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**JLL Arranges $47M First Mortgage for Storage Facility in Manhattan’s East Village**
JLL Capital Markets has secured a $47 million first mortgage loan for Storage Post East Village, a newly repositioned, Class A, climate-controlled self-storage facility located at 444 East 10th Street in Manhattan’s East Village.
The financing was arranged by JLL’s Senior Managing Director Steven Klein and Senior Director Robert Tonnessen on behalf of the borrower, a wholly owned subsidiary of storage operator and developer Storage Post, LLC. The loan was provided by Nuveen Real Estate.
Located in one of Manhattan’s most supply-constrained residential neighborhoods, Storage Post East Village was acquired in 2022 by Storage Post and its equity partner, Almanac Realty Investors. As of 2025, the facility is 91.2% occupied.
Originally constructed in 1928 as the historic Wheatsworth Building, the property has undergone a comprehensive modernization. It now features 78,812 rentable square feet comprised of 1,959 fully climate-controlled storage units.
“This financing reflects the strong fundamentals of a premier storage asset in Manhattan’s undersupplied East Village market,” said Steven Klein. “Nuveen recognized Storage Post’s exceptional repositioning and the facility’s continued growth potential.”
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