Red Dot Storage Acquires 2 Stor Tek Self-Storage Facilities in Illinois

Colorado-based Red Dot Storage has purchased two Illinois self-storage facilities from Stor Tek. The properties in Monee and Richton Park, Ill., have a combined 270 storage units as well as vehicle-parking spaces.

Colorado-based Red Dot Storage has purchased two Illinois self-storage facilities from Stor Tek. The properties in Monee and Richton Park, Ill., have a combined 270 storage units as well as vehicle-parking spaces.

In February, Red Dot acquired the five-property DeKalb County Self Storage portfolio in Illinois. The facilities in Cortland, DeKalb, Malta and Sycamore have a combined total of 250,000 rentable square feet of storage space in approximately 1,600 units.

Red Dot was also recently identified as one of eight independent self-storage operators expected to grow significantly in 2015 by SpareFoot, an online marketplace for self-storage consumers. The company’s goal is to purchase more than 50 facilities in the north-central states this year, according to “The SpareFoot Storage Beat.”

The Red Dot brand is operated by Boulder, Colo.-based Sparkplug Capital LLC. Launched in 2013, it owns and operates 22 storage properties in Illinois and Wisconsin.

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