Press Releases and News
MetroFit SA Announces Investment from Goldman Sachs Group
MetroFit SA (“Metrofit” or the “Company”), a leading self storage operator based in São Paulo, Brazil has closed on an investment from the Goldman Sachs Group, Inc. (NYSE: GS, “Goldman Sachs”). The transaction aims to recapitalize MetroFit’s existing facilities as well as provide expansion capital for development and selective acquisitions of Brazilian self storage facilities.
MetroFit was founded in 2012 as a joint venture between Grupo TRX, a São Paulo-based real estate developer and fund manager, and Metro Storage LLC, one of the top 10 largest owner/operators of self-storage facilities in the US with over 100 stores covering 12 states. Since its founding, MetroFit has focused on the development and operation of self storage facilities principally in the São Paulo metropolitan area.
Through the investment, MetroFit intends to become the leading self storage platform in the Brazilian market. MetroFit estimates that there are only 150 self storage facilities currently catering to a country-wide population of approximately 200 million in Brazil. The continued urbanization of Brazil’s large metropolitan markets, combined with the growing consumerism across all income segments, portend well for self storage operators like MetroFit that provide short-term, flexible storage solutions for personal as well as commercial customers.
Added Luiz Augusto F. do Amaral, CEO of Grupo TRX, “This investment is being launched during a delicate economic moment in Brazil, but we are totally confident in Brazil’s long-term prospects and Goldman’s investment in MetroFit demonstrates why self storage is such a compelling business opportunity in Brazil.”
For MetroFit co-founder and CEO, Hans Scholl, the Company’s transaction with Goldman Sachs will accelerate the growth of the self storage segment in Brazil. “Self storage is a solution that meets various needs in the market, whether for individuals or companies. Given the unplanned growth of many Brazilian cities and how unpredictable things can be from one day to the next, self storage has become an alternative for those who need additional space quickly and in a practical manner.” Scholl said.
Metro Storage LLC’s Chairman Matthew Nagel concluded: “We could not be more excited to add Goldman Sachs as an investor. Their investment in MetroFit helps position the Company for long-term growth and success.”
Goldman Sachs will continue to pursue additional interesting investment opportunities in Brazil.
About MetroFit SA
MetroFit designs, develops and manages self storage facilities in Brazil with a focus on the major metropolitan markets. Headquartered in São Paulo, the Company is a fully-integrated self storage platform that operates under the MetroFit brand. More information on the Company is available at www.metrofit.com.br.
About Grupo TRX
Founded in 2007 and based in São Paulo, Brazil, Grupo TRX develops, acquires, and finances real estate assets by means of managing investment products. The Company, with R$5.6 billion in assets under management, operates in three primary segments: corporate real estate solutions, real estate development, and infrastructure. More information on TRX can be found at www.trx.com.br.
About Metro Storage LLC
Metro Storage LLC is a privately owned and fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self storage facilities in the US and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the US with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC Announces Development of New Store in Addison, Illinois
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Metro Storage LLC Opens New Store in Brooklyn, NY
LAKE FOREST, IL May, 24 2016 – Metro Storage LLC today announced the opening of a brand new, state of the art storage facility in the Sheepshead Bay neighborhood of Brooklyn, New York. Located at 2727 Knapp Street in Brooklyn, this ground up development is Metro’s fourth New York store.
“This is a superb store in an exceptional location,” said Metro Storage LLC Chairman Matt Nagel. “The addition of this property to our portfolio reflects our strategy of growth and expands the Metro brand in the greater New York area."
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The location and design of this facility is optimized to meet the varied storage needs of the surrounding community. The new, four-story building has 1357 climate controlled storage units encompassing over 80,000 rentable square feet and features multiple drive up access points, 4 interior loading bays, state of the art security, and several elevators conveniently located throughout. It includes a broad range of unit sizes from small 5x5 lockers for individuals needing a little more space to large 10x30 units that are great for business storage, with all sizes in between.
“We travelled a long road over five years to get to the point where we welcomed in our first tenants at the Knapp St. facility this month.” said Marty Gallagher, President and COO of Metro Storage LLC.
Working closely with local and municipal groups and agencies, Metro overcame numerous challenges to build this state of the art facility in the Sheepshead Bay/Gerritsen Beach area of Brooklyn.
“Our biggest challenge was to modify a long-standing restrictive covenant over the land which limited any development on the land to only a retail site with a marina component,” explained Gallagher. “This restriction resulted in this site being vacant for nearly 30 years.”
In addition, Metro worked with the local Community Board to address nearby resident concerns, the State Department of Environmental Conservation on considerations of having a facility adjacent to a public waterway, as well as the various City departments involved in the design, permitting and construction oversight of the project.
“We received fantastic support from the local residents, the Community Board #15, the 46th District Councilman, as well as ongoing encouragement from the City Planning Commission to stay the course and see the project through to completion,” said Gallagher. “In the end, Metro Self Storage has raised the bar on the quality of the self storage product offerings and customer service in the Sheepshead Bay/Gerritsen Beach neighborhoods and surrounding communities for years to come with this facility.”
The ownership group includes Metro Storage LLC, Clark Investment Group of Wichita, Kansas, and Post Management in New York City.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC to Develop New Self Storage Facility in St. Charles, IL
LAKE FOREST, IL February 23, 2016 – Metro Storage LLC recently announced the purchase of a parcel of land in St. Charles, Illinois to build a new self storage facility, the company’s 19th in the Chicago area. Located at 2623 Lincoln Highway in the Chicago suburb of St. Charles, the new state of the art facility will be a three-story, 101,232 GSF state-of-the-art, 100% climate controlled self-storage facility offering approximately 72,450 RSF of storage.
“This is another great opportunity to expand and leverage
the Metro brand in the Chicagoland market.” said Matthew Nagel, Chairman of
Metro Storage LLC.
“The new store will have great visibility along a major east-west thoroughfare, and is located in a strong demographic market close to residential areas and major retailers.” said Blair Nagel, CEO of Metro Storage LLC.
