Bloomington, Ind.-based Storage Express has acquired Community Storage in Indianapolis. This purchase marks the companys sixth Indianapolis-area location and is about five miles from its recently acquired Mann Road property, purchased in November.
The 37,000-square-foot facility on Lynhurst Drive is on the southwest side of the city, along I-70 and near the Indianapolis International Airport. Storage Express will upgrade the property with new security and access-control features, a 24-hour rental center, and other amenities common to the company's portfolio.
Storage Express owns and operates more than 80 self-storage properties across Indiana, Illinois, Kentucky, Tennessee and Ohio. The company has opened several locations over the past year and has plans for new construction in several markets in 2014.
In November, it acquired Store N Lock self-storage in Indianapolis. Earlier in the year, it purchased D-V Storage in Anderson, Ind.; Palm Storage in Richmond, Ind., and a three-property portfolio of properties in Sidney, Ohio, from Lock-It-Up Storage. The company is actively pursuing more acquisition and ground-up development opportunities.