Metro Storage Joins Forces with ING Clarion

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Metro Storage LLC, which operates facilities under the name Metro Self Storage, announced a $250 million joint venture with real estate investment firm ING Clarion. The partnership will acquire and develop storage projects in select markets in the Midwest and Southeast. The new enterprise was launched with the $15 million acquisition of a 100,000-square-foot, climate-controlled facility in downtown Chicago.
 
Lake Bluff, Ill.-based Metro Storage is a fully integrated real estate company specializing in the development, acquisition and management of self-storage facilities. It has owned and operated facilities in the Midwest and Southeast since 1973. More information about the firm is available at www.metrostorage.com.

Founded in 1982, ING Clarion and its affiliates manage almost $35 billion in assets in the private equity, public equity, and public debt sectors of the real estate market. Headquartered in New York, the company has 750 employees in major markets throughout the United States. For more information, visit www.ingclarion.com.

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