Morgan Group in conjunction with 1750 Self-Storage, LLC, developed an efficient vertically oriented, 91,000 square feet Class A self-storage facility located at 1750 Central, Mount Prospect, Illinois. This site had great demographics located in a high traffic area and a high barriers to entry location within the market. Morgan acquired, developed and converted property to 3rd generation premium self-storage facilities.
Morgan established a strategic alliance with many of the largest New York Stock Exchange self storage REITís that offer 3rd party management services. This property is managed by Extra Space providing excellent marketing, management and technology resources. Additionally, these self-storage REITís companiesí primary expansion strategy is the acquisition of their managed properties, providing developers an excellent exit strategy.