{"id":1004720732,"date":"2024-07-11T03:46:52","date_gmt":"2024-07-11T11:46:52","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004720732"},"modified":"2024-07-11T03:46:54","modified_gmt":"2024-07-11T11:46:54","slug":"alterra-ios-buys-3-metro-atlanta-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-3-metro-atlanta-assets\/","title":{"rendered":"Alterra IOS Buys 3 Metro Atlanta Assets"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004720737\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/2620-campbell-blvd-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg\" data-orig-size=\"1064,799\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1718283595&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"2620-Campbell-Blvd\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg?w=1024\" height=\"769\" width=\"1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg\" alt=\"2620 Campbell Blvd. in Ellenwood, Ga.\" class=\"wp-image-1004720737\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg 1064w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg?resize=1024,769 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">The IOS property at 2620 Campbell Blvd. in Ellenwood, Ga. <em>Image courtesy of Alterra IOS<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Alterra IOS has acquired three industrial outdoor storage properties totaling 28 acres in the Atlanta metro area. The firm\u2019s portfolio in the region now comprises 23 properties.<\/p>\n\n\n\n<p>The assets include 0 Liberty Industrial Park in McDonough, Ga.; 2620 Campbell Blvd. in Ellenwood, Ga.; and 498 Tuggle Greer Drive in Buford, Ga. Alterra acquired them for a combined $22.4 million, public records show.<\/p>\n\n\n\n<p>According to the company, each property as well situated within an industrial area and with good access to major highways.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-ios-trio-up-close\">The IOS trio, up close<\/h2>\n\n\n\n<p>The property at 0 Liberty Industrial Park is currently under construction, with delivery expected in the fourth quarter. On completion, there will be two Class A IOS facilities of 20,000 and 6,000 square feet on 12.5 usable acres, featuring three entrances for convenient entry by multiple users.<\/p>\n\n\n\n<p>Park My Truck USA brokered the deal. In addition, Steven Bridges and Nat Weikert of OnPace Partners will spearhead leasing at the property.<\/p>\n\n\n\n<p>The Class A facility at 2620 Campbell Blvd. has a 24,500-square-foot maintenance shop and office on 10.5 paved acres. This asset is zoned Heavy Industrial and is in the densely populated I-675 corridor. Christian Samartino of Piedmont Properties and Jordan Camp of Oakley Brokerage Partners arranged its acquisition.<\/p>\n\n\n\n<p>The facility at 498 Tuggle Greer Drive is a 5.3-acre site with multi-directional access via interstates 985 and 85. The property is completely paved and includes about 39,000 square feet of warehouse and office space. Mendy Ruder of Lee &amp; Associates represented Alterra in the purchase and will also market the site to prospective tenants.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-niche-market-big-moves\">Niche market, big moves<\/h2>\n\n\n\n<p>The IOS market is characterized by steady investor demand, \u201csupported by long-term market dynamics, minimal cap-ex burdens, ease of construction, and stringent zoning requirements,\u201d which create barriers to entry and constrain supply, according to a June report from Matthews Real Estate Investment Services.<\/p>\n\n\n\n<p>The appeal to investors is boosted by annual rental escalators of 3 to 5 percent and near-universal triple-net lease structures, the report revealed.<\/p>\n\n\n\n<p>Against that backdrop, Alterra has engaged in a flurry of acquisitions. In January, the company <a href=\"https:\/\/www.commercialsearch.com\/news\/alterra-acquires-17-ios-properties-in-14-states\/\">executed a sale-leaseback<\/a> with TruGreen, the national lawn care company, involving 17 properties across 14 states and totaling 350,000 square feet of buildings and 44 acres.<\/p>\n\n\n\n<p>Almost simultaneously\u2014and in another sale-leaseback\u2014Alterra worked with ConGlobal Industries, a leading operator of intermodal, finished vehicle and depot service terminals, to <a href=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-conglobal-partner-on-outdoor-storage-portfolio\/\">acquire four IOS properties<\/a> totaling nearly 90 acres with more than 50,000 square feet of buildings. The properties are mostly in the Sun Belt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This acquisition brings the firm\u2019s regional portfolio to 23 properties. <\/p>\n","protected":false},"author":882,"featured_media":1004720737,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21748,21783,21742,32781],"tags":[52349,32762],"class_list":["post-1004720732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-industrial","category-investment","category-latest","category-southeast","tag-alterra-ios","tag-lee-associates"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alterra IOS Buys 3 Metro Atlanta Assets - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Alterra IOS has acquired three industrial outdoor storage properties totaling 28 acres in the Atlanta metro area.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-3-metro-atlanta-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alterra IOS Buys 3 Metro Atlanta Assets\" \/>\n<meta property=\"og:description\" content=\"Alterra IOS has acquired three industrial outdoor storage properties totaling 28 acres in the Atlanta metro area.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-3-metro-atlanta-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-11T11:46:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-11T11:46:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/2620-Campbell-Blvd-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1064\" \/>\n\t<meta property=\"og:image:height\" content=\"799\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-3-metro-atlanta-assets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-buys-3-metro-atlanta-assets\/\",\"name\":\"Alterra IOS Buys 3 Metro Atlanta Assets - 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