A building that houses a Toys R Us store in Cincinnati will be converted into Glenway Storage, a 600-unit self-storage facility, by John Imbus, general partner of Imbus Enterprises Limited Partnership. Imbus plans to spend $2 million on conversion of the approximately 120,000-square-foot retail building. The new climate-controlled storage facility is expected to open in May or June.
Imbus Enterprises purchased the building from Kimco Realty Corp. on Jan. 7 for $1.13 million, according to Hamilton County property records. Imbus worked with self-storage consultant RK Kliebenstein, founder and president of Atlantis, Fla.-based Coast-To-Coast Storage, to determine if the building was a good fit for the use.
Imbus Enterprises also operates nearly 250,000 square feet of storage space at three other storage facilities: Fairfield Storage, Milford Storage and Milford Self Storage.