Safeguard Self Storage Opens Tenth Facility in Chicago

Safeguard Self Storage recently acquired its tenth facility. Their newest location is in Chicago and is located at 9001 West 47th street in McCook Village, 15 miles west of Chicago. Safeguard has 10 locations within the Chicago area and 63 stores nationwide.

Safeguard designed this location to have features that are similar at their other facilities: a drive-in loading area, heated and air conditioned units, computer-controlled access to the building, and digital video recording surveillance of the property. There are 698 units in 70,000 leasable square feet. Gil Beres is the store manager and Sharon Loony is the assistant manager.

"Because of Safeguard's strong capital position, we were able to complete the acquisition in just 41 days from execution of the contract to closing. This new store complements the company's aggressive development of new locations from new construction," reported Allan Sweet, Chief Executive Officer of Safeguard Self Storage.

"The acquisition of just one store enabled the team to develop and practice skills, on a smaller scale, required to complete larger acquisitions," said Mark B. Rinder, Executive Vice President and Chief Financial Officer.

"The McCook Village location, like all of our Chicago facilities, is designed to provide an exceptional customer experience. The high quality of this store, matching Safeguard's superior portfolio, made completion of the acquisition easier than expected," said Michael Frosaker, Vice President of Asset Management who, together with James Goonan, Senior Vice President of Development, led the effort to acquire this store for the Safeguard portfolio.

In October, Safeguard Self Storage opened a facility in the East Williamsburg section of Brooklyn, New York. That brought the number Safeguard Self Storage facilities to twenty in the New York area and the fourth that they opened in 2011. The company has 25 locations throughout New York and New Jersey.

Safeguard has been in business since 1989. They opened their first facility in New Orleans. They now have facilities in over 65 locations throughout Louisiana, Florida, Illinois, New Jersey, New York, and Pennsylvania. They provide over 2.5 million square feet of storage space. When Hurricane Katrina devastated New Orleans, Safeguard moved its headquarters to Atlanta. Their company mission is to be a leader in the self storage industry by providing the highest in product quality, customer service, and value.

Sources used:
"Safeguard Self Storage, a Provider of Premium Self Storage Solutions, recently Acquired its Tenth." PR USA; 20 December 2011.

"Safeguard Self Storage Opens New Self Storage Facility in the East Williamsburg section of Brooklyn, New York." 1888 Press Release; 13 October 2011.

Safeguard Self Storage.