Tag: sunrise highway

A newly built self-storage facility has opened in Copiague. 

The three-story, 108,201-square-foot building is on 1.9 acres at 1550 Sunrise Highway. The site was formerly occupied by a 32,400-square-foot building occupied by Pets Warehouse. 

The property had been acquired by Lake Success-based SNL Storage for $5.2 million in Jan. 2024, as first reported by LIBN. But the Copiague facility was ultimately developed by Atlanta-based Ardent Companies (Ardent) and Ironwood Development Partners. The facility, which is managed by Extra Space Storage and has 970 storage units along with 340 lockers, is Ardent’s first Long Island property. 

“Our expansion into Long Island underscores the opportunity to partner with experienced local teams that share our commitment to quality and execution,” Ricardo De Rojas, managing director for Ardent, said in a company statement. “Ironwood’s market knowledge and aligned vision were instrumental in bringing this project to life.” 

The Copiague project’s development team included Huntington Station-based Park East Construction as general contractor, Center Moriches-based Michael Sudano Architect, and Huntington-based R&M Engineering as civil engineer. 

“Long Island continues to face persistent undersupply, and this project delivers a needed solution for residents, seasonal visitors and businesses,” Blair Sweeney, founder and president for Ironwood Development Partners, said in the statement. “This development is well-positioned for success given its location, highway access and strong market fundamentals.” 

The Copiague facility is one of the final assets delivered as part of Ardent’s Self-Storage Development Fund II, which has completed nine of 11 development deals, according to the company.  

“Ardent’s self-storage development strategy is focused on bringing durable, Class-A product to infill markets with significant demand and limited supply,” Thomas Olson, head of Self-Storage Strategy for Ardent, said in the statement. “Fund II’s performance is a testament to our team’s disciplined sourcing approach, meticulous underwriting and well-established local partnerships.” 

Earlier this year, Ardent launched Self Storage Development Fund III, which seeks to raise $150 million to support the ground-up development of Class-A self-storage projects in high-demand, supply-constrained U.S. markets. The new fund’s pipeline includes 11 sites totaling about 1 million rentable square feet, the company said.