{"id":1004117224,"date":"2015-04-16T05:36:38","date_gmt":"2015-04-16T13:36:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=339844"},"modified":"2022-03-09T02:32:06","modified_gmt":"2022-03-09T10:32:06","slug":"660-unit-self-storage-facility-planned-for-suburban-chicago-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/660-unit-self-storage-facility-planned-for-suburban-chicago-3\/","title":{"rendered":"Metro Storage Answers Chicago&#8217;s Demand"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<div id=\"attachment_339845\" class=\"wp-caption alignleft\" style=\"width: 160px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/gI_61702_Metro-Northbrook-Rendering-resize2-1.png\"><img decoding=\"async\" loading=\"lazy\" class=\"size-thumbnail wp-image-339845\" title=\"gI_61702_Metro Northbrook Rendering-resize2 (1)\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/04\/gI_61702_Metro-Northbrook-Rendering-resize2-1.png\" alt=\"\" width=\"150\" height=\"121\" \/><\/a><\/p>\n<p class=\"wp-caption-text\"><em>Rendering of the proposed building conversion<\/em><\/p>\n<\/div>\n<p>Lake Forest, Ill.-based Metro Storage LLC has announced plans to convert a former warehouse in the village of Northbrook into a state-of-the-art self-storage facility. According to a news release, the industrial building located at 2121 Shermer Road will be redeveloped into a two-story, state-of-the-art Metro Self Storage facility encompassing 67,000 rentable square feet of storage space in 660 climate-controlled units.<\/p>\n<p>\u201cThere is high demand for quality self storage in the Chicago area,\u201d said Matt Nagel, chairman of Metro Storage. \u201cThis property is located in excellent location to meet that demand.\u201d<\/p>\n<p><a href=\"https:\/\/www.chicagotribune.com\/suburbs\/northbrook\/news\/ct-nbs-storage-tl-0402-20150330-story.html\" target=\"_blank\" rel=\"nofollow noopener\">The Chicago Tribune<\/a> also reports that self-storage demand in Northbrook is growing at a steady pace, with various projects in the pipeline, although Northbrook currently has only one such facility, the Storage Mart at 2727 Shermer Road.<\/p>\n<p>Demolition and redevelopment work is scheduled to begin in May 2015, with completion expected in the fall. The new facility, the company\u2019s 18<sup>th<\/sup> in the Chicago area, will incorporate multiple elevators and loading points, a spacious business office and state-of-the-art security systems. The developer will also add a second-floor mezzanine within the new facility.<\/p>\n<p>The warehouse at 2121 Shermer Road was built in 1970 and is valued at $370,416, according to data collected by <a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/77910187\/2121-Shermer-Rd-Northbrook-IL-60062\/\" target=\"_blank\" rel=\"nofollow noopener\">Property Shark<\/a>.<\/p>\n<p><em>Image courtesy of Metro Storage LLC<\/em><\/p>\n<p><strong><a href=\"https:\/\/www.commercialsearch.com\/news\/researchcenter\/research-center-cpe-research\/market-reports\/market-snapshot-chicagos-industrial-indestructible\/1004113780.html\">Click here<\/a><\/strong> for further data on Chicago\u2019s industrial market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metro Storage is giving Chicago what it needs\u2014more quality self-storage facilities.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004117224","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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