Features of the new store include: 100% climate
controlled storage, large double bay covered loading/unloading areas, state of
the art security, and a large, modern retail office area. The store is
scheduled to open in November 2016.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC to Convert Former Lawn and Garden Store to Self Storage Facility in North Plainfield, New Jersey
LAKE FOREST, IL January 5, 2016 – Metro Storage LLC today announced the acquisition of a former lawn and garden store in North Plainfield, New Jersey that will be converted to a state-of-the-art Metro Self Storage® facility. Located at 351 Route 22 in Plainfield, New Jersey, the building will be developed into a contemporary, five-story, 100% climate controlled self storage facility offering 65,000 RSF of storage.
Located in a highly populated, strong median income market, the store is located near major retailers and several new residential developments on a highly traveled thoroughfare.
“This is an excellent location and outstanding opportunity for us.” said Metro Storage LLC Chairman Matt Nagel. “We’re looking forward to expanding the Metro presence in the New York/New Jersey market.”
The existing two-story structure will be repurposed and transformed into a five-story, climate controlled storage facility with 653 storage units. The new design will include a large interior loading area and multiple other entrances around the building. In addition, the store will feature multiple elevators, state of the art security, and a large modern business office.
“This is another great design by our Development team.” said Blair Nagel, CEO of Metro Storage LLC. “It has all the elements to meet the storage needs of the surrounding community.”
Construction on the new store is scheduled to begin in March 2016.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC to Develop New Self Storage Facility in Burnsville, MN
LAKE FOREST, IL September 16, 2015 – Metro Storage LLC recently announced the purchase of a parcel of land in Burnsville, Minnesota to build a new self storage facility, the company’s 7th in the state. Located at 2398 Egan Drive in the Minneapolis suburb of Burnsville, 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.
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“We’ve had great success with our stores in the Minneapolis area, and we look forward to further expansion of the Metro brand in that market.” said Matthew Nagel, Chairman of Metro Storage LLC.
The new store is located in a highly populated, residential area with close proximity to commercial and retail areas. Features of the store include climate and non-climate controlled units, drive up access, an interior drive thru and loading bays, state of the art security, and a large modern retail office.
“Our Acquisitions and Development team did a great job of finding an excellent location for a new facility.” said Blair Nagel, CEO of Metro Storage LLC. “It has all the things we look for to ensure success of the store.”
The Burnsville store will have 775 units and is scheduled to open in the spring of 2016.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC to Develop New Self Storage Facility in Mundelein, Illinois
LAKE FOREST, IL July 27, 2015 – Metro Storage LLC recently announced the purchase of a parcel of land in the northwest Chicago suburb of Mundelein, Illinois to build a new self storage facility. Located on Butterfield Road just north of Route 60 in Mundelein, the new state of the art, three-story facility will encompass 80,000 RSF of 100% climate controlled units and will be the company’s 18th store in the Chicagoland area.
Located on a major north-south thoroughfare, this highly visible site is located close to retail and residential areas, and will be one of the first self storage facilities constructed in the market since 2000. Features of the new store include: 100% climate controlled interior and drive-up units, two interior loading bays, state of the art security, and a large, modern office area.
“This is an exceptionally designed building.” said Blair Nagel, CEO of Metro Storage LLC, “It will enable us to continue to provide our customers with the quality storage experience they expect from Metro."
Construction of the 805 unit store will begin later this summer and is scheduled to open early in the second quarter of 2016 to serve the storage needs of Mundelein, Libertyville, and Vernon Hills.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC to Convert Former Retail Building to Self Storage Facility in Skokie, Illinois
LAKE FOREST, IL June 19, 2015 – Metro Storage LLC today announced the acquisition of a former retail building in Skokie, Illinois for conversion to a state-of-the-art Metro Self Storage® facility. Located at 3240 W. Touhy Avenue in the Chicago suburb of Skokie, the building will be developed into a state-of-the-art, two story, 100% climate controlled self storage facility offering 83,000 RSF of storage.
“We obviously like the Chicago market, and we’re always looking for opportunities to expand here.” said Metro Storage LLC Chairman Matt Nagel. “This property has all the right elements to construct and operate a successful storage facility.”
Construction is scheduled to begin later this summer and will include raising the roof on the building to create two stories of climate controlled storage. Features of the new store will include multiple loading points around the building, 100% climate controlled units, drive up access, state of the art security and a large, modern business office.
“We knew this property was a good selection for conversion due to its excellent location on an extremely busy east/west arterial street with a dense three mile population, strong market demographics and a great retail building.” said Blair Nagel, CEO of Metro Storage LLC.
Situated on the border of Chicago and the suburbs of Evanston and Skokie, the new 884 unit store is scheduled to open in Spring 2016 and will be the 19th Metro Self Storage® store in the Chicago area.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC Opens Two Newly Converted Stores
LAKE FOREST, IL June 18, 2015 – Metro Storage LLC today announced the opening of two new state of the art storage facilities in Brown Deer, Wisconsin and Blaine, Minnesota. Both these stores are conversions of existing properties into state of the art self storage facilities.
One of the new stores, formerly a liquor distribution center, is located at 4059 West Bradley Road in the Milwaukee suburb of Brown Deer, and is Metro’s re-entry into the Milwaukee market. The converted building consists of 58,000 RSF of climate controlled storage, featuring a drive thru for vehicles and interior loading and unloading. In addition, three new buildings were constructed on the site, adding an additional 21,000 RSF of traditional drive-up, non-climate controlled storage. In total, the new store will contain 647 storage units and features electronic gated keypad entry and security cameras throughout the property.
The second store, a former auto dealership located at 9992 Baltimore Street NE in the Minneapolis suburb of Blaine, Minnesota, is a 627 unit, multi story building with 75,000 RSF of predominantly climate controlled self storage. Features of this store include a drive thru which will connect the renovated building to a newly constructed building, a covered loading and unloading area, and industry leading security.
“In addition to the acquisition of established storage stores and ground up development of new facilities, the conversion of buildings into self storage facilities is a key part of Metro’s growth strategy.” said Metro Storage LLC Chairman Matt Nagel.
Metro previously opened its first converted store in Deerfield, Illinois in November of 2014 and has two others currently under construction in Northbrook, Illinois, and Springfield, New Jersey with several others in the acquisition pipeline.
