LAKE FOREST, IL April 14, 2015 – Metro Storage LLC announced the expansion of its presence in the Philadelphia market with the acquisition of the two-store StorageWORKs portfolio and the Newtown Storage facility. The facilities are located in the northern Philadelphia suburbs of North Wales, Warminster and Newtown and add 191,000 rentable square feet, 1,589 storage units, and 58 parking spaces units to Metro Storage’s existing Pennsylvania portfolio.
“This quality portfolio acquisition and its related development expansion broadens our Metro Self Storage footprint in the suburbs of Philadelphia to 10 stores, with more than 7,000 rental units to offer the self storage consumers in the market area.” said Metro Storage LLC Chairman Matthew Nagel.
The property at 418 N. Sumneytown Pike in North Wales, Pennsylvania consists of eight buildings containing 600 self storage units and 15 parking spaces. Features include interior climate and non-climate controlled units, convenient exterior drive-up storage units, wide asphalt driveways, perimeter fencing, automatic gates and doors, and video monitoring.
The facility at 1634 Mearns Road, Warminster, Pennsylvania has multiple single-story buildings with 751 self storage units and 43 parking spaces. Features include climate and non-climate controlled units, drive up access, RV/boat parking space, and state of the art security.
The store located at 100 Upper Silver Lake Road in Newtown, Pennsylvania consists of 238 non-climate controlled self storage units. Features include convenient exterior drive-up storage units, perimeter fencing, and video camera system.
“The addition of these three stores rounds out our ability to better serve the storage needs of the surrounding community and positions Metro for continued success in the Philadelphia area.” said Blair Nagel, CEO of Metro Storage LLC.
About Metro Storage LLC
Metro Storage LLC is a privately owned, fully integrated, international self-storage operating company specializing in the development, construction, acquisition, and management of self-storage facilities in the USA and Brazil. Metro operates under the trademark Metro Self Storage in the US, being one of the top 10 largest owner/operators of self-storage facilities in the United States with over 100 stores covering 11 states. Metro operates in Brazil under the trade name MetroFit which is one of the fastest growing self-storage companies in Brazil. More information about the firm is available at www.metrostoragecorporate.com.