FINANCIAL_SERVICESAPPROVED

Township of Pennsauken Awards Financial Services Contract to Extra Space Storage (July 2026)

Pennsauken approved a five-year tax abatement agreement with Extra Space Storage for improvements valued at $10.8 million at 4615 N. Crescent Boulevard. Beginning in 2027, the company will pay a phased share of taxes on the improvements, rising from 0% to 80% by 2031.

Status
APPROVED
Document date
July 16, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Extra Space Storage
Agency
Township of Pennsauken · NJ

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
FINANCIAL_SERVICES
Contract term
Five-year tax abatement schedule from January 1, 2027 through December 31, 2031
Renewal date
2031-12-31
Renewal
Abatement schedule runs 2027–2031 with escalating payments of 0%, 20%, 40%, 60%, and 80% of taxes on improvements; any further relief beyond year five would require a new agreement.
Document type
AgendaPacket
Source document
Township of Pennsauken Agenda Packet 2026-07-16

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Township of Pennsauken?

Extra Space Storage was awarded this financial services contract by Township of Pennsauken, as recorded on July 16, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Township of Pennsauken Agenda Packet 2026-07-16 (AgendaPacket), dated July 16, 2026 from Township of Pennsauken. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Extra Space Storage hold?

Extra Space Storage may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Township of Pennsauken currently buying?

Explore Township of Pennsauken's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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