Inside Self-Storage is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Compass Self Storage Enters Chicago Market With Acquisition of Lansing, IL, Facility

Article-Compass Self Storage Enters Chicago Market With Acquisition of Lansing, IL, Facility

The Amsdell family of companies has acquired a self-storage facility in Lansing, Ill., marking the entry of Compass Self Storage LLC into the Greater Chicago market. The property at 2556 Bernice Road has more than 62,000 net rentable square feet and offers drive-up access, climate-controlled units, outdoor storage, truck rental and a full line of moving supplies.

Update 8/21/13 The Amsdell family of companies has acquired Great American Storage Solutions, a self-storage facility in Lansing, Ill. The acquisitions marks the entry of Compass Self Storage LLC into the Greater Chicago market. Opened in 2008, the property at 2556 Bernice Road has more than 62,000 net rentable square feet and offers drive-up access, climate-controlled units, outdoor storage, truck rental and a full line of moving supplies. It encompasses 532 storage units, 428 of which are climate-controlled.

Great American Storage Solutions in Lansing, Ill.***The acquisition is the companys seventh this year and expands the Compass footprint to its 10th state. "We are thrilled to be able to offer self-storage solutions to our new customers in Lansing to become an active part of the business community," said Todd Amsdell, president.

Sean M. Delaney, a vice president of investments in the Chicago Oak Brook office of Marcus & Millichap Real Estate Investment Services and a director in the firms National Self Storage Group, represented the seller, a limited liability company, and Amsdell Cos. in the transaction.

Headquartered in Cleveland, the Amsdell Cos. draws its roots from the family-owned construction company founded in 1928. The company, which owns and operates self-storage properties in Florida, Georgia, Illinois, Kentucky, Michigan, Mississippi, New Jersey, Ohio, Pennsylvania and Tennessee, has since been active in several billions of dollars worth of real estate ventures with a primary focus in self-storage.

Marcus & Millichap has more than 1,000 investment professionals in offices nationwide and closed more than 6,100 transactions last year.

Sources:

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish