CHICAGO – May 11, 2020 – Abington Emerson Investments, LLC in a joint venture with ROC, Inc., completed the ground up development of a self-storage facility in the Chicago suburb of Willowbrook. The 150,000 SF facility consists of two, 100% air-conditioned buildings for self-storage and high-end car storage. The self-storage building has 398 units of various sizes. The Toy Box Car storage building has space for 108 cars and is one of the most exclusive car storage facilities in the Chicagoland market catering to owners of high-end luxury vehicles, offering wash bay/ towel service and spacious stalls with electric outlets. The property is located at a busy intersection with a high level of visibility and is situated within close proximity to residential and commercial sectors. The facility will be managed by Life Storage, Inc. and has started accepting tenants.
Abington Emerson’s partner, ROC, Inc and its principals have a long track record in industrial and storage investment and development and have been working with many national and regional storage operators. The construction of the property was completed in under a year and the facility is expected to be stabilized in the next 24 months.
“Our new Life Storage facility was developed in response to substantial demand for climate controlled space in the area. Furthermore, our state of the art car storage building should appeal to car collectors and owners throughout the Western suburbs of Chicago. We are very pleased with this development and excited to work with a best in class operator like Life Storage,” commented John Racich, who is responsible for the acquisition, management and sale of real estate investments for Abington Emerson in the Midwest region of the United States.
Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust (REIT) that acquires and manages self-storage properties throughout the United States. The company trades on the New York Stock Exchange under the symbol LSI. Life Storage, Inc. employs over 2,000 people and operates approximately 850 self-storage facilities encompassing over 55 million square feet in 29 states.