LIFE STORAGE NEW LENOX
New Lenox, Illinois I 132,000 sq ft I Developer, Owner
Life Storage New Lenox is a 666 unit self storage development at a busy intersection of Haven Avenue and Gougar Road in New Lenox, Illinois, a growing and affluent Chicago suburb. The project fronts Interstate 80 with over 600 of highway frontage. The location has high barriers to entry, strong comparable rents, and lower grade competitors. The project will feature a class-A design with a unique interior drive isle which is very desirable in the cold Chicago winters. The project started construction in July 2019. Once complete, the facility will be managed by Life Storage, L.P. (NYSE: LSI), a REIT with 30 years of experience and 700+ locations.
Anticipated Completion: May 2020