Alterra IOS Adds Four Industrial Outdoor Storage Sites In Dallas-Fort Worth MSA

January 16, 2025 at 11:16 AM EST

Acquisitions grow the firm’s Dallas-Fort Worth portfolio to 10 properties, further solidifying its footprint in Texas’ largest market

Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired over 300 sites nationwide, today announced the acquisition of four IOS properties totaling 34.9 usable acres in the Dallas-Fort Worth metropolitan area. The parcels include 8738 Forney Road in Dallas; 2260 Market St. in Garland; 7050 Jack Newell Blvd. South in Fort Worth; and 2420 113th St. in Grand Prairie.

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Aerial View of 8738 Forney Road (Photo: Business Wire)

“Dallas-Fort Worth’s outsized population and economic growth make it an ideal market for IOS investment, as it continues to attract the attention of major national tenants,” said Mark Gannon, Senior Vice President of Acquisitions at Alterra IOS. “Alterra’s recent acquisitions each offer tenants convenient access to DFW’s extensive infrastructure and thriving logistics network. We are excited to continue expanding our presence in this dynamic region.”

Each site is located within 20 miles of downtown Dallas, providing ample access to the DFW Metroplex’s network of state and interstate highways, international airports, and freight transportation. Locations are equipped with the following:

8738 Forney Road represents 10.1 usable acres with 14,100 square feet of accompanying warehouse space. The fully paved, rail-served site is located eight miles from downtown Dallas, providing easy access to I-30 and I-635. The parcel is fully leased to a national distributor of specialty building materials, with the site’s rail spur serving as a crucial facilitator for the tenant’s operations and distribution. Ricardo Camarena of Marcus & Millichap facilitated the acquisition.
2260 Market St. is a 7.4 usable acre, fully paved site. The property includes 87,780 square feet of accompanying warehouse space and a full concrete yard. Its location, twelve miles northeast of downtown Dallas, offers immediate proximity to I-635, a rarity in Garland. The location is fully leased to a leader in exterior and interior building product supplies. Alexander Harrold of Matthews Realty facilitated the acquisition.
7050 Jack Newell Blvd. South represents 14.8 usable acres with 14,000 square feet of accompanying warehouse space. The property features recently completed site work, including fence work, office renovations and a new roof. Located just one mile from I-30, I-820, and State Highway 121 S, the asset benefits from strong regional connectivity. This acquisition was facilitated by Bo Puckett and Caleb McCoy of JLL.
2420 113th St. is a 2.5 usable acre, fully improved site with 13,276 square feet of accompanying warehouse space. Leased to a leading national lawn care company, the property provides easy access to Route 360, Route 161, Route 183 and I-30. Robert Morris of Rubicon Representation facilitated the acquisition.

Alterra’s investment strategy centers on acquiring prime locations with access to essential infrastructure, ensuring seamless connectivity and operational efficiency for its tenants. A primary emphasis is placed on securing properties within dense, infill industrial clusters surrounded by similar IOS users.

Alterra is one of the nation’s largest owners of industrial outdoor storage space, having acquired more than 300 properties in more than 35 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 300 properties across 37 states as of Q4 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.