Clutter, the fast growing tech-enabled storage company that lets clients store extra stuff without actually leaving their house, has inked a deal for 450,000 s/f of space in New Jersey.
After raising over $96 million in funding, according to Crunchbase, the California-based company has outgrown the North Bergen facility it leased two years ago, according to Andrew Stypa, the Cushman & Wakefield broker who, along with Daniel Badenhausen, has helped Clutter open outposts in Northern and Southern California, and Seattle over the past two years.
The duo brokered a full-building industrial lease for Clutter at 1065 Cranbury South River Road in South Brunswick, a newly constructed facility launched as a speculative development by IDI Logistics.
Cushman & Wakefield’s Jason Goldman, Andrew Siemsen and Marc Petrella served as landlord representative for IDI Logistics in the long-term lease.
Founded in 2015, Clutter currently operates in seven major cities, including Los Angeles, New York, San Francisco and Chicago.
“The storage industry generates a reported $38 billion in annual revenue, and within this sector, Clutter is carving a distinctive niche from a service perspective,” Stypa noted, adding that the new facility will accommodate additional in-place growth.
Doug Armbruster, Senior Vice President and Regional Director with IDI Logistics says, “We are excited about the Clutter story, and we’re thrilled to be part of their growth in the New York/New Jersey market. A full-building lease to Clutter prior to construction completion speaks to the quality of our product and the strength of the New York/New Jersey market.”