SELF STORAGE PORTFOLIO SELLS FOR $13.5 MILLION IN CHICAGO

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CHICAGO AND CICERO, ILL. — JP Morgan Asset Management has completed the disposition of a four-property, self-storage portfolio for $13.5 million. The portfolio consists of approximately 321,000 square feet of rentable storage space and 2,285 storage units. Ladera Ranch, Calif.-based Strategic Capital Holdings acquired the property, which was 76 percent occupied at the time of acquisition. The assets are located at 1000 E. 95th St. and 2244 S. Western Ave. in Chicago, and 5701 W. Ogden Ave. and 5525 W. Roosevelt Road in Cicero. Marc Boorstein and Jeff Jacobson of MJ Partners Real Estate Services represented the seller in the transaction.

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