Alterra IOS Expands National Presence in Key Markets

Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired over 400 sites nationwide, said Monday it acquired 11 IOS properties concentrated in major industrial and logistics hubs across the U.S. Terms were not disclosed. All properties are fully stabilized and wholly leased to a national equipment rental company.

The portfolio contains assets near critical logistics and transportation corridors in markets including Chicago, Houston, the San Francisco Bay Area, and Northern New Jersey.  The transaction expands Alterra’s national presence in key markets.

“This portfolio is representative of our core thesis – acquiring well-positioned industrial outdoor storage assets with grade level warehouses and supportive IOS zoning,” said Mark Gannon, SVP of acquisitions, Alterra IOS. “These properties can serve a wide range of IOS tenants across multiple industrial sectors, and as such, we expect sustained demand for these specific properties over the long term.”

This transaction was brought to Alterra IOS by Tom Lasky and Anthony VanVoorhis of Colliers. 

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