StorageMart, which operates more than 190 self-storage properties in Canada, the United Kingdom and the United States, has purchased Midway Storage in Chicago. It’s the company’s 10th property in the metropolitan area.
The five-story facility at 4906 W. Madison St. comprises 30,000 square feet of storage space in 462 units. It contains a 5,300-square-foot drive-in loading bay, which is large enough to accommodate 15 cars, according to a company press release. Plans to restore and update the property include preserving the historic tiles on the building’s exterior, adding efficient lighting, renovating the loading bay, repairing the roof, and updating the ventilation system.
“It’s a beautiful building, and we have plans to blend our interior renovations to complement this historic building, which was built in 1926,” said Tim Burnam, vice president of development and construction.
The property is among several reclaimed and renovated buildings within the StorageMart portfolio. The company also converted an abandoned grocery store in Overland Park, Kan., to self-storage in 2015.
Founded in 1999 and based in Columbia, Mo., StorageMart is privately owned and operated by the Burnam family, which has been in the storage industry for three generations. It serves more than 75,000 self-storage customers, and operates in Chinese, English, Punjabi, Quebecois French and Spanish.
Midway Storage operates a second facility in Chicago as well as one in Blue Island, Ill.
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