News
December 9, 2024
Tulfra Announces Construction Loan for Liberty Storage Center in Jersey City, New Jersey
The 795-unit self-storage facility, close to downtown Jersey City, will serve one of the most populous markets in the U.S.
ROCHELLE PARK, N.J., December 03, 2024 – Tulfra Real Estate, a Rochelle Park, New Jersey-based real estate and development company, announced the closing of a loan to fund construction of Liberty Storage Center, a six-story, 795-unit self-storage facility located at 300 Thomas McGovern Drive in Jersey City, N.J. The project will be managed by Public Storage.
The loan to TFJ Jersey City LLC was secured by JLL Capital Markets. Michael Klein and Jon Mikula, of JLL represented Tulfra on the transaction. Jeff Wallace and John Lipiros represented the lender, Fulton Bank. Mitchell Berkey and Joseph Zawila of CSG Law represented the borrower.
When completed, the 6-story 103,500-square-foot, fully climate-controlled facility will be the first of three phases totaling 260,000 square feet. Site work and construction has begun on the first phase of Liberty Storage Center.
The new Liberty Storage Center is
- 1-mile from Exchange Place and the PATH station in Jersey City.
- 20-minutes from Lower Manhattan.
- 30-minutes from Downtown Brooklyn.
- Adjacent to Liberty State Park.
- Midtown Manhattan via the Holland or Lincoln tunnels
Tulfra has developed 1,000,000 square feet of self-storage facilities in a dozen locations throughout northern New Jersey.
Tulfra has worked closely with city and state agencies for 5 years, to secure the proper permits to transform a former concrete plant into a Class A storage facility.
For leasing information, call Marcus Lee, Asset Manager, Tulfra at 201-587-9797 x314 or email at mlee@tulfra.com.