Metro Storage LLC Opens Two New Self Storage Facilities in Chicago Market
For Immediate Release:
LAKE FOREST, IL July 17, 2018 – Metro Storage LLC announced the opening of two new state of the art self storage stores in the Chicago suburbs of Addison and Naperville. Developed in partnership with Fremont Realty Capital, the addition of these new ground up developments brings the total number of Metro stores in the Chicagoland area to 23.
“We opened our first store in the Chicago area back in 1973, so it’s exciting to continue that 45-year tradition with these new developments.” said Blair Nagel, CEO of Metro Storage LLC.
The Addison store, located at 1951 W. Lake Street, opened on March 19, 2018. The modern 744-unit facility encompasses 77,525 RSF and offers top notch features and amenities including: 100% climate control units, large interior loading bays, multiple elevators, state of the art security, and a large modern retail office.
The Naperville store, which opened on July 2, 2018, is a 575-unit, single story facility with 74,988 RSF. Located at 1752 N. Aurora Road in Naperville, the new facility is a mix of climate and non-climate-controlled units, and interior and drive-up accessible units. Additional features of the store include a large interior loading bay, state of the art security, and a modern retail office.
“We’ve had great success in the Chicagoland market,” said Marty Gallagher, President of Metro Storage LLC. “Both of these stores are located in areas with strong demographics, excellent visibility, and features that will serve the storage needs of the surrounding communities.”
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA, Brazil, and Central America. Metro operates under the trademark “Metro Self Storage” in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 130 stores covering 14 states. Metro Storage International (MSI) has an affiliate/partner in Brazil which operates under the trade name “MetroFit”, one of the fastest growing self-storage companies in Brazil. MSI’s affiliate/partner in Central America operates under the trade name “Mr. Bodeguitas”, and is Central America’s leading self-storage operator with locations throughout Guatemala, El Salvador, and Costa Rica. More information about the firm is available at www.metrostoragecorporate.com.
About Fremont Realty Capital
Fremont Realty Capital (“FRC”) is the real estate private equity business unit of the Fremont Group, the investment office of the Bechtel family of San Francisco. Since formation in 1997, FRC has provided its investors with superior risk-adjusted returns and value-creation through investments in non-traditional and traditional real estate sectors, both domestically and abroad. FRC has been has been investing in U.S. and European self-storage businesses since 1998. Its success is based on a disciplined investment strategy, enduring long term relationships with best-in-class operating partners, and the collective experience of the firm’s principals. FRC has made investments in 365 properties in 11 countries, totaling over $5 billion.