Leitbox Storage Partners, a self-storage investment and development firm that sponsors Regulation D private placement offerings, announced that they sold a development project in Eatontown, New Jersey.
The property’s sale price was undisclosed.
Leitbox says the property is a fourth generation, 100% climate-controlled property consisting of a nearly 90,000-square-foot development.
According to Leitbox, the sale is a completion of a programmatic development of a 3-story ground up development and sale continuing the successful execution of the execution of the Leitbox business plan.
“The disposition of this asset represents another successful execution of our business plan from start to finish,” said Bill Leitner, managing principal of Leitbox Storage Partners. “We are excited to see the completion of not only the project but the successful sale of the asset at essentially certificate of occupancy.”
Leitbox Storage Partners is a real estate investment company that develops and acquires self-storage, often with mixed use and retail integration, in primary and secondary markets throughout the United States.