Alterra IOS Acquires 3 Industrial Outdoor Storage Sites in Atlanta MSA
2024年7月11日 - 12:12AM
ビジネスワイヤ(英語)
Alterra continues to expand its presence in the
Atlanta metropolitan area, with 3 new acquisitions growing the
firm’s regional portfolio to 23 properties
Alterra IOS, a prominent player in the industrial outdoor
storage (IOS) sector that has acquired over 270 properties
nationwide, today announced the acquisition of three IOS properties
totaling 28 acres in the Atlanta metropolitan area. The locations
include the following: 0 Liberty Industrial Park in McDonough,
Georgia; 2620 Campbell Boulevard in Ellenwood, Georgia; and 498
Tuggle Greer Drive in Buford, Georgia.
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Aerial view of 2620 Campbell Boulevard.
(Photo: Business Wire)
Each location is strategically situated within a large
industrial pocket in their respective submarkets, offering
functionality and convenient access to major highways.
“Alterra IOS continues to lean into the Atlanta MSA and will
continue to do so for the foreseeable future. The region has a lot
of the ingredients we look for in a market, including a
pro-business climate that is continually ranked near the top
nationally by Site Selection Magazine, home to 19+ Fortune 500
Headquarters and the busiest airport in the world, continued
investment in local and regional infrastructure, and proximity to
the fastest growing port in North America in Savannah, GA,” said
Charlie Totten, Senior Vice President, Alterra IOS. “All of
these things create an environment conducive for aggregating a
functional IOS portfolio.”
0 Liberty Industrial Park in McDonough, Georgia is currently
under construction with an expected delivery timeline of Q4, 2024.
The final product will be two Class A IOS facilities of 20,000 and
6,000 square feet on 12.5 usable acres collectively. The site
offers quick access to I-75 and will have three separate entrances
to facilitate convenient entry for multiple users.
2620 Campbell Boulevard in Ellenwood, Georgia is an existing
Class A facility with a 24,500 square-foot maintenance shop and
office spanning 10.5 paved acres. This irreplaceable IOS asset is
zoned Heavy Industrial and located in the densely populated I-675
corridor with many of the blue-chip logistics and transportation
tenants.
498 Tuggle Greer Drive in Buford, Georgia is a 5.3-acre site
with multi-directional access via 1-985 and I-85. The entirety of
the site is paved and includes approximately 39,000 square feet of
warehouse and office space.
Alterra is one of the nation’s largest owners of industrial
outdoor storage space, having acquired over 270 assets 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.
Park My Truck USA facilitated the acquisition of 0 Liberty
Industrial Park. Steven Bridges and Nat Weikert of OnPace Partners
will market 0 Liberty Industrial Park to prospective tenants.
Christian Samartino of Piedmont Properties and Jordan Camp of
Oakley Brokerage Partners facilitated the acquisition of 2620
Campbell Boulevard.
Mendy Ruder of Lee & Associates represented Alterra in the
acquisition of 498 Tuggle Greer Drive and will also market the site
to prospective tenants.
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
270 properties across 30+ states as of Q2 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.
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Media Contact: media@alterraproperty.com