40K-square-foot acquisition furthers StorageBlue’s regional expansion

Jessica Perry//February 16, 2022//

40K-square-foot acquisition furthers StorageBlue’s regional expansion

Jessica Perry//February 16, 2022//

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A former CubeSmart in Bergen County will now offer storage solutions under a new banner: .

On Feb. 15, Alan Mruvka – the founder and CEO of the New Jersey-based company, who previously held the same roles at E! Entertainment Television – announced the $10 million closing on the newest StorageBlue location, in Teaneck.

“We are expanding rapidly and Teaneck, New Jersey, was a perfect fit for our next facility,” Mruvka said in a statement accompanying the announcement. “With over 40,000 residents and zero storage facilities, we specifically targeted Teaneck as our next North Jersey location.”

According to StorageBlue, the $10 million loan transaction was financed by Emerald Creek Capital and arranged by Justin and Richard Horowitz of Cooper Horowitz LLC.

The 5-year-old company has eight climate-controlled facilities in the New York-New Jersey metro area, with 20 more in various stages of development. According to StorageBlue, Mruvka works to expand the company’s portfolio by both acquiring existing facilities and developing new buildings.

StorageBlue offers mobile usability, online payment management and state-of-the-art security.