Storage Post Solidifies Long Island Presence with Geothermal-Equipped Plainview Acquisition

PLAINVIEW, NY – February 24, 2026 – Storage Post Self Storage has significantly deepened its roots on Long Island with the acquisition of a modern self-storage facility in Plainview, New York. The property, located at 150 Fairchild Avenue and previously operated by national competitor CubeSmart, marks the company's seventh location in the region, signaling an aggressive and well-funded expansion strategy in the competitive New York metropolitan market.

This latest addition to the Storage Post portfolio is not just a strategic play for market share; it also represents a notable step towards environmental sustainability within the self-storage industry. The Plainview facility is distinguished by its use of a modern geothermal energy system to manage its heating, air conditioning, and dehumidification—a feature that promises both operational efficiency and a reduced carbon footprint.

A Calculated Expansion in a High-Demand Market

The acquisition is a clear execution of Storage Post’s stated goal to grow its presence in high-demand suburban markets. Long Island, characterized by its dense population, high traffic, and significant barriers to new construction, presents a prime opportunity for acquiring established assets. Industry analyses confirm that the local market has minimal competition relative to its population, with just over 4.4 square feet of self-storage per person in some areas, well below the national average. This creates a favorable environment for operators of high-quality facilities.

"This acquisition represents another important milestone in our Long Island growth strategy," said Jack Giannola, Director of Acquisitions at Storage Post. "Plainview is a strong, established market with strong demand for high-quality storage, and this facility aligns perfectly with our long-term vision for the region."

This strategic growth is powered by a robust financial partnership. The deal was facilitated by the debt management expertise of JLL Capital Markets, specifically Senior Managing Director Steven Klein and Senior Director Robert Tonnessen. This is not an isolated transaction; JLL has become a key financial partner in Storage Post's expansion, having recently arranged a $47 million first mortgage loan for the company's East Village location in December 2025 and provided debt for facilities in Newark and Nyack. This consistent access to significant capital allows Storage Post to act decisively on acquisition opportunities in a market where new development is often hampered by high costs and regulatory hurdles.

Pioneering Sustainability in Self-Storage

Beyond its strategic location, the Plainview facility stands out for its commitment to green technology. The property’s geothermal energy system leverages the stable temperature of the earth to provide highly efficient heating and cooling. For a self-storage business, where climate control is a critical and energy-intensive service, this is a significant advantage. The system not only lowers long-term operating costs but also provides superior dehumidification, offering better protection for customers' stored belongings against moisture and temperature fluctuations.

While the self-storage industry has been slower than other real estate sectors to adopt green technologies, a clear trend toward sustainability is emerging. Rising energy costs and a growing consumer preference for environmentally responsible businesses are pushing operators to innovate. Features like the solar panel systems seen on other Long Island facilities and now Storage Post's geothermal-powered site are becoming key differentiators. By highlighting this feature, Storage Post is positioning itself as a forward-thinking operator, appealing to an increasingly eco-conscious customer base and potentially setting a new standard for future developments in the region.

This focus on sustainability is not merely an environmental statement; it is also a sound business decision. Reduced energy consumption translates directly to a healthier bottom line, enhancing the asset's value and providing a competitive edge in a market where operational efficiency is paramount.

Navigating a Competitive and Consolidating Landscape

The acquisition of a former CubeSmart property is indicative of the ongoing consolidation within the self-storage industry. As larger, well-capitalized regional players like Storage Post expand, they are increasingly absorbing facilities previously run by national REITs or smaller independent owners. This shift changes the competitive dynamics in local markets like Plainview, where customers now have another major brand to consider alongside competitors such as Safeguard Self Storage.

For existing customers at the 150 Fairchild Avenue location, the change in ownership brings a focus on service continuity and enhancement. Giannola noted the company's commitment to a smooth changeover, stating, "Our team is focused on ensuring a seamless transition while enhancing the customer experience through Storage Post's operational platform and service standards."

Given that self-storage tenants have a high retention rate, with an average stay of nearly 19 months, a seamless transition is crucial for retaining the existing customer base. Storage Post's emphasis on operational excellence and customer service, combined with the facility's advanced climate control systems, aims to build on the foundation of the previous operator and solidify its position as a leading provider in the Plainview community.