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The Lock Up was founded in 1976 by Robert Soudan and Charles Sample, who built their first self-storage facility in Northbrook, Illinois. Later, Soudan’s son, Bob Soudan, Jr., took over as president of The Lock Up. Soudan Jr. has also served as regional president, director and national president of the Self Storage Association.
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The acquisition increased the total number of owner operated UK Storage King facilities to 21, ranking them as the sixth largest self-storage company in the UK. [ 34 ] [ 35 ] From 31 March 2021 to 31 March 2022, Stor-Age completed 11 acquisitions, increasing their South African portfolio by two properties and their UK portfolio by nine. [ 25 ]
Since then, StorageMart has continued to grow, and as of 2021, operates more than 250 locations across the United States, Canada, and the U.K., making up approximately 15,200,000 square feet of rentable space across over 134,000 units. StorageMart acquired Manhattan Mini Storage in 2021, making it the largest private self storage REIT in the world.
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