It’s the company’s 10th property in the metropolitan area
December 21, 2016:
Founded in 1999 and based in Columbia, Mo., StorageMart, which operates over 190 self-storage
properties in Canada, the United Kingdom and the United States, has acquired Midway Storage in Chicago.
“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 five-story facility has 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.
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.