“Our Acquisitions team and Construction Management did an outstanding job with these two properties.” said Blair Nagel, CEO of Metro Storage LLC, “It really takes a concerted effort by our entire team to make these conversions happen. Acquisitions, Construction, Operations, Finance, and HR all work together throughout the entire process to get the store up and running.”
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 12 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC Acquires Storage Facility in Oakdale, New York
LAKE FOREST, IL June 4, 2015 – Metro Storage LLC today announced the purchase of the Pond Road Self Storage facility in Oakdale, New York on Long Island. Located at 4038 Sunrise Highway in Oakdale, this is the third Metro store located in New York, with a fourth currently under construction in Brooklyn, NY.
“The addition of this facility will broaden the Metro Self Storage® footprint in the market and enable us to better leverage our brand in the New York area.” said Metro Storage LLC Chairman, Matt Nagel.
This new store adds 45,200 rentable square feet and 417 rental units to Metro Storage’s existing New York portfolio. The fully fenced property consists of four single-story buildings, plus a 2½ story office building and features drive up non-climate units, outdoor parking, and gated access and security cameras. The store will also include a Penske Truck rental operation.
“This is a great opportunity for Metro to leverage our experience and take a good store and make it great and ultimately provide a better storage experience for our customers.” said Blair Nagel, CEO of Metro Storage LLC.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com..
Metro Storage LLC Acquires Storage Facility in Willow Grove, Pennsylvania
LAKE FOREST, IL April 28, 2015 – Metro Storage LLC today announced the purchase of the Willow Grove Self Storage facility in the Philadelphia suburb of Willow Grove, Pennsylvania. This new store adds 92,000 rentable square feet and 626 units to the existing Metro Storage Philadelphia portfolio and is the 8th store Metro has opened in the Philadelphia area in the last year.
“With 11 stores now in the Philadelphia area, we have effectively established the Metro brand in this market.” said Metro Storage LLC Chairman Matt Nagel.
The Class A store features climate and non-climate controlled units, drive up access, and a U-Haul truck rental service.
“The Willow Grove store is a nice addition to our Philadelphia portfolio and puts us in a great position to serve the storage needs of the surrounding community.” said Blair Nagel, CEO of Metro Storage LLC.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com..
Metro Storage LLC Acquires Storage Facility in Willow Grove, Pennsylvania
LAKE FOREST, IL April 8, 2015 – Metro Storage LLC today announced the expansion of its presence in the Philadelphia market with the acquisition of the two-store StorageWORKs portfolio and the Newtown Storage facility. The facilities are located in the northern Philadelphia suburbs of North Wales, Warminster and Newtown and add 191,000 rentable square feet, 1,589 storage units, and 58 parking spaces units to Metro Storage’s existing Pennsylvania portfolio.
“This quality portfolio acquisition and its related development expansion broadens our Metro Self Storage footprint in the suburbs of Philadelphia to 10 stores, with more than 7,000 rental units to offer the self storage consumers in the market area.” said Metro Storage LLC Chairman Matthew Nagel.
The property at 418 N. Sumneytown Pike in North Wales, Pennsylvania consists of eight buildings containing 600 self storage units and 15 parking spaces. Features include interior climate and non-climate controlled units, convenient exterior drive-up storage units, wide asphalt driveways, perimeter fencing, automatic gates and doors, and video monitoring.
The facility at 1634 Mearns Road, Warminster, Pennsylvania has multiple single-story buildings with 751 self storage units and 43 parking spaces. Features include climate and non-climate controlled units, drive up access, RV/boat parking space, and state of the art security.
The store located at 100 Upper Silver Lake Road in Newtown, Pennsylvania consists of 238 non-climate controlled self storage units. Features include convenient exterior drive-up storage units, perimeter fencing, and video camera system.
“The addition of these three stores rounds out our ability to better serve the storage needs of the surrounding community and positions Metro for continued success in the Philadelphia area.” said Blair Nagel, CEO of Metro Storage LLC.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC to Convert Warehouse to Self Storage Facility in Northbrook, Illinois
LAKE FOREST, IL March 30, 2015 – Metro Storage LLC today announced the acquisition of a former warehouse in Northbrook, Illinois for conversion to a state-of-the-art Metro Self Storage® facility. Located at 2121 Shermer Road in the northern Chicago suburb of Northbrook, the building will be developed into a state-of-the-art, two story, 100% climate controlled self storage facility offering 67,000 RSF of storage.
Interior demolition and conversion of the building is scheduled to begin in May. As part of the conversion, Metro will create a second floor mezzanine within the building. The new facility will feature multiple elevators and loading points, state of the art security and a large, modern business office. “There is high demand for quality self storage in the Chicago area.” said Matt Nagel, Chairman of Metro Storage LLC, “This property is located in excellent location to meet that demand.” The new 660 unit store is scheduled to open in the fall of 2015 and will be the 18th Metro Self Storage® store in the Chicago area.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC to Develop New Self Storage Facility in Orlando, FL
LAKE FOREST, IL March 25, 2015 – Metro Storage LLC recently announced the purchase of a parcel of land in Orlando, Florida to build a new self storage facility, the company’s 23rd in the state. Located at 7627 Narcoossee Road in southeast Orlando, the new state of the art facility will have multiple single story buildings encompassing 100,000 rentable square feet of climate controlled (70%) and non climate controlled units, along with 100 outdoor covered RV parking spaces.
“Metro has had a strong presence in the Tampa and Southwest Florida markets for many years,” said Matthew Nagel, Chairman of Metro Storage LLC. “This new facility has been designed to help meet the growing self storage demands in the Orlando market.”
Located near prime residential communities and the growing Lake Nona area, home to Florida's new Medical City, the store will also feature drive up units, covered parking for RV’s, boats, and automobiles, and state of the art security. The new store is scheduled to open in the fall of 2015.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com..
Metro Storage LLC Acquires Former Electronics Retail Store for Conversion to Self Storage Facility in Springfield, NJ
LAKE FOREST, IL December 3, 2014 – Metro Storage LLC recently announced the acquisition of a former electronics retail store in Springfield, New Jersey, a suburb of New York City, for conversion to a state-of-the-art Metro Self Storage® facility.
