SOURCE: U-Store-It Trust

U-Store-It Trust

May 04, 2010 16:45 ET

U-Store-It Becomes National Storage Partner for Penske Truck Rental

Select U-Store-It Locations Across the Country to Begin Renting Penske Trucks to Customers

WAYNE, PA--(Marketwire - May 4, 2010) -  U-Store-It Trust (NYSE: YSI) today announced that it is now a National Storage Partner for Penske Truck Rental and will begin renting Penske trucks at select locations across the country for moves across town or to anywhere in the United States. The addition of full-service moving truck rentals complements U-Store-It's self storage solutions and packing and moving supplies.

"Having a trusted rental partner like Penske will enhance our ability to better serve our customers with their moving and storage needs," said Guy Middlebrooks, Director of Operations for U-Store-It. "Penske and U-Store-It share similar customers, and having reliable trucks available at our self storage locations, in addition to quality packing supplies and storage options, will make it easier for all of our customers to take care of their local or national moves. Penske has an outstanding reputation for providing safe, well-maintained vehicles, and we are pleased to work with them to help make our customers' moves stress-free."

"Self storage and truck rentals go hand-in-hand, and with U-Store-It, we can offer both through a single, convenient location," said Don Mikes, Vice President -- Consumer Rental, Penske Truck Leasing. "Our companies are focused on meeting the needs of our customers, and working together, we provide a variety of complementary products and services that can make moving a home or relocating an office faster and easier. We look forward to adding new locations to our family of agents and to a mutually beneficial relationship with U-Store-It."

For more information on renting a Penske truck from a U-Store-It location, visit www.ustoreit.com or call 1-800-U-STORE-IT.

About U-Store-It

U-Store-It Trust is a self-administered and self-managed real estate investment trust. The Company provides self storage solutions across the country. U-Store-It owns and or manages 459 facilities across the United States, and operates the U-Store-It Network, which consists of approximately 776 additional self storage facilities. The Company's self storage facilities, storage space and storage solutions are designed to offer affordable, easily accessible, secure, and in most locations, climate-controlled storage space for residential and commercial customers, as well as boat storage and mini storage. According to the 2009 Self Storage Almanac, U-Store-It Trust is one of the top four owners and operators of self storage facilities in the U.S. For more information, visit www.ustoreit.com.

About Penske

Penske Truck Rental is a service of Penske Truck Leasing. With one of the newest fleets, Penske Truck Rental provides do-it-yourself movers with clean, safe and reliable trucks as well as moving equipment, packing supplies and accessories.

Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture among Penske Corporation, Penske Automotive Group and General Electric. A leading global transportation services provider, Penske operates more than 200,000 vehicles and serves customers globally from more than 1,000 locations. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, transportation and warehousing management, and supply chain management solutions. Visit www.GoPenske.com for more information.

Contact Information

  • Contact:
    U-Store-It Trust
    Timothy M. Martin
    Chief Financial Officer
    (610) 293-5700