The Lock Up Self Storage, which operates 45 facilities in eight states, is converting a former Graymills Corp. manufacturing plant in Chicago to self-storage. The property at 3705 N. Lincoln Ave. in the North Center neighborhood is unusual in that it consists of two buildings separated by railroad tracks operated for the Chicago Transit Authority Brown Line. One of the buildings dates to 1870, according to the source.
Graymills, which manufactures industrial pumps and inking systems, vacated the building in 2016. It moved to Broadview, Ill., after more than 70 years in Chicago, the source reported.
The Lock Up operates six storage facilities within the Chicago city limits. It acquired the North Center property for $7.35 million.
The Lock Up is the operating brand of family-owned Lock Up Development Group, an affiliate of BRB Development LLC, which has offered self-storage services since 1976. The company owns 45 self-storage facilities in Connecticut, Florida, Hawaii, Illinois, Massachusetts, Minnesota, New Jersey and New York. Its portfolio comprises more than 3 million square feet of storage space.