Inland Acquires Self-Storage Facility in Joliet

Inland Real Estate Acquisitions negotiated and closed the purchase of an 859-unit self-storage facility in Joliet, Illinois, located 40 miles southwest of Chicago.

Mark Cosenza, senior vice president of Inland Acquisitions, with assistance from Brett Smith, VP and senior counsel of The Inland Real Estate Group, LLC, Law Department, completed the transaction on behalf of an Inland affiliate. Previously an ExtraSpace Self Storage property, the facility will be rebranded and fully managed by Devon Self Storage, a member of The Inland Real Estate Group of Companies, Inc.

Located at 2100 Essington Road, the two-story, 112,209 rentable square-foot facility was constructed in 2023. The main climate-controlled building comprises 764 units and 95 exterior drive-thru units, of which 13 are oversized.

“This facility offers the combination of accessibility, visibility, and market fundamentals that we look for in self-storage acquisitions,” said Cosenza. “The property’s ideal location and the area’s strong demographic trends made it an attractive opportunity that aligns with our long-term acquisition strategy.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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