Business
Strategic Storage Trust IV Opens Newly Constructed Facility Location in Greater Toronto Area
Strategic Storage Trust IV Opens Newly Constructed Facility Location in Greater Toronto A...
About this update from Smartcentres Real Estate Investment Trust
[{"type":"text","content":"\n \n \n \n Strategic Storage Trust IV Opens Newly Constructed Facility Location in Greater Toronto Area\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 4, 2021\n \n /CNW/ --\n \n Strategic Storage Trust IV, Inc. (\"SST IV\")\n \n , a public non-traded real estate investment trust sponsored by an affiliate of\n \n SmartStop Self Storage REIT, Inc.\n \n (\"SmartStop\" or the \"Company), today announced the opening\n \n of\n \n a newly constructed self storage facility in\n \n Vaughan, Ontario, Canada\n \n in partnership with SmartCentres (TSX: SRU.UN).  This is SmartStop's 16\n \n th\n \n owned or managed location in the\n \n Greater Toronto Area\n \n (GTA), and 150\n \n th\n \n property in\n \n North America\n \n .\n \n \n \n \n \n \n \n \n \n The ground-up, four-storey development is located at 50 Cityview Blvd in the\n \n Vaughan\n \n community. This prime location provides direct visibility from Highway 400, which links the\n \n City of Toronto\n \n in the south with the central and northern regions of the province. This facility serves the communities of\n \n Maple\n \n ,\n \n Woodbridge\n \n ,\n \n Kleinburg\n \n ,\n \n Weston Downs\n \n ,\n \n Mackenzie Ridge Ambassador Hills\n \n ,\n \n Columbus Trail\n \n and Vellore and is conveniently located adjacent to the SmartCentres Vaughan shopping centre, The Home Depot and the Walmart Supercentre. The property's 1,050 units are 100% climate-controlled across approximately 103,000 square feet. The property offers customers a variety of amenities including state-of-the-art security systems, elevators, keypad access, a gated loading area and more.\n \n \n \"We are thrilled to open the third ground up SmartStop development in partnership with SmartCentres in the\n \n Greater Toronto Area\n \n ,\" said H.\n \n Michael Schwartz\n \n , Executive Chairman of SmartStop. \"With its favourable demographics and supply constraints, the GTA is arguably the most attractive self storage market in\n \n North America\n \n and serves as a significant opportuni...