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Safeguard Self Storage Acquires 10th Facility in Chicago Market


Safeguard Self Storage expanded its presence in the Chicago market this month with the acquisition of its 10th area location. The McCook, Ill., facility is Safeguard's 63rd store nationwide and offers 698 storage units in a variety of sizes, with modern security features and amenities, company officials said.

Facility offerings include heated and air-conditioned space, a drive-in loading area, computer-controlled access to the building and digital video recording of the property. It has 70,000 square feet of leasable space.

"Because of Safeguard's strong capital position, we were able to complete the acquisition in just 41 days from execution of the contract to closing," said CEO Allan Sweet. "This new store complements the company's aggressive development of new locations from new construction."

"We look forward to getting to know and serve the residents and business people of McCook Village," added Ken Finlay, vice president of operations. "It's a great community, and we're proud to be part of it."

The McCook store team is led by Gil Beres, manager, and Sharon Looney, assistant manager.

Headquartered in Atlanta, Safeguard Self Storage was founded in 1989 and today operates facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. Safeguard is a privately held company owned by a real estate investment trust and managed by Morgan Stanley Real Estate Advisors.

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