Bloomington, Ind.-based Storage Express has acquired Store N Lock self-storage in Indianapolis, bringing its total number of locations in the Indy Metro area to five. The 35,000-square-foot facility is on the southwest side of the city, right off of I-465, near I-70 and the Indianapolis International Airport.
Storage Express intends to upgrade the property with new security and access-control features, a 24-hour rental center, and other amenities common to the company's portfolio, it announced in a press release.
Storage Express owns and operates more than 80 self-storage properties across Indiana, Illinois, Kentucky, Tennessee and Ohio. The company has opened several locations over the past year and has plans for new construction in several markets in 2014. In June, it acquired D-V Storage in Anderson, Ind. Earlier in the year, it purchased Palm Storage in Richmond, Ind., and a three-property portfolio of properties in Sidney, Ohio, from Lock-It-Up Storage. The company is actively pursuing more acquisition and ground-up development opportunities.