Located at 22 Route 22 in Springfield, New Jersey, the property will be converted to 85,000 rentable square feet of climate controlled self storage. The conversion will consist of raising the roof on one section of the building to add a second story; creating a two floor mezzanine in another section of the building; and converting the remaining portion of the building into single story climate controlled self storage. When completed, the converted property will contain 900 interior climate control storage units.
“The Springfield, New Jersey site will be the sixth Metro store in the New York/New Jersey market.” said Matthew Nagel, Chairman of Metro Storage LLC. “We’re looking forward to expanding our brand in that area.”
This facility will be one of the newer self storage facilities constructed in the area during the past ten years, and is scheduled for opening in the fourth quarter of 2015. Highlights of the property include: state of the art security, two sets of elevators, four drive-in loading bays, and a large contemporary business office.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 95 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC Acquires Metro Mini & RV Self Storage Portfolio in the Minneapolis Market
LAKE FOREST, IL September 16, 2014 – Metro Storage LLC today announced the expansion of its presence in the Minneapolis market with the acquisition of the four store Metro Mini & RV Storage portfolio. The new facilities are located in the Minneapolis suburbs of Bloomington, Eden Prairie, Mound and Orono, and add 208,000 rentable square feet, 1,500 storage units, and 450 RV/Parking spaces units to Metro Storage’s existing Minnesota portfolio.
In the first quarter of 2015, Metro is also scheduled to open a newly converted storage facility in the Minneapolis suburb of Blaine. This will bring the total number of Metro Self Storage stores in the Minneapolis market to six.
“We’ve been in the Minneapolis market with our Maple Grove store for a few years now and welcome this opportunity to expand our presence.” said Metro Storage LLC Chairman Matthew Nagel. “The addition of the Metro Mini stores as well as the Blaine facility fit in well with our current business model and future growth plans.”
The facilities are well-positioned on or near major retail corridors in strong demographic areas. The high-quality facilities feature interior loading bays, climate controlled units, exterior drive-up units, state-of-the-art security systems, computer-coded gate access and RV/boat storage spaces. All four locations will feature Penske truck rentals.
The store located at 6200 W. Old Shakopee Road, Bloomington, Minnesota consists of six single-story storage buildings containing 391 self storage units and 182 outdoor RV/Boat parking spaces. Features include convenient exterior drive-up storage units, RV/boat parking, energy efficient 40-watt solar panels, perimeter fencing, automatic gates and doors, and video camera system.
The property at 6851 Flying Cloud Drive, Eden Prairie, Minnesota consists of three one and a partial two story storage buildings containing 397 self storage units and 50 post office boxes. Features include interior climate controlled units, convenient exterior drive-up storage units, post office boxes, wide asphalt driveways, perimeter fencing, automatic gates and doors, and video camera system.
The facility at 5300 Shoreline Drive, Mound, Minnesota is part of a light industrial complex that was the former home to Tonka Toys. The property consists of a single-story 52,870 rentable square foot climate controlled facility and a site to the north of the storage building containing 85 RV/boat parking spaces. Features include interior climate controlled units, covered loading docks, RV/boat parking space, and state of the art security.
The building at 2725 W. Wayzata Boulevard, Orono, Minnesota was converted to self storage use in 2012 has 313 storage units and 67 interior heated and 114 exterior RV/boat parking spaces. Additional features include interior climate controlled units, indoor loading docks, interior RV/boat parking space, exterior RV/boat parking space with plug-in electrical access, and industry standard security.
“These stores round out our ability to better serve the storage needs of the surrounding community.” said Blair Nagel, CEO of Metro Storage LLC. “With climate controlled units, extensive boat and RV parking, and truck rentals we’re positioned for continued success in the Minneapolis area.”
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 80 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC Acquires 3 Storage King Properties in the Philadelphia Market
LAKE FOREST, IL July 9, 2014 – Metro Storage LLC today announced the purchase of three Storage King stores in the Philadelphia metropolitan area. The new facilities add 259,650 rentable square feet and 1,944 units to Metro Storage’s existing Pennsylvania portfolio.
This purchase follows the acquisition last month of a store in Limerick, PA by Metro Storage LLC.
“With the addition of these 3 Class A self storage facilities, Metro has grown its Philadelphia portfolio to 7 stores in short order.” said Matthew Nagel, Chairman of Metro Storage LLC.
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The properties are:
- Metro Self Storage Newton Square, 3952 N. Providence Road, Newtown Square, PA. – The three building facility encompasses 84,825 rentable square feet and 606 units of exterior drive-up and interior, climate and non-climate controlled storage, and 34 vehicle parking spaces.
- Metro Self Storage Trevose, 4440 E. Bristol Road, Trevose, PA. – This facility encompasses 78,300 rentable square feet and 658 units of interior and exterior, non-climate controlled storage as well as 27 vehicle parking spaces.
- Metro Self Storage Sharon Hill, 1354 Hook Road, Sharon Hill, PA – This 680 unit property has 96,525 rentable square feet and features primarily traditional drive-up non-climate controlled units.
“These are three exceptional stores.” said Blair Nagel, CEO of Metro Storage LLC, “The addition of these properties will enable us to further leverage the Metro brand in the Philadelphia area.”
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 90 stores in 11 states. More information about the firm is available at http://www.metrostoragecorporate.com.
Metro Storage LLC Acquires Former Liquor Distribution Center for Conversion to Self Storage Facility in Brown Deer, WI
LAKE FOREST, IL June 26, 2014 – Metro Storage LLC today announced the acquisition of a former liquor distribution center in the north Milwaukee suburb of Brown Deer, Wisconsin for conversion to a state-of-the-art Metro Self Storage® facility.
Located at 4059 West Bradley Road in Brown Deer, WI, the new store is scheduled for opening in the fourth quarter of 2014, with a total of 638 storage units. This is the third development site acquisition in the past three months for Metro Storage LLC.
“This is a great opportunity for us.” said Metro Storage LLC Chairman Matt Nagel. “We’re looking forward to entering the Milwaukee market with this outstanding store.”
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In addition to the existing building, three new buildings will be developed for a total of 107,458 gross square feet of storage. The existing building will consist of climate controlled storage, a drive thru for vehicles and interior loading and unloading. The three new buildings will feature traditional drive-up non-climate controlled storage.
