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Banner Storage Group LLC purchases development site in Chicago
The self-storage developer plans to develop a six-story, 118,000-square-foot self-storage facility

May 20, 2014- Banner Storage Group LLC has acquired the site at 1807 W. Devon Ave. in the Edgewater neighborhood of Chicago.

The new facility in Chicago will have many amenities. It will have 1,200 climate-controlled units, an interior loading area for customers, video surveillance, and free WiFi, motion sensors. The climate controlled units will be ranging from stacked 4-by-4-foot lockers to 10-by-30-foot spaces. reports:

The facility will be designed by architecture firm Loebl, Schlossman & Hackl. It is scheduled to break ground in July and expected to open next spring, company officials said in a press release.

Banner Storage Group LLC has bought 106,000-square-foot, seven-story Bain Moving & Storage building in Lynn, Massachusetts this April.

Banner Storage Group was formed in 2013. It is a subsidiary of Banner Apartments LLC, a real estate investment management business. Delaney and John Nikolich lead the self-storage group. Both of them are industry veterans and have more than 35 years of combined experience in the development, acquisition, disposition and financing of self-storage properties and real estate operating companies.

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