Metro Storage LLC, which operates more than 90 self-storage locations in 11 states, has acquired a former electronics store in Springfield, N.J., a suburb of New York City, which it plans to convert to a Metro Self Storage facility. It will be one of the newer projects constructed in the area during the past 10 years, according to a company press release.
Slated to open in the fourth quarter of 2015, the property at 22 Route 22 will include 85,000 rentable square feet of climate-controlled storage space and 900 interior units. The conversion will involve raising the roof on one section of the building to add a second story; creating a two-floor mezzanine in another section of the building; and converting the remaining portion to single-story storage, the release stated. Property highlights will include security, two sets of elevators, four drive-in loading bays and a large business office.
“The Springfield site will be the sixth Metro store in the New York/New Jersey market,” said Matthew Nagel, chairman. “We’re looking forward to expanding our brand in that area.”
Metro Storage has purchased several properties in the past year for self-storage conversion projects. The company recently opened a self-storage conversion project in Bannockburn, Ill. The facility includes 383 interior, climate-controlled units. Two additional buildings are under construction and scheduled to be complete in February.
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.