Alterra IOS Acquires Two Industrial Outdoor Storage Sites in Columbus, Ohio
2024年8月2日 - 2:29AM
ビジネスワイヤ(英語)
The locations represent 22.3 acres of usable
land, offering tenants easy access to regional transportation hubs
and major Midwest cities
Alterra IOS, a prominent player in the industrial outdoor
storage (IOS) sector which has acquired over 270 properties
nationwide, today announced the acquisition of two IOS properties
totaling 22.3 acres within the city of Columbus, Ohio. The sites
include 4080 Business Park Drive and 2222 New World Drive.
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Aerial view of 4080 Business Park Drive
(Photo: Business Wire)
Both properties are located just minutes from downtown Columbus,
offering tenants easy access to major interstate highways, national
rail networks, and international airports. Columbus’ location in
the heart of the Midwest allows for seamless exchange across
multiple states.
“Alterra IOS continues to expand our footprint in a key Midwest
industrial and logistics market with the acquisition of two
strategically located, infill IOS properties. Both properties
reinforce our commitment to providing high-quality industrial
outdoor storage solutions to our tenants.” – Parker Pearson (Vice
President, Acquisitions)
4080 Business Park Drive spans over 8.3 usable acres and
features 20,120 square feet of accompanying warehouse space. A
leading national full-service trailer leasing provider entered into
a long-term lease agreement at closing. The property provides
immediate access to two of the largest interstate highways in the
Midwest, I-70 and I-270. 4080 Business Park Drive is also located
within close proximity to some of the largest transportation hubs
in the area including the CSX terminal and the Norfolk Southern
Intermodal Terminal, as well as John Glenn and Rickenbacker
International Airports.
2222 New World Drive includes 14 usable acres with 50,238 square
feet of accompanying warehouse space. The property offers tenants
direct access to both John Glenn and Rickenbacker International
Airports and to major interstates such as I-70, I-71, and I-270.
The location provides connectivity not only to the Columbus
metropolitan area but multiple major cities in the Midwest
including Cleveland, Chicago, Detroit, and Indianapolis.
Additionally, the site is served directly by CSX rail and sits just
five miles from the Norfolk Southern Intermodal Terminal.
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. This acquisition brings Alterra’s total number of owned
sites in the Columbus area to six.
JLL facilitated the acquisition of 2222 New World Drive.
Ascension Advisory facilitated the acquisition of 4080 Business
Park Drive.
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