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 90 stores in 11 states. More information about the firm is available at http://www.metrostoragecorporate.com.
Metro Storage LLC Acquires Storage Facility in Limerick, Pennsylvania
LAKE FOREST, IL June 23, 2014 – Metro Storage LLC today announced the purchase of the Limerick Self Storage facility in the Philadelphia suburb of Limerick, Pennsylvania. This new store adds 78,878 rentable square feet and 851 units to Metro Storage’s existing Philadelphia portfolio. This is the 4th Metro Self Storage store in the Philadelphia metropolitan area.
“This is a great store in a fantastic location” said Metro Storage LLC Chairman Matt Nagel, “We’re excited to expand our presence in the Philadelphia market.”
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The Class A store was built in 2008 and features 100% interior climate controlled storage, RV and truck parking, and state of the art security. “The Limerick store is a nice addition to our Philadelphia portfolio.” said Blair Nagel, CEO of Metro Storage LLC, “It’s in a high growth area with good visibility, and effectively supports our growth strategy.”
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 90 stores in 11 states. More information about the firm is available at http://www.metrostoragecorporate.com.
Metro Storage LLC to Convert Car Dealership to Self Storage Facility in Blaine, MN
LAKE FOREST, IL June 19, 2014 – Metro Storage LLC today announced the acquisition of a former Dodge auto dealership in the Minneapolis suburb of Blaine, Minnesota for conversion to a state-of-the-art Metro Self Storage® facility.
“We’ve had great success in the Minneapolis market and are looking forward to launching our expansion into this market with the repurposing of this auto dealership into a state of the art, consumer friendly, self storage facility”, said Matthew Nagel, Chairman of Metro Storage LLC. When completed, the multi-story building will provide 75,000 square feet of predominantly climate controlled self storage for the customers.
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Metro Self Storage, which also operates a self storage facility in nearby Metro Self Storage Maple Grove, Minnesota, is scheduled to open the new 627 unit store in the first quarter of 2015.
“This is a great acquisition for us.” Blair Nagel, CEO of Metro Storage LLC said of the property, “It’s in an outstanding location with tremendous visibility, and it will enable us to begin to leverage the Metro brand across the Minneapolis market.”
The current design includes a drive through which will connect the renovated building to the new building, a covered loading and unloading area, and industry leading security which includes controlled access, 24 hour video surveillance, motion sensor lighting, and storage-to-office communication points.
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 90 stores in 11 states. More information about the firm is available at http://www.metrostoragecorporate.com.
Metro Storage LLC Acquires 3 Georgia Self Storage Properties in the Atlanta Market
LAKE FOREST, IL June 4, 2014 – Metro Storage LLC today announced the purchase of three Georgia Self Storage stores in the Atlanta metropolitan area. The new facilities add 230,435 rentable square feet and 1,775 units to Metro Storage’s existing Georgia portfolio. This acquisition brings to 12 the total of Metro Self Storage stores in the Atlanta area.
“The acquisition of these 3 quality self storage facilities fits well with Metro’s current Atlanta store portfolio and our overall strategic growth plans.” said Metro Storage LLC Chairman Matthew Nagel.
The store located at 6472 Hwy 42, Rex, Georgia is comprised of seven self storage buildings, with both climate and traditional drive up units, inside or outside vehicle storage and parking, and features boat, RV and truck parking.
The store at 2220 Lawrenceville Hwy, Lawrenceville, Georgia is comprised of six self storage buildings, and offers climate and traditional drive up units, and inside or outside vehicle storage and parking.
The property at 1935 Buford Drive, Lawrenceville, Georgia is comprised of three self storage buildings offering climate and traditional drive up units, and inside or outside vehicle storage and parking.
All the stores are newer Class “A” facilities with strong physical occupancies, demographics and traffic counts, and feature state of the art security.
“This is an exciting acquisition for us.” said Blair Nagel, CEO of Metro Storage LLC, “It will enable us to leverage our strong presence in the Atlanta market to maximize revenue and occupancy at the new stores while continuing to deliver an exceptional storage experience for our customers.”
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 80 stores in 11 states. More information about the firm is available at http://www.metrostoragecorporate.com.
Metro Storage LLC to Convert Former Sears to Self Storage Facility in Bannockburn, Illinois
LAKE FOREST, IL March 18, 2014 – 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 2112 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 http://www.metrostoragecorporate.com.
LAKE FOREST, IL, January 14, 2014 -- Metro Storage LLC Chairman Matthew M. Nagel announced the opening of the first MetroFit store in Sao Pãulo, Brazil. The newly constructed three story, 75,000 square foot state of the art self storage facility features nearly 500 interior and drive-up self storage units. The store is located in the Vila Leopoldina district of São Paulo and is directly on the Marginal Highway, Sao Pãulo’s busiest road with over 700,000 cars per day passing by MetroFit’s “Marginal” site.
The new MetroFit property in São Paulo is the first store within the Metro Storage International (MSI) portfolio. “We’re excited about this first step in our international expansion,” said Blair Nagel, CEO of Metro Storage LLC. “Brazil provides some exceptional opportunities for growth in self storage.” The Marginal store is the first of two sites that are to be developed under a private Fund raised last year by MetroFit to attract and deploy capital across the self storage sector in Brazil.
The new Marginal store was designed to meet the needs of the growing consumerism within Sao Pãulo – both residential and commercial. The design of the building features the bold MetroFit brand and offers a variety of features including: an indoor drive-thru, state of the art video surveillance with DVR and CCTV, and wine storage.
Construction of the Marginal store began in June, 2013. “It was a complex and coordinated effort to bring everything together,” said Jay Harron, President of MSI. “The MetroFit team in Brazil worked closely with their U.S. counterparts at Metro Storage to make it happen.”
The MetroFit team had a very busy fourth quarter to get the store operational. “We wanted to deliver an exceptional store in an exceptional location with outstanding architecture and functionality,” said Hans Scholl, President of MetroFit. “I am happy to say that our team delivered on all of these items.”
The next MetroFit store is currently under construction and scheduled to open in the summer of 2014, and MetroFit is actively pursuing a significant pipeline of additional self storage projects.
