Tulfra Real Estate, a Rochelle Park-based real estate and development company, announced the recent opening of Jersey City Self Storage, located at 300 Thomas McGovern Drive, as the self-storage sector continues to surge in New Jersey.
The opening marked the completion of the first phase of the Jersey City Self Storage facility, housing 797 climate-controlled storage units and offering 115,000 square feet of space across six stories. When the three-phase build is complete, the project will total 260,000 square feet.
Representatives from Fulton Bank, the project’s lender, and JLL Capital Markets, which arranged the financing, joined Jersey City Mayor Steven Fulop, local officials, community leaders, and project partners to commemorate the opening. Public Storage is the leasing agent and manager of the facility.
New Jersey is a sought-after market for self-storage providers because of its high population density and urban housing constraints, stable occupancy and rental trends. Major operators such as CubeSmart, Extra Space Storage, and SmartStop all have facilities in New Jersey.
The U.S. self-storage market reached $33.8 billion in revenue in 2024, with a 10.9% annual growth rate over the past three years.
“This is a milestone not only for Tulfra but also for the Jersey City community,” said Sonny Jumani, president and CEO of Tulfra Real Estate. “We are proud to transform this former industrial site into a best-in-class storage facility that will serve thousands of residents and businesses in one of the fastest-growing markets in the nation.”
Jersey City Self Storage is one mile from Exchange Place and the PATH station, with nearby and quick access to Manhattan and downtown Brooklyn.
The opening of Jersey City Self Storage adds to Tulfra’s growing self-storage portfolio, which now exceeds 1 million square feet of developed facilities across northern New Jersey. It also reflects the company’s broader mission of redeveloping underutilized sites into valuable, income-generating community assets.
