A former CubeSmart in Bergen County will now offer storage solutions under a new banner: StorageBlue.
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 self-storage facilities and developing new buildings.
StorageBlue offers mobile usability, online payment management and state-of-the-art security.