Safeguard Self Storage Completed the Acquisition of a New Self Storage Facility in McCook Village, just outside of Chicago, Illinois

Top Quote Safeguard Self Storage expanded its presence in the Chicago self storage market with the acquisition of its newest location in McCook, Illinois, 15 miles west of Chicago. Safeguard closed on the purchase, its 63rd store nationwide, on December 7, 2011. This self storage facility offers the McCook Village community 698 storage units in a variety of sizes, with modern security features. End Quote
  • Chicago, IL (1888PressRelease) December 09, 2011 - Safeguard Self Storage, a provider of premium self storage solutions, recently acquired its tenth operating location in the Chicago self storage market. This self storage facility, conveniently located at 9001 West 47th Street in McCook Village will continue to help supplement this community's growing demand for high-quality storage units and self storage space.

    Safeguard has an established presence in the Chicago areas, now with 10 locations. As is typical of Safeguard's 63 stores nationwide, the McCook self storage facility is designed with security, convenience and customer service in mind. Amenities at this location include: heated and air conditioned space, a convenient drive-in loading area, computer-controlled access to the building and digital\video recording of the property.

    "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.

    "This new facility complements our product offering there," explained Goonan.

    "Its convenient location, plethora of amenities and the store team's dedication to providing outstanding customer service makes renting with Safeguard the best storage option in Chicago. What makes Safeguard unique is the relationship that we develop with our customers--they are very important to us," says Vice President of Operations Ken Finlay. "We look forward to getting to know and serve the residents and business people of McCook Village. It's a great community and we're proud to be part of it."

    McCook Village, IL Location:
    Safeguard acquired the McCook Village, IL self storage location on December 7th, 2011. This facility has 698 storage units in 70,000 leasable square feet with a variety of unit sizes currently available. The McCook store team is led by Gil Beres, Store Manager, and Sharon Looney, Assistant Manager.
    For more details, please call (708) 273-4844 or visit our website at where you can obtain a quote, reserve or rent a self storage unit online.

    About Safeguard Self Storage:
    Safeguard was founded in 1989 and, now as an industry leader, its brand hinges on high-quality, conveniently located facilities that feature innovative design, modern security and plentiful amenities. The company has over 60 self storage facility locations in FL, IL, LA, NJ, NY and PA. Headquartered in Atlanta, Georgia, Safeguard defines success by meeting the expectations of its investors, customers and colleagues. Safeguard is a privately held company owned by a real estate investment trust managed by Morgan Stanley Real Estate Advisors. Safeguard's mission is to lead the self storage industry in product Quality, Service and Value.

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