Hernandez Development and XSITE Real Estate have announced the site plan approval from the Planning and Zoning Department of DuPage County for a Class A Self-Storage facility and mixed-use development situated in the thriving Village of Naperville, IL.
Upon completion of construction, this project will feature a Class A climate-controlled self-storage facility, a one-story Little Sunshine Playhouse & Playschool Facility, and a drive-thru-only Scooter’s Coffee. The total square footage of the self-storage facility will be 120,300.
The development is located on 75 th Street. With a daily volume of 41,900 vehicles per day, this street serves as an important artery, providing access within Naperville and connecting major roads, enhancing the site’s accessibility. This Class A self-storage property will be a 3-story building that will boast 89,900 net rentable square feet while offering 882 climate-controlled units. The facility will be managed by industry leader, CubeSmart.
Naperville is one of the most affluent suburbs in the Chicago MSA. The area currently offers a low 6.07 square feet of self-storage per person, with the average utilization rate of 8.44 square feet as the indicator of equilibrium. This gap between the average use and the current supply indicates a supply shortage of 2.37 square feet per person. The growing need for climate-controlled units is driven by an increasing awareness of the benefits of preserving valuable items.
About The Developer
This project results from a strategic partnership between two industry leaders: Hernandez Development, known for its extensive experience and expertise in self-storage development, and XSITE Real Estate, an Illinois-based retail leader.
Hernandez Development
Established in 2002, Hernandez Construction and Development is a three-dimensional Commercial Real Estate firm. We are a Developer, Construction Manager, and Development Management firm with primary expertise in Industrial, Retail, Office, and Self-Storage. A recognized nationally ranked commercial construction manager and developer focusing on developing and managing Class A self-storage facilities in supply-constrained core commercial markets. We are an organization with a team of highly skilled industry experts with over 20 years of experience and over 16M SF of completed projects.
XSITE Real Estate
A Burr Ridge, full-service commercial real estate firm Xsite Real Estate is an Illinois-based, comprehensive real estate firm that offers a complete range of services, including brokerage, acquisition, and development of commercial properties. With our vast industry knowledge, we excel at identifying the best opportunities for our clients. Strategically focusing on real estate development in the Midwest region, our nationwide network of brokers, tenants, and investors enables us to offer innovative solutions that are tailored to fit your specific real estate needs.
Media Contacts:
Yara Domiati – Marketing Associate
yara.domiati@hernandez-group.com
Melissa Lee – Marketing Manager
melissa.lee@hernandez-group.com
Source: Hernandez Development
