Tuesday , 20 March 2018
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NGKF’s Swerdlin Team Brokers $186M Package of Self-Storage

HOUSTON – NGKF Capital Markets has completed the sale of 13 self-storage properties for $186.4 million on behalf of its client, Harrison Street Real Estate Capital of Chicago.

The portfolio amounts to more than 1.1 million square feet in 13 properties – three in the Dallas area, six in New England, and four in California.

The properties were purchased by Sovran Self Storage, a REIT that operates under the name Uncle Bob’s Self Storage. Houstonian Aaron Swerdlin and Kenneth Cox led the national Capital Markets team representing Harrison Street.

“This transaction is notable for a number of factors,” said Swerdlin, executive managing director of NGKF Capital Markets. “The sale of the Harrison Street portfolio marks the biggest transaction to close so early in a year, and its high-quality assets provided Sovran Self Storage with an entry into the competitive Los Angeles market. It is a big step forward for the company, which has been looking to make the right entry into the LA market for some time.”

NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market. BGC Partners is led by Chairman and CEO Howard W. Lutnick.

Swerdlin’s team at NGKF has brokered $1.5 billion in mini-storage deals in the last 30 months.

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