Inland, Devon Complete 797-Unit Class-A Self-Storage Facility in St. Louis
Inland Real Estate Investment Corporation and Devon Self Storage have announced the completion of a newly developed 80,217-square-foot Class-A self-storage facility in St. Louis, marking their 16th joint project under the Inland Investments-Devon partnership. The three-story, climate-controlled property, which features 797 storage units, was converted from an existing warehouse to meet growing demand for modern storage solutions in urban, institution-adjacent markets.
Strategically positioned near Washington University, the University of Missouri – St. Louis, St. Louis University, Forest Park, and Busch Stadium, the facility benefits from a highly visible and accessible location. “The area offers a blend of attractions, entertainment and proximity to major institutions,” said Greg Mackay, COO of Devon.
Keith Lampi, CEO and President of Inland Investments, emphasized the project’s alignment with demographic tailwinds. “St. Louis’s favorable demographic trends, including positive net migration, and an expanding household base are driving demand for storage space, which benefits our growing self-storage portfolio.”
Inland Investments now manages a self-storage portfolio exceeding $1.8 billion in assets under management, while Devon oversees operations at 190 properties across 31 states, making it one of the largest privately held self-storage operators in the country.
Pictured: Devon Self Storage in St. Louis