The company intends to construct self-storage facility on the acquired property
September 22, 2015
: Based in Lake Forest, Illinois, Metro Storage LLC, which manages the Metro Self Storage brand in 12 states, has recently acquired property Burnsville, MN, on which it plans to develop a self-storage
The new self storage facility expected to open in spring 2016, the facility will be Metro’s seventh in the state.
The new state of the art facility will have a three story building encompassing 63,000 rentable square feet of climate controlled storage with an additional four single story buildings encompassing 18,600 rentable square feet of traditional drive up, non climate controlled units.
According to a company press release, the new location is in a residential area near commercial and retail stores.
CEO Blair Nagel said that “Our acquisitions and development team did a great job of finding an excellent location for a new facility. It has all the things we look for to ensure success of the store,”
Headquartered in Lake Forest, Ill., Metro Storage is a privately owned, fully integrated real estate operating company specializing in the acquisition, development and management of self-storage facilities nationwide. It operates more than 100 self-storage properties in 12 states comprising more than 6.5 million square feet. The company also operates in Brazil under the MetroFit brand name.