Newmark’s Aaron Swerdlin and Kenneth Cox, co-heads of the Newmark Self Storage Group, represented the seller on the transaction. “The strength of the portfolio, given the quality of well-maintained assets and immediate cash flow, created an attractive investment opportunity that will provide consistent revenue growth for many years. The offering was highly competitive and SpareBox was extremely diligent and professional,” mentioned Cox. “It’s rare to find concentrated geographic mass like this portfolio,” commented Swerdlin. “The opportunity to expand into new markets with a meaningful foundation of assets was extremely attractive to the market and we’re excited to see SpareBox broaden the markets into which it will continue to target growth. I echo Kenneth’s comment that the SpareBox team was great to work with and were very professional buyers.”

As Treasury yields pushed higher after a hawkish tilt from the Federal Reserve last week, some of the world’s largest technology companies continued to get hit.

A selloff in bonds sent the rate on the benchmark 10-year note briefly above 1.5% -- a level not seen since June. That’s prompted the tech-heavy Nasdaq 100 of powerhouses such as Apple Inc. and Microsoft Corp. to underperform major equity benchmarks on Monday. Meantime, economically sensitive companies -- like small caps, energy and financial shares -- advanced.

Stocks were mixed Monday as investors closely monitored developments in Washington, D.C., as lawmakers rush to try and avert a government shutdown and advance a bevy of new measures.

The S&P 500 fell to give back some gains after the blue-chip index posted a three-day winning streak at the end of last week. The Nasdaq lagged with a drop of more than 0.8% as Treasury yields climbed. The benchmark 10-year yield extended last week's gains to top 1.48%, reaching its highest level since June as optimism over the economic recovery mounted. The Dow added about 0.1%.