Storage Express, which operates 92 self-storage locations in five states, has acquired its second facility in Fort Wayne, Ind. Located at 4501 Newaygo Road, the 50,000-square-foot building recently received several security upgrades, including a new access-control system and video cameras. Storage Express also converted the former management office into a 24-hour rental center.
“We’re looking forward to continued growth in this northern region of Indiana. Our rentals are centralized out of our Bloomington headquarters 24-hours a day by our Storage Express team. And our local field service reps keep this and all of our properties in top-notch shape,” said Jefferson Shreve, president.
Storage Express was represented in the transaction by Jesse Luke, a partner with EquiCap Commercial, an Illinois-based brokerage firm specializing in self-storage. The Arizona-based seller was represented by Bill Alter, a broker with Phoenix-based Rein & Grossoehme, a commercial real estate agency specializing the sale of investment properties.
Storage Express has opened three total locations in Indiana in the past year, according to a press release. Founded in 1992, the company owns and operates self-storage properties in Illinois, Indiana, Kentucky, Ohio and Tennessee. It has offices in Bloomington, Indianapolis and Jeffersonville, Ind.