Safeguard Self Storage Completes the Purchase of Land for a New Facility on 5026 North Sheridan Road in the "Uptown" Area of Chicago, Illinois

Online, June 3, 2014 (Newswire.com) - Safeguard Self Storage has announced the purchase, on May 28, 2014, of a land parcel to build a self-storage facility in the Uptown neighborhood of Chicago. The store, located at 5026 North Sheridan Road, will be the 69th store for the company nationally when completed and the 12th store in the Chicago area. Another store in the West Rogers Park neighborhood, will be the company's 11th store in Chicago and is presently under construction.

"The Chicago area is a terrific market for Safeguard and provides the company with the opportunity to add value to the Safeguard portfolio," says Allan Sweet, Safeguard Chief Executive Officer. "This property is in a region where the company already owns and operates stores and we consider its addition to our real estate holdings as an important next step for the company."

The 52,000 square-foot Uptown facility will provide 770 storage units in various sizes. Amenities at this location will include heated and air conditioned storage area, drive-up loading area, computer-controlled building access and digital/video recording of the property. The facade of the store has been modified and upgraded to blend into the surrounding neighborhood - see the before rendering (on the left above) and the after rendering (on the right above) of the façade.

"The Uptown store, similar to all our Chicago facilities, is designed to provide an exceptional customer experience," said Ken Finlay, Safeguard Senior Vice-President of Operations. "This facility will complement our product offerings in Illinois and demonstrates our commitment to and confidence in this strong market."

"The Uptown store and the West Rogers Park property are scheduled to open in 2015," said Jim Goonan, Senior Vice President of Development.