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 80 stores in 11 states. Metro Storage International is a wholly owned subsidiary of Metro Storage LLC, dedicated to development in emerging markets outside of the United States. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC Profiled as Top Operator in Mini-Storage Messenger (MSM)
LAKE FOREST, IL, October 2013 – Metro Storage LLC was recently profiled in the 2013 Top Operator’s edition of the Mini-Storage Messenger (MSM). Metro is recognized as the 11th largest operator in the industry and the 5th largest privately held storage operator. More information can be found at: http://www.ministoragemessenger.com.
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 90 stores in 11 states. More information about the firm is available at http://www.metrostoragecorporate.com.
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Metro Storage LLC Looks to International Growth. Metro Storage International LLC (MSI) Formed.
LAKE FOREST, IL, October 2013 -- Metro Storage LLC Chairman Matthew M. Nagel announced the development of a wholly owned subsidiary company, Metro Storage International LLC (MSI) (http://www.metrostoragecorporate.com/international), as the company looks overseas in emerging markets for more growth opportunities.
Mr. Nagel said that MSI seeks to partner with locally based individuals, institutions and capital sources who have a strong commitment to self-storage and who can contribute expertise such as land sourcing, development capabilities and capital to self-storage ventures.
Jay Harron, who has extensive international commercial real estate expertise and who previously headed up investment activity for Equity International, was named President of MSI.
“We believe that self storage, as an asset class, will thrive in most major international markets especially in those markets with growing urban populations, where income levels are rising and, as a result, there is a growing consumerism by the middle class.” Nagel said.
In the first step of that new venture, MSI formed a new self-storage operating platform in Brazil, which was branded MetroFit (www.metrofit.com.br).
According to Metro CEO K. Blair Nagel, “Our partner in this joint venture is TRX Realty (http://www.trx.com.br), one of Brazil’s built-to-suit and sale-leaseback developers which currently manages more than R$2 billion of real estate funds focused on the industrial, logistics, retail and commercial sectors within Brazil.”
Under this partnership, MSI will be adding five newly developed MetroFit self storage facilities by the end of 2014 in the city of Sao Paulo, Brazil. The first MetroFit facility is slated to open in the fourth quarter of 2013.
“We are very pleased with this new joint venture in Sao Paulo and plan to continue our 40-year legacy of pioneering in the self-storage industry, seeking opportunities in other growing international markets that offer attractive opportunities for self-storage expansion.” Nagel said.
Metro Storage LLC, operating under the trademark Metro Self Storage® (www.metrostorage.com), 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 90 stores in 11 states. More information about the firm is available at www.metrostoragecorporate.com.
Making Room For You Since 1973. Metro Self Storage® Celebrates 40 Years In The Self Storage Industry
Karl’s philosophy was simple: provide a clean, secure storage unit at a reasonable price and support it with exceptional service to the customer. This philosophy led to great success throughout the 70’s and early 80’s. After rapid growth in the Chicago market, the company introduced the Metro Self Storage® brand, supported by a new logo and image.
In the late 80’s Karl’s sons, Matthew M. Nagel and K. Blair Nagel joined the family business full time. Over the next decade the company had steady growth as the number of stores increased from 8 to 42, located in five Midwestern states. In 1997, the brothers bought out their father’s interests and formed Metro Storage LLC. Growth since 1997 has been impressive. In 2004, the company sold 42 stores to a publicly traded REIT for $184 million, the largest private self-storage transaction at the time.
Today, Metro has grown to over 90 stores in eleven states, and serves over 50,000 customers, and that same philosophy of Karl Nagel’s continues. According to Metro Chairman Matt Nagel, “Our management principals remain the same: 1) We are in the self-storage business to deliver a first-class experience to our storage customers; 2) Organizational stability is key to us because we believe it helps us deliver the best possible customer experience. We surround ourselves with the most talented employees and outside advisors that we can find and we seek long-term relationships with them. 3) We adapt our strategy to navigate all types of economic conditions. We have always done that and it is a real strength.”
The Nagel brothers have some aggressive plans for the future. They recently formed a wholly owned subsidiary company Metro Storage International (MSI) LLC, and formed a new self storage operating platform in Brazil, branded MetroFit. Plans are for MSI to add seven newly developed MetroFit self storage facilities by the end of 2014 in the city of Sao Paulo, Brazil. The first MetroFit facility is slated to open in the fourth quarter of 2013. Domestically, Metro’s growth plans are to add over twenty new stores in the next several years.
Both brothers have continued their father’s legacy of commitment to delivering the best possible self-storage experience to their customers, a strong financial performance to their investors, an excellent work environment for their employees and to giving back to the communities in which they do business. In celebration of the company’s 40th anniversary, Metro Storage LLC has made a donation to the Make-A-Wish Foundation, which grants the wishes of children who have life-threatening medical conditions within the communities Metro serves. Proof that doing well and doing good have been key to the success of this self-storage enterprise.
About Metro Storage LLC
Metro Storage LLC, operating under the trademark Metro Self Storage® (www.metrostorage.com), is a privately owned, fully integrated real estate operating company specializing exclusively in the development, acquisition and management of self-storage facilities nationwide. Headquartered in Lake Forest, Illinois with assets under management totaling $750,000,000, the Company is the 11th largest operator of self-storage facilities in the United States with over 90 stores in 11 states. More information about the firm is available at www.metrostoragecorporate.com.
Metro Storage LLC Works With Talonvest Capital to Close on $116.2M of Permanent Financing for Two Self Storage Portfolios.
Metro Storage LLC Opens a New State-of-the-Art Self Storage Facility in Chicago, IL
LAKE FOREST, IL March, 2012 –Metro Storage LLC, the fifth largest privately held self storage operator recently signed a property management agreement with a local Chicago area self storage developer to provide professional property management services. The new self storage development, opened in March 2012, is located at 6500 West Dakin Street, Chicago, serving the Merrimac Park, Portage Park and the surrounding neighborhoods on Irving Park Road.
The facility will be branded under the Metro Self Storage® trade name. The newly constructed four story self storage facility features more than 670 units within 70,000 square feet of interior and drive-up climate controlled self storage product. The property offers a variety of customer-friendly features including convenient on-site parking, interior and heated loading bay, state-of-the-art security with video surveillance and controlled access.
