Metro Storage LLC today announced the acquisition of an existing 54,000 square foot building in Bannockburn, IL, for conversion to a state-of-the-art Metro Self Storage® facility. Demolition and conversion of the former Sears Parts and Repair Center is scheduled to begin in April.
In addition to the existing building, two new buildings will be developed on the property for a total of 97,500 gross square feet of single story traditional and climate controlled storage. Highlights of the new store include climate controlled drive-up units and interior loading docks.
The new store, located at 1951 Waukegan Road in Bannockburn, IL, will be the 17th Metro Self Storage® store in the Chicago area. “We’re excited to expand our presence in Chicago’s North Shore suburbs,” said Matthew Nagel, Chairman of Metro Storage LLC. “This is an outstanding location in an exceptional community. The property has great visibility from a major thoroughfare and the building is well suited for conversion to self storage.” The new 700 unit store is scheduled to open in the fourth quarter of 2014 and will serve the towns of Bannockburn, Deerfield, Highland Park, Lake Forest, Lincolnshire, Riverwoods and other surrounding communities.
About Metro Storage LLC
Metro Storage LLC, operating under the trademark Metro Self Storage®, is a privately owned, fully integrated real estate operating company specializing in the development, acquisition and management of self-storage facilities nationwide. Headquartered in Lake Forest, Illinois, the company is the 11th largest operator of self-storage facilities in the United States with over 75 stores in 11 states. More information about the firm is available at https://www.metrostoragecorporate.com.