Alterra IOS Expands Nationwide Presence with Seven New Acquisitions
Slice of Real Estate Team
11/14/2024
Key Highlights:
- Alterra IOS acquires seven new sites totaling 23 acres across Dallas, Minneapolis, Indianapolis, Chicago, Nashville, Cleveland, and St. Louis.
- Properties fully leased to a leading telecom and broadband network company, reinforcing Alterra’s commitment to strategic partnerships.
- Strategic locations near interstates, airports, and rail networks bolster Alterra's connectivity for tenant operations.
Source: Business Wire
Quotes
“ "This acquisition reflects Alterra’s dedication to being a trusted leader in the industrial outdoor storage sector. 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." ”
Parker Pearson, Vice President of Acquisitions at Alterra IOS
Our Take:
Alterra IOS’s recent acquisition of seven strategic sites across key metropolitan areas is a testament to the growing demand for industrial outdoor storage, particularly in sectors reliant on national connectivity, like telecommunications. By securing high-value sites fully leased to a telecom leader, Alterra cements its position in the IOS market, catering to logistics and infrastructure needs that enable tenant expansion. This expansion aligns with a broader industry trend where logistics and industrial real estate are increasingly becoming foundational in supporting digital infrastructure growth across the U.S.
