Metro Storage LLC Opens New Chadd’s Ford and Buffalo Grove Self Storage Facilities in November
For Immediate Release
The Chadds Ford store, located at 16 Wilmington West Chester Pike (Route 202) in the Philadelphia suburb of Chadds Ford, opened on November 8th. Positioned on a major thoroughfare near the Pennsylvania/Delaware border, the 119,400 GSF state-of-the-art, multi-story, climate controlled, self-storage facility offers 83,000 RSF of storage. The 934-unit facility features interior loading bays, large, freight-style elevators, and drive-up units for ample loading options. It is the 10th Metro store in Pennsylvania.
The Buffalo Grove store opened on November 19th and is located at 847 Deerfield Parkway, in the northwest Chicago suburb of Buffalo Grove, Illinois. Adjacent to the Metra commuter train station, the new, three-story, 100% climate-controlled facility has 850 storage units encompassing 116,000 GSF / 85,000 RSF. Features of the new store include: interior loading bays, 100% climate-controlled storage, state of the art security and a large modern retail office. This facility is the 24th Metro store in the Chicago area and serves the Buffalo Grove, Lincolnshire and Long Grove communities.
“These are exceptional stores in great markets,” 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.”
Both stores – Chadds Ford, PA and Buffalo Grove, IL – were developed in partnership between Metro Storage LLC and Fremont Realty Capital.
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 135 stores covering 14 states. Metro Storage International (MSI) has an affiliate/partner in Brazil which operates under the trade name “MetroFit”. 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.