Update 10/24/14 – Safeguard Self Storage has purchased another land parcel in Chicago that will be home to its 14th self-storage facility in the metropolitan area. The property on West 95th Street is in the Beverly neighborhood. The facility will comprise 58,000 square feet in 790 storage units.
Facility features will include climate control, a drive-up loading area, computerized gate access and video cameras. The facade will be designed to blend into the surrounding neighborhood, company officials said in a press release.
When completed, the asset at 1909 W. 95th St. will be Safeguard’s 74th location.
10/10/14 – Safeguard Self Storage, which operates about 70 facilities in six states, recently purchased a land parcel on North Clybourn Avenue in Chicago that will be home to its 13th location in the Windy City. The company is actively expanding its presence in the area, with two other facilities currently under construction.
“The Chicago area is a great market for Safeguard and will provide the company with the opportunity to increase its critical mass in this city,” said Allan Sweet, CEO. “We consider our growth in Chicago as an important next step for the company.”
The Clybourn Avenue property will house a 68,000-square-foot facility offering 880 storage units. The site will include climate control, a drive-up loading area, computerized gate access and video cameras. The facade will be designed to blend into the surrounding neighborhood, company officials said in a press release.
“This store, similar to all our Chicago facilities, will fill a real need in this dense urban area of the city,” said Ken Finlay, senior vice president of operations.
The two facilities under construction are in the neighborhoods of Uptown and West Rogers Park. Both properties are near downtown. The facility at 6014 California St. will be comprised of 51,775 square feet in 717 storage units. Officials previously said they expected the Uptown facility on North Sheridan Road to be larger.
All three sites are expected to open in 2015, according to Jim Goonan, senior vice president of development.
Founded in 1989 and headquartered in Atlanta, Safeguard Self Storage operates facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. The company is owned and operated by Morgan Stanley’s Prime Property Fund.