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 one of the largest owner operators of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions.
The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel (847) 235-8910.
Metro Storage LLC Selected To Manage Recent Florida Acquisition for Virtus
LAKE FOREST, IL November, 2011 – Metro Storage LLC and Virtus Real Estate Capital located in Austin, Texas, recently expanded their existing property management relationship. Metro was selected to provide professional property management services for recently acquired self storage property in Land O'Lakes, Florida. Metro now manages a total of 12 Virtus owned self storage assets.The 100% climate controlled, recently developed self storage property is located in Land O'Lakes, Florida. The property offers a variety of customer-friendly features including convenient on-site parking, state-of-the-art
security with video surveillance and controlled access. The 72,000 square foot portfolio contains over 700
units and will be branded as Metro Self Storage®. Metro is one of the largest self storage operators, with 15 locations, serving the Greater Tampa Bay area.
Metro Storage LLC, operating under the trademark Metro Self Storage®, is a 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 one of the largest owner operators of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel at (847) 235-8910.
Metro Storage LLC Selected to Manage 11 Property Self Storage Portfolio for Virtus
LAKE FOREST, IL September, 2011 –Metro Storage LLC recently signed a property management agreement with various entities of Virtus Real Estate Capital, located in Austin, Texas, to provide professional property management services for a five state, 11 property self storage portfolio.
The 600,000 square foot portfolio contains over 4,400 units and will be branded as Metro Self Storage®. The locations expand the existing Metro Self Storage® portfolio of stores in Georgia, Louisiana, Texas and Florida.
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 one of the largest owner operators of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel (847) 235-8910.
Metro Storage LLC Purchases 4 Store Chicago Area Self Storage Portfolio
LAKE FOREST, IL September, 2011 –Metro Storage LLC recently acquired four properties totaling 415,000 square feet of self-storage space, for approximately $14.75 million. The portfolio contains 2,857 rental units and 57,000 square feet of industrial space. Metro acquired the note from the special servicer and subsequently closed on the assets in a separate deed–in-lieu transaction. The four stores were acquired from an existing 3rd party management client and previously operated under the trade name of Metro Self Storage®.
“We continue to grow our portfolio through innovative, complex transactions and this acquisition was in keeping with that theme. This high quality portfolio fits in perfectly with our investment objectives of acquiring stores with strong fundamentals, high barriers to entry markets with expansion opportunities,” said Metro’s Chairman, Matthew Nagel.
Three of the stores were warehouse conversions with one ground-up development. The stores average 85% occupancy; the average age of the portfolio is seven years.
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 5th largest privately held operator of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling CEO, Blair Nagel (847) 235-8910.
Metro Storage LLC Purchases Moore Self Storage on Staten Island for $4.6 Million
LAKE FOREST, IL July, 2011 –Metro Storage LLC recently acquired Moore Self Storage a Class A facility totaling 47,000 gross square feet for $4.6 million.
The acquisition of Moore Self Storage represents the third acquisition in the greater New York City region for Metro Storage LLC in the past twelve months; Metro now owns or operates five locations in the region. “Acquiring Moore Self Storage gives our company a Class A asset located in a very high barrier to entry market with strong demographics. Locations such as this one are difficult to replicate.” said Metro’s Chairman, Matthew Nagel.
This facility will be rebranded under the Metro Self Storage® trade name. The property consists of 352 units, and offers both multi-level climate controlled and traditional drive-up storage.
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 5th largest privately held operator of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling K. Blair Nagel at (847) 235-8910.
Metro Storage LLC Purchases Paramount Self Storage in Stanhope, NJ for $4.5 Million
LAKE FOREST, IL June, 2011 –Metro Storage LLC recently acquired Paramount Self Storage a Class A store built in 2004 totaling 70,666 gross square feet for $4.5 million.
The acquisition of Paramount Self Storage represents the second acquisition in the greater New York City region for Metro Storage LLC in the past twelve months; Metro now owns or operates four locations in the region. “We are very pleased with the addition of this asset to our growing New York and New Jersey presence.” said Metro’s CEO, Blair Nagel.
This facility will be rebranded under the Metro Self Storage® trade name. The property consists of 488 units, and offers both multi-level climate controlled and traditional drive-up storage. 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 5th largest privately held operator of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel (847) 235-8910.
RK Kliebenstein Joins Metro Storage LLC Team
Lake Forest, Illinois, May 1, 2011 – Metro Storage LLC, one of the largest private owner-operators of self-storage properties in the U.S., announces today that RK Kliebenstein has joined the Company as Vice President of Business Development. K. Blair Nagel, CEO, commented “RK has been a consultant to Metro and we have known him for many years; he is an excellent fit for our Company. He will be spearheading efforts to grow our third party management services division. RK added “Metro Storage was a great client over the years; they are a company with the highest level of integrity, ethics, and expertise. I look forward to representing them in the marketplace, and know that many of my past clients can benefit from Metro’s management expertise. I am excited and honored to now be part of their organization.”Kliebenstein will seek new business opportunities for Metro, concentrating on adding clients and stores to the third party management program while offering expanded client services. “The addition of RK allows us to provide comprehensive advisory services to our clients to assist in the feasibility, construction, and management of self storage projects” said Nagel.
About RK Kliebenstein
RK was formerly the President of Coast-To-Coast Storage, the largest consulting firm dedicated to self storage, mobile storage and vehicle storage in the world. Since 2000, Coast-To-Coast provided feasibility studies, due diligence, brokerage services, financing, and consulting under the direction of RK. RK is the published author of three books and hundreds of self storage industry articles in trade magazines. He is a sought after speaker and expert witness, having lectured around the globe.
About Metro Self Storage
Metro Storage LLC, operating under the trademark Metro Self Storage®, is a fully integrated real estate operating company specializing in the development, acquisition, and management of self storage facilities. Headquartered in Lake Forest, Illinois, the Company is one of the largest private owner-operators of self-storage facilities in the United States. An industry leader since 1973, Metro has been involved in hundreds of self storage transactions. The Company is soliciting acquisitions nationwide of multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com, or by calling K. Blair Nagel at 847.235.8910. For information regarding Property Management or Client Advisory Services contact RK Kliebenstein at 847.235.8965.
