Safeguard Self Storage Buys 2 Properties for Planned Chicago Expansion in 2015

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Safeguard Self Storage purchased a plot of land in the West Rogers Park neighborhood of Chicago last month and is expected to close on another city parcel later this month as part of a targeted expansion effort. New facilities will be constructed at both sites and are scheduled to open in 2015. Safeguard currently operates 10 locations in the Chicago area.

Once open, the West Rogers Park facility at 6014 California St. will mark the company’s 67th location nationwide and be comprised of 51,775 square feet in 717 storage units. Amenities will include heated and air-conditioned spaces, a drive-up loading area, computerized access and video cameras. The second property is on North Sheridan Road and is expected to house a larger facility, company officials said in a press release. Both properties are near downtown.

"The West Rogers Park store, like all of our Chicago facilities, will be designed to provide an exceptional customer experience,” said Jim Goonan, senior vice president of development. “This new facility will complement our product offering in Illinois and demonstrates our commitment to, and confidence in, this burgeoning market. The design of the façade of this store has been modified and upgraded to fit in with the neighborhood the company is joining.”

Headquartered in Atlanta, Safeguard Self Storage was founded in 1989 and currently operates 63 facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. The company is owned and operated by Morgan Stanley’s Prime Property Fund.

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