Storage USA Wants More Than 8 Stores in Market

RIVERWOODS, IL-Storage USA, Inc. now has eight self-storage facilities in the Chicago market with the opening of a 79,300-sf store at 991 N. Milwaukee Ave. in this northern suburb. Storage USA’s presence in the market started in 2000 with the purchase of five existing facilities and building two others in nearby Vernon Hills as well as Joliet.

The company is not done expanding in the market, officials say. Of particular interest are locations in suburban communities that restrict parking of commercial vehicles, boats, and RVs in driveways and multifamily parking lots. Senior vice president of acquisitions Bruce Taub says the firm looks for existing facilities with at least 40,000 sf. “We are always looking for good self-storage locations on arterial highways and in areas where there is strong demand for our product,” adds Joe Kenney, Storage USA’s development officer in Chicago.