Metro Storage LLC Opens a State-of-the-Art Self Storage Facility in Chicago, IL
LAKE FOREST, IL April, 2011 –Metro Storage LLC recently signed a property management agreement with a local Chicago area self storage developer to provide professional property management services for a new self storage development, opening in the Spring 2011, in Chicago serving the Brickyard neighborhood and surrounding area. The newly constructed four story self storage facility features more than 65,000 square feet of interior and drive-up climate controlled self storage product.
The 100% climate controlled self storage development is located at 6603 West Diversey Avenue, Chicago. The property offers a variety of customer-friendly features including convenient on-site parking, interior and heated loading bay, state-of-the-art security with video surveillance and controlled access. The facility will be branded under the Metro Self Storage® trade name.
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 one of the largest owner operators of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel (847) 235-8910.
Metro Storage LLC Opens New Two Story Self Storage Facility in Maple Grove, MN
LAKE FOREST, IL April, 2011 –Metro Storage LLC, the fifth largest privately held self storage operator acting in the capacity as construction advisor and property manager for the owner, Reliance Development Company LLP, headquartered in Minneapolis, Minnesota opened a new state-of-the-art self storage facility at 9450 Dunkirk Road, Maple Grove, MN.
The facility will be operated under the Metro Self Storage® trade name. The property consists of 59,881 square feet containing over 577 units, the facility provides the customer maximum convenience and protection from the weather through its 100% covered interior drive-thru access.
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 5th largest privately held operator of self-storage facilities in the United States with over 90 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel at (847) 235-8910.
Metro Storage LLC Opens a New Self Storage Facility in Eagleville, Pennsylvania
LAKE FOREST, IL March, 2011 –Metro Storage LLC, the fifth largest privately held self storage operator was engaged by KIMCO Realty, headquartered in Lutherville, Maryland to provide construction advisory and property management services for the conversion of a K-Mart store into a new state-of-the-art self storage facility at 3200 Ridge Pike, Eagleville, PA.
The facility operates under the Metro Self Storage® trade name. The property consists of 55,080 square feet of storage, containing over 447 units and offers customers convenient drive-up interior climate controlled self storage in a wide variety of sizes.
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 one of the largest owner operators of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel (847) 235-8910.
Metro Storage LLC Opens a 100% Climate Controlled Storage Facility in Rochester, NY
LAKE FOREST, IL November, 2010 – Metro Storage LLC, the fifth largest privately held self storage operator was engaged by KIMCO Realty, headquartered in Lutherville, Maryland to provide construction advisory and property management services for the conversion of excess retail space into a new state-of-the-art self storage facility at 2255 Buffalo Road, Rochester, NY.
The facility operates under the Metro Self Storage® trade name. The property consists of 50,010 square feet of storage, containing over 454 units and offers customers convenient drive-up interior climate controlled self storage in a wide variety of sizes.
Metro Storage LLC, operating under the trademark Metro Self Storage®, is a 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 one of the largest owner operators of self-storage facilities in the United States with over 100 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel at (847) 235-8910.
Metro Storage LLC Aquires 15 Store $46 Million Portfolio in Texas/Kansas
LAKE FOREST, IL December, 2010 –Metro Storage LLC recently purchased a 15 store Class A portfolio of approximately one million square feet of self-storage space located in Texas and Kansas.
This $46 million transaction contained eleven stores in Texas increasing Metro’s presence in the Texas market to 19 stores and provided the company’s first entry into the Kansas market. Metro now has over 90 storage facilities in 13 states nationwide.
“We are honored to have been chosen as the buyer of this portfolio by the key selling principals whom we greatly respect. This fine portfolio averages only five years in age, all the units are individually alarmed; traditional regular drive-up spaces with state-of-the-art surveillance systems at each store, allowing for 24 hour access. Twelve of the fifteen stores were stabilized with a portfolio average occupancy of 90% fitting perfectly within Metro’s acquisition strategy,” said Metro’s Chairman, Matthew Nagel.
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 5th largest privately held operator of self-storage facilities in the United States with over 90 stores in 13 states. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of single facilities, multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel at (847) 235-8910.
Metro Storage LLC Acquires New Facility In Tampa, Florida
LAKE FOREST, IL February 5, 2010 – Metro Storage LLC recently acquired Discount Mini Storage, a self storage facility in Tampa, FL. This location represents the company’s 12th self-storage facility in the greater Tampa area and its 22nd self-storage facility in Florida. The company now owns and operates more than 80 self storage facilities nationwide.
The facility is located at 8323 W. Hillsborough Ave. and offers 41,000 square feet of multi-level climate controlled and traditional drive-up storage. The site also provides a variety of customer-focused conveniences, including 24 hour electronic gate access, on-site management, online and automatic payment and a full line of boxes and moving supplies.
"This new facility compliments our current Tampa portfolio nicely," says Metro Storage LLC Chairman Matthew Nagel. "We’ve been in the Tampa market since 1999 and are committed to our long term growth strategy."
Metro Storage LLC, operating under the trademark Metro Self Storage®, is a fully integrated real estate operating company specializing in the development, acquisition and management of self-storage facilities. Headquartered in Lake Forest, Illinois, the Company is one of the largest private owner operators of self-storage facilities in the United States. An industry leader since 1973, Metro has been involved in hundreds of self-storage transactions. The Company is soliciting acquisitions nationwide of multi-store portfolios, projects in development, or the management of existing operations.
More information about the firm is available at www.metrostorage.com or by calling the CEO, Blair Nagel at (847) 235-8910.
Metro Storage LLC Owners Profiled in SSA Globe Magazine
LAKE FOREST, IL February 10, 2010 – Metro Storage LLC owners Matthew Nagel and K. Blair Nagel were recently profiled in the Self Storage Association Globe Magazine. The January 2010 issue includes a detailed profile of the Nagels as well as the history of Metro Storage LLC. The article notes, "And nowhere can the successful passing of the torch be better seen than with Blair and Matt Nagel, the owners of Metro Storage LLC based in Lake Forest, Illinois. They have not only taken what their father Karl passed along to them, but expanded it exponentially..."
