JERSEY—The Hampshire Companies, based in Morristown, N.J. has closed on the sale of a 10-property self-storage portfolio totaling more than 1 million sq. ft. of space. The assets sold are located in New Jersey and New York. HFF marketed the properties exclusively on behalf of the seller. The buyer, Extra Space Self Storage, purchased the portfolio clear of existing debt.
The HFF team representing the seller was led by senior managing directors Aaron Swerdlin and Jon Mikula.
Based in Salt Lake City, Utah, Extra Space Storage Inc. is a real estate investment trust and the second-largest self-storage operator in the U.S.