Introduction to Recent Acquisitions by Alterra IOS
Alterra IOS, a significant player in the industrial outdoor storage sector across the United States, has announced the acquisition of four new properties in the Dallas-Fort Worth metropolitan area. These acquisitions reflect the company's strategic approach to expanding its portfolio, bringing their total to over 300 sites nationwide. With a commitment to providing prime storage solutions that cater to the needs of various sectors, Alterra is set to make waves in this thriving market.
Locations and Details of the New Properties
The newly acquired sites encompass 34.9 usable acres, strategically chosen for their proximity to essential infrastructure and services. Each property is positioned within a reasonable distance from downtown Dallas, ensuring enhanced access to major highways and transportation networks.
8738 Forney Road, Dallas
The site at 8738 Forney Road captures 10.1 usable acres and includes a substantial 14,100-square-foot warehouse. This fully paved, rail-served location lies just eight miles from downtown Dallas, providing tenants with easy access to major highways like I-30 and I-635. It's fully leased to a national distributor specializing in building materials, underscoring the property's operational significance due to its rail spur, which streamlines distribution processes.
2260 Market St., Garland
Another noteworthy site is 2260 Market St., which occupies 7.4 usable acres with a total warehouse space of 87,780 square feet. Located twelve miles northeast of downtown Dallas, this property features a unique concrete yard and is fully leased to a key player in the building product supply industry, ensuring continuous operational activity. Its strategic location near I-635 sets it apart, offering tenants rare accessibility in the Garland area.
7050 Jack Newell Blvd. South, Fort Worth
This site boasts 14.8 usable acres alongside 14,000 square feet of warehouse space. Significant improvements have been made to this location, which features new fencing, office upgrades, and a new roof. Its proximity—just a mile from major routes such as I-30 and I-820—ensures tenants enjoy excellent regional connectivity, a crucial factor for distribution-focused businesses.
2420 113th St., Grand Prairie
The fourth site, located at 2420 113th St., covers 2.5 usable acres and includes 13,276 square feet of warehouse space. This fully improved area is leased to a prominent national lawn care company, further diversifying Alterra's tenant base. Featuring easy access to critical routes such as Route 360 and I-30, this property is poised to support its tenant's logistical needs effectively.
Strategic Expansion in an Ideal Market
According to Mark Gannon, Senior Vice President of Acquisitions at Alterra IOS, the Dallas-Fort Worth market is exceptionally appealing due to its large population and robust economic growth. This region consistently attracts significant national tenants, making it a ripe area for alteration IOS's investment strategy. With a focus on acquiring properties that offer tenants seamless access to critical infrastructure, Alterra ensures their sites support efficient operations and logistics.
About Alterra IOS
Established as one of the largest owners of industrial outdoor storage space in the country, Alterra IOS specializes in acquiring and managing properties that cater specifically to industries requiring outdoor storage capabilities. With over 300 sites acquired across more than 35 states, Alterra's strategy emphasizes creating valuable tenant relationships in sectors such as transportation, logistics, vehicle storage, and building materials.
Alterra's dedicated team of experienced professionals works diligently within the realms of investment, development, construction, and asset management. Their commitment ensures that tenants receive the support they need to enhance their businesses through focused site selection and development opportunities. As Alterra IOS continues to grow, their established presence in the market reinforces their position as a leader in industrial outdoor storage.
Frequently Asked Questions
What is Alterra IOS?
Alterra IOS is a prominent company specializing in the acquisition, development, and management of industrial outdoor storage properties across the United States.
How many properties has Alterra IOS acquired?
Alterra IOS has acquired over 300 industrial outdoor storage sites in more than 35 states.
What are the benefits of the new properties acquired in Dallas-Fort Worth?
The new properties provide excellent access to major transportation routes and are leased to significant tenants, ensuring operational efficiency for their businesses.
Why is the Dallas-Fort Worth area appealing for industrial outdoor storage?
The region's substantial population growth and economic expansion contribute to its attractiveness, making it a hotspot for major national tenants.
What sectors does Alterra IOS serve?
Alterra IOS serves various sectors, including transportation, logistics, vehicle storage, equipment rental, and building materials industries.
