Sort of Like the Sausage King of Chicago*

Sort of Like the Sausage King of Chicago*

Once upon a time, Brian Cohen and partners entered the self-storage space. They improved the marketing, adapted certain technology, and streamlined operations. Lo and behold, Cohen has become one of the largest private self-storage operators in the United States. His tale — which includes trademarking the phrase “Storage King USA” — is herein. Also for today, a major lease by a major brand gives further hope to the Manhattan office market. (*A “Ferris Bueller’s Day Off” reference — ask a Generation X coworker.)

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— Tom Acitelli, Deputy Editor


Meet the 'Storage King' of the USA

If the COVID-19 pandemic made one thing very clear — aside from an increased appreciation for the little things in life — it’s that we all need a bit more space. With more than 330 million Americans hunkered in their homes for months at a time, the average house and apartment turned into a headquarters for virtually every daily activity that used to take place elsewhere. As dens grew into home offices, and family rooms turned into classrooms, clutter became a way of life rather than merely a byword, and perceptions around self-storage changed from being viewed as the industrial sector’s awkward second cousin into one of the hottest sub-asset classes in all of commercial real estate. One man had been waiting 20 years to pounce on the opportunity.

Read the story here


Ralph Lauren Renews 250K SF at Starrett-Lehigh Building

A paragon of the New York fashion world has bagged a deal in West Chelsea. Ralph Lauren renewed its 250,000-square-foot offices at the Starrett-Lehigh Building at 601 West 26th Street, the New York Post first reported. The 19-story building occupies an entire block between 11th and 12th avenues. Rents in RXR's building range from $60 to $79 per square foot, according to a source with knowledge of the deal. The length of the lease was unclear.

Read the story here


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Jason D'Agostino, CRME, CHIA

Revenue Management Leader @ Visions Hotels | Strategic Operations Expert

1 年

Congratulations Brian Cohen and #team

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