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U-Haul Acquires 13 Kmart, Sears Stores for Self-Storage, Truck-Rental Conversions
U-Haul operates more than 1,500 self-storage facilities across North America

February 6, 2019: Phoenix-based self storage operator U-Haul International Inc., has acquired Kmart properties in Springfield and Queensbury. Both the projects are expected to begin shortly.

The Clear Lake Road site was the last remaining Kmart operating in Springfield. U-Haul acquired the 12-acre property for $5.5 million. This facility will be U-Haul’s third in the city. Once finished the facility in Springfield will offer climate-controlled units, truck and trailer sharing, hitch installation, U-Box portable-storage containers, and propane sales. The facility will also provide a re-use center for gently used household furnishings for the community to share.

www.insideselfstorage.com reports: 
"Springfield is a developing community, and U-Haul is excited to continue to be part of the city's growth," "We want to continue to improve quality of life in Springfield through residential mobility and by meeting the growing need for a high-quality storage product." Said by Aaron Freeman, president of U-Haul Co. of Illinois.

Established in 1945, U-Haul operates more than 1,500 self-storage facilities across North America. The company has a portfolio of over 30 million square feet of storage space. The company’s corporate sustainability initiatives, which support infill development to help local communities lower their carbon footprint, has led to dozens of conversion projects in recent years.

Source: www.insideselfstorage.com/acquisitionsbuying/u-haul-acquires-13-kmart-sears-stores-self-storage-truck-rental-conversions