Alterra IOS Expands Nationwide Presence with Seven New Acquisitions

Author

Slice of Real Estate Team
November 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

Notable Quote:

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"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.