StorageMart, which operates more than 200 self-storage properties across Canada, the United Kingdom and the United States, is expanding two locations in Lee’s Summit, Mo. Once complete, the projects will add 135,000 net rentable square feet in nearly 1,400 climate-controlled units to the company’s portfolio, according to a press release. StorageMart also operates a third facility in the city at 465 S.E. Oldham Parkway.
The expansion plans include 75,000 square feet for the property at 24610 E. U.S. Highway 50 and 60,000 square feet for the site at 3920 S. State Route 291. Both sites include indoor loading bays, motion-censored lighting, perimeter fencing, keypad access, and video cameras.
These projects represent only a portion of the company’s growing footprint in Metro Kansas City, in which it operates more than 30 locations. Since 2016, StorageMart has added 66,000 square feet of storage to the area. In addition, three new developments totaling 146,000 square feet are slated for completion by 2020 throughout Greater Kansas City, the release stated.
“The Lee's Summit submarket is a key area of focus for our Greater Kansas City investment strategy,” said Alex Burnam, head of real estate acquisitions and development. “This additional square footage will serve to increase StorageMart's already dominant market share within Lee's Summit and Greater Kansas City, allowing us to continue providing best-in-class storage solutions for our customers throughout the area.”
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. Its portfolio consists of more than 12 million square feet of storage. It serves more than 75,000 self-storage customers, and operates in Chinese, English, Punjabi, Quebecois French and Spanish.