Storage Express, which operates 88 self-storage properties in five states, recently converted a former h.h. gregg Inc. electronics store in Bloomington, Ind., into a climate-controlled self-storage facility. The property on Indiana State Road 46 is comprised of 30,000 square feet of storage space and is less than a mile from the Indiana University campus. The facility features controlled access, a rental center, unloading bays and video cameras that stream live footage to the company’s headquarters, also in Bloomington.
Storage Express has opened three locations in Indianapolis and two in Columbus, Ohio, over the past year. Another new facility will open in Lebanon, Ind., this month, according to a company press release.
In addition, the company’s founder, Jefferson Shreve, is developing a mixed-use project in Indianapolis. The development, which involves tearing down an old hotel, will include the company’s headquarters, a self-storage facility, and possibly a hotel or restaurant. Shreve purchased the 9-acre plot near Interstate 465 and U.S. Route 31 in November for $1 million at a lender-ordered online auction, according to the source. Two other Illinois properties were included in the purchase price.
Founded in 1992, Storage Express owns and operates self-storage properties in Illinois, Indiana, Kentucky, Ohio and Tennessee.