Update 11/26/14 – Metro Storage has opened its newly converted self-storage facility in Bannockburn, Ill. The new facility includes 383 interior, climate-controlled units. Two additional buildings are under construction and scheduled to be complete in February. The new structures will add 314 units. Once finished, the facility will add 75,175 rentable square feet of storage space to Metro’s portfolio.
“There is strong demand for self-storage in the Chicago area and elsewhere,” Nagel said. “This is an exceptional facility in a great location to meet the storage needs of the surrounding community.”
4/7/2014 – Metro Storage LLC, which operates more than 75 self-storage facilities in 11 states, plans to convert the former Sears Parts and Repair Center building in Bannockburn, Ill., to a Metro Self Storage facility. The company will use the property’s existing 54,000-square-foot building and add two single-story buildings for a total of 97,500 gross square feet and 700 units. The demolition and conversion begin this month.
Slated to open in the fourth quarter of this year, the new store at 1951 Waukegan Road will include climate-controlled drive-up units and interior loading docks.
The project will be Metro’s 17th store in the Chicago area. It will serve the towns of Bannockburn, Deerfield, Highland Park, Lake Forest, Lincolnshire, Riverwoods and other surrounding communities.
“We’re excited to expand our presence in Chicago’s North Shore suburbs,” said Matthew Nagel, chairman. “This is an outstanding location in an exceptional community. The property has great visibility from a major thoroughfare and the building is well-suited for conversion to self-storage.”
Headquartered in Lake Forest, Ill., Metro Storage is a privately owned, fully integrated real estate operating company specializing in the development, acquisition and management of self-storage facilities nationwide.