U-Store-It promotes 2 execs in Wayne, Pa. office

Datelines always catch my eye when I'm scanning the press release wires.

If it's local, I'll linger on the announcement. And so when one from a company called U-Store-It Trust the other day carried a dateline of Wayne, Pa., I did a double-take.

U-Store-It is a Cleveland-based real estate investment trust that owns and operates 394 self-storage sites in 26 states. On Monday, it promoted two executives, both of whom had worked for another REIT, Brandywine Realty Trust, in Plymouth Meeting.

Christopher Marr was promoted to president and chief investment officer from chief financial officer. Timothy M. Martin was promoted to chief financial officer from chief accounting officer. Both Marr and Martin worked from U-Store-It's offices on East Swedesford Road in Wayne.

While Cleveland is the corporate headquarters where CEO Dean Jernigan runs the day-to-day operations, Wayne is home to U-Store-It's accounting, finance and information technology functions, Martin said.

Marr left Brandywine to join U-Store-It in September 2006. Martin did the same, joining in December 2006.