\nJLL Capital Markets arranged a $47-million first mortgage loan for Storage Post East Village, a newly repositioned, Class A, climate-controlled, self-storage facility located at 444 E. 10th St. in the East Village. Senior managing director Steven Klein and senior director Robert Tonnessen represented the borrower, a wholly owned subsidiary of self-storage owner operator and developer Storage Post, LLC. The loan was provided by Nuveen Real Estate.<\/p>\n
Situated in one of Manhattan\u2019s most supply-constrained residential submarkets, Storage Post East Village was acquired by Storage Post and its equity partner Almanac Realty Investors in 2022. As of 2025, the location is 91.2% occupied.<\/p>\n
Originally built in 1928 as the Wheatsworth Building, the landmarked building was comprehensively modernized. Today, it comprises 78,812 rentable square feet across 1,959 fully climate-controlled units.<\/p>\n
\u201cThis financing reflects the strong fundamentals of a premier storage asset in Manhattan\u2019s undersupplied East Village market,\u201d said Klein. \u201cNuveen recognized Storage Post\u2019s exceptional repositioning and the facility\u2019s continued growth potential.\u201d<\/p>\n
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