StorageMart is a self-storage company with facilities in the USA, Canada and the UK.
Video StorageMart
Company overview
Early history
StorageMart was founded in 1999 and is headquartered in Columbia, Missouri by Gordon Burnam, who had been involved in the self-storage industry since 1974. Prior to founding StorageMart, Burnam founded the storage company Storage Trust, which he took public in 1994. He then sold the company to Public Storage for $600 million in 1999. StorageMart came to public attention in the early 2000s by using non-traditional buildings to house its storage facilities, including the use of a 10-story mid-rise building in Miami, Florida. This allowed the company to open facilities that were easily accessible for urban dwellers, and camouflage these facilities such that they appear to be just another office or residential complex. By the end of 2001 the firm had opened 31 facilities across the US, including both traditional storage units and climate-controlled units capable of housing more perishable or sensitive goods like wine.
North American expansion
The demand for self-storage spaces in the US grew over the early part of the 2000s. By 2005 the company had facilities in eleven states, including Texas, where it purchased five properties in March 2005. By 2006 the firm operated sixty facilities across the US.
In 2007 the company expanded into Canada, and according to Garry Marr of the Financial Post, it "is now one of the dominant players in the country with 70 properties and about 5 million square feet". This includes more than three dozen facilities in metropolitan Toronto. In 2011-12 these facilities installed 640,000 square feet of solar collectors on their roofs, providing 3 megawatts of power per year. In 2009 TKG-StorageMart Canada took ownership of InStorage Real Estate Investment Trust for about $416 million. This increased the number of storage facilities to 120, making it "one of the largest privately owned storage companies in North America" according to Cris Burnam. By 2012 StorageMart had more facilities in Canada than any other self-storage company.
As of 2013 the firm had 132 storage facility locations across the US and Canada. The company also sells moving and packing supplies. By May 2014 it had about 9.8 million square feet of rental space, in a total of 149. faciltieis The average length of stay in its units is 42 months. StorageMart facilities have been featured on shows including Storage Wars and Storage Wars: Canada. In 2014, it purchased 31 additional facilities. By 2016 the company had 172 locations.
Europe
In 2016, StorageMart acquired 15 locations in southeastern England, formerly owned by Big Box Storage Centre
Maps StorageMart
Management
Founder Gordon Burnam and his four children each hold executive positions within the company. Mike Burnam is the company's chief executive officer. The company president is Cris Burnam and CFO is Stephen M. Dulle.
References
External links
- StorageMart
Source of article : Wikipedia
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