Alterra IOS Acquires Portfolio of 7 Industrial Outdoor Storage Sites Totaling 23 Acres

November 11, 2024 at 12:36 PM EST

The sites are strategically located in seven key logistics and transportation hubs across the U.S.

Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired over 280 sites nationwide, today announced the acquisition of seven IOS sites totaling 23 usable acres. The sites are fully leased to a national leader in telecommunications and broadband networks. Each parcel is strategically located across metropolitan areas in Dallas, Minneapolis, Indianapolis, Chicago, Nashville, Cleveland, and St. Louis.

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Aerial View of 13 Guenther Boulevard in St. Peters, Mo. (Photo: Business Wire)

“This acquisition reflects Alterra’s dedication to being a trusted leader in the industrial outdoor storage sector,” said Parker Pearson, Vice President of Acquisitions at Alterra. “Fully leased to a national telecommunication supply company, this seven-site portfolio provides strategic connectivity near major interstates and logistics hubs. With demand growing, we’re focused on fostering lasting relationships with our tenants and supporting their nationwide expansion efforts.”

Below are the locations included in this transaction:

2629 Blue Mound Road W in Haslet, Texas (Dallas Fort-Worth MSA): 4.9 usable acres with 21,839 square feet of accompanying warehouse space.

17270 N 113th Avenue in Osseo, Minn. (Minneapolis MSA): 3.2 usable acres with 24,000 square feet of accompanying warehouse space.

3601 N Arlington Avenue in Indianapolis, Ind. (Indianapolis MSA): 3.5 usable acres with 14,400 square feet of accompanying warehouse space.

22791 Challenger Road in Frankfort, Ill. (Chicago MSA): 3.0 usable acres with 13,250 square feet of accompanying warehouse space.

200 Easy Street in La Vergne, Tenn. (Nashville MSA): 1.0 usable acres with 10,500 square feet of accompanying warehouse space.

36454 Mills Road in Avon, Ohio (Cleveland MSA): 5.0 usable acres with 14,600 square feet of accompanying warehouse space.

13 Guenther Boulevard in St. Peters, Mo. (St. Louis MSA): 2.3 usable acres with 29,000 square feet of accompanying warehouse space.

Alterra’s investment strategy focuses on strategic locations with access to critical infrastructure. This portfolio bolsters Alterra’s regional presence across seven core logistics markets, as all seven sites are situated near city downtowns, interstate highways, international airports, and rail networks. CRE Advising facilitated the acquisition of the portfolio.

Alterra is one of the nation’s largest owners of industrial outdoor storage space, having acquired more than 280 properties in more than 30 states across the U.S. As a vertically integrated investor, developer, and operator of IOS, Alterra is uniquely positioned to serve companies in search of national connectivity to store equipment, machinery, vehicle fleets, shipping containers, building materials, retail inventory, and more.

About Alterra IOS

Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the U.S. industrial landscape. Over the past six years, Alterra IOS has created tenant relationships in the transportation & logistics, vehicle storage, equipment rental, and building materials industries through the acquisition or development of over 280 properties across 30+ states as of Q3 2024. The dedicated team of investment, development, construction, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions.