Metro Storage International (MSI) Opens First Store in São Paulo, Brazil
Metro Storage LLC Chairman Matthew M. Nagel announced the opening of the first MetroFit store in Sao Pãolo Brazil. The newly constructed three story, 75,000 square foot state of the art self storage facility features nearly 500 interior and drive-up self storage units. The store is located in the Vila Leopoldina district of São Paulo and is directly on the Marginal Highway, Sao Paulo’s busiest road with over 700,000 cars per day passing by MetroFit’s “Marginal” site.
The new MetroFit property in São Paulo is the first store within the Metro Storage International (MSI) portfolio. “We’re excited about this first step in our international expansion,” said Blair Nagel, CEO of Metro Storage LLC. “Brazil provides some exceptional opportunities for growth in self storage.” The Marginal store is the first of two sites that are to be developed under a private Fund raised last year by MetroFit to attract and deploy capital across the self storage sector in Brazil.
The new Marginal store was designed to meet the needs of the growing consumerism within Sao Paulo – both residential and commercial. The design of the building features the bold MetroFit brand and offers a variety of features including: an indoor drive-thru, state of the art video surveillance with DVR and CCTV, and wine storage.
Construction of the Marginal store began in June, 2013. “It was a complex and coordinated effort to bring everything together,” said Jay Harron, President of MSI. “The MetroFit team in Brazil worked closely with their U.S. counterparts at Metro Storage to make it happen.”
The MetroFit team had a very busy fourth quarter to get the store operational. “We wanted to deliver an exceptional store in an exceptional location with outstanding architecture and functionality,” said Hans Scholl, President of MetroFit. “I am happy to say that our team delivered on all of these items.”
The next MetroFit store is currently under construction and scheduled to open in the summer of2014, and MetroFit is actively pursuing a significant pipeline of additional self storage projects.
About Metro Storage LLC
Metro Storage LLC, operating under the trademark Metro Self Storage®, is a privately owned, fully integrated real estate operating company specializing in the development, acquisition and management of self-storage facilities nationwide. Headquartered in Lake Forest, Illinois, the company is the 11th largest operator of self-storage facilities in the United States with over 80 stores in 11 states. Metro Storage International is a wholly owned subsidiary of Metro Storage LLC, dedicated to development in emerging markets outside of the United States. More information about the firm is available at www.metrostoragecorporate.com.