Self-Storage Development

Broad Street

a jointly developed Self-Storage and Industrial facility

In 3Q 2021, JDA completed construction of a mixed-use self-storage and industrial project located in Newark, NJ. The building consists of approximately 113K NRSF of storage and 30K NRSF of flex warehouse space. The property is situated on Broad Street, which runs parallel to the highly trafficked McCarter Highway (proximate to I-78 and Route 1/9), offering prominent visibility for self-storage operations and convenient access for urban infill last mile delivery. This is a high barrier to entry market with muted supply at the time of delivery (less than 3 SF per capita within a 3-mile radius) and strong density (population of roughly 300K within a 3-mile radius), providing attractive fundamentals for a long-term investment opportunity.

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