Cedar Lake is one of two new locations for StorSafe Self Storage, which now has 29 facilities.
The acquisitions, the second in Melbourne, Florida, bring the Chicago-based company's storage space to 1.7 million square feet. Both locations were chosen for their population growth and atmosphere.
“These acquisitions are not just about growth; they are about strengthening our commitment to providing unparalleled storage solutions,” said Tom Bretz, CEO of both Elmdale Partners and StorSafe. “Cedar Lake and Melbourne are vibrant communities where we see tremendous potential to make a positive impact. Our continued expansion aligns with our mission to redefine the self-storage experience for owners and customers alike.”
StorSafe is a subsidiary of Elmdale Partners, a real estate investment firm based in Chicago. The Cedar Lake location is at 13649 Wicker Ave.
“Our team’s due diligence experience collaborating with local officials, navigating hurdles and leveraging market insights is the foundation that allows us to grow despite market challenges and other economic uncertainties,” said Matt Clark, StorSafe director of operations. “While short-term challenges persist, the long-term outlook for self-storage remains positive, driven by ever evolving consumer needs and industry adaptability.”
StorSafe also offers third-party management services to owners of self-storage facilities.
StorSafe, which was founded in 2021, was named to the Inside Self-Storage list of top operators in 2023. The were listed as No. 93. The company also has facilities in Munster, Merrillville, Crown Point and Michigan City.
