Metro Storage LLC Opens Two New Self Storage Facilities
For Immediate Release
LAKE FOREST, IL December 10, 2019 – Metro Storage LLC announced the recent opening of two new state of the art self storage stores in Line Lexington, Pennsylvania and Westhampton Beach, New York.
The Line Lexington store, located at 4671 County Line Road in Line Lexington, Pennsylvania is a two-story facility that offers 107,008 GSF / 79,383 RSF of climate-controlled storage. The state-of the-art facility has 785 climate-controlled storage units and features large interior loading bays, elevators, state of the art security, and a contemporary retail office.
The two-story design allows excellent visibility from Route 309/Bethlehem Pike, a major north-south highway that serves 42,000 vehicles per day. It is the 11th Metro store in Pennsylvania.
The Westhampton Beach, New York facility located at 105 Old Riverhead Road is a 689-unit, three-story, 100% climate controlled self-storage building encompassing 103,000 GSF / 77,000 RSF. Located on a highly traveled thoroughfare and adjacent to the Westhampton station of the Long Island Railroad, the store features climate-controlled storage, large interior loading bays, elevator access, state of the art security, and a large, modern retail office. This is the 5th Metro store in New York.
“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 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 and Central America. Metro operates under the trademark “Metro Self Storage” in the US, and is one of the top 10 largest owner/operators of self-storage facilities in the United States with over 140 stores covering 14 states. Metro Storage International (MSI) has an affiliate/partner in Central America which 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.