Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage locations across North America, has purchased two Chicago-area self-storage facilities: Stor-More in Elgin, Ill., and Chicagoland Self-Storage in Streamwood. Together, the properties contain 389 units. The Elgin property will be remotely operated by the other site, according to a press release.
U-Haul Storage of East Elgin at 796 Bluff City Blvd. and U-Haul Moving & Storage of South Streamwood at 529 E. Lake St. offer moving and packing supplies, self-storage, truck and trailer rentals, and more. U-Haul plans to add individual alarms to the units, the release stated.
"We have a huge customer base in this area and, before acquiring these facilities, it was being served by our neighborhood dealers," said Angela Farley, president of the U-Haul Co. of Chicago Western Suburbs. "Now customers have additional moving and self-storage options at U-Haul-owned and -operated locations. As an added bonus, we are able to keep building materials out of landfills by reusing these old self-storage facilities."
The acquisition of the Illinois properties was driven by U-Haul’s corporate sustainability initiatives, which support infill development to help local communities lower their carbon footprint, the release stated. U-Haul’s adaptive reuse of existing structures eliminates the amount of energy and resources required for new-construction materials and helps local cities diminish their unwanted inventory of unused buildings, U-Haul officials said.
Established in 1945, U-Haul has more than 44 million square feet of storage space at its owned facilities throughout North America.
