Metro Storage LLC, which operates more than 135 self-storage properties in 14 states, has opened new facilities in Buffalo Grove, Ill., and Chadds Ford, Pa. Together, the properties comprise 168,000 net rentable square feet in 1,784 units. Both include climate-controlled units and interior loading bays, according to a press release.
The Buffalo Grove location at 847 Deerfield Parkway opened on Nov. 19. The three-story facility comprises 85,000 rentable square feet in 850 units. The site is Metro’s 24th in the Chicago area. It’ll also serve the communities of Lincolnshire and Long Grove.
The Chadds Ford property opened on Nov. 8 at 16 Wilmington West Chester Pike, or Route 202. Near the Pennsylvania/Delaware border, the multi-story facility comprises 83,000 rentable square feet in 934 units, with freight-style elevators and drive-up buildings. It’s Metro’s 10th location in Pennsylvania.
“These are exceptional stores in great markets,” said Marty Gallagher, president. “Both these stores are located in areas with strong demographics, excellent visibility, and features that will serve the storage needs of the surrounding communities.”
The properties were developed in partnership with Fremont Realty Capital, the real estate, private-equity affiliate of the Fremont Group in San Francisco.
Headquartered in Lake Forest, Ill., Metro Storage operates the Metro Self Storage brand. The privately owned, fully integrated real estate company specializes in the acquisition, development and management of self-storage facilities in Brazil, Central America and the United States. Its facilities comprise about 8.7 million square feet of storage space.