IOS Daily - October 19 - Alterra IOS buys 39.4 AC IOS in Memphis, TN, for $8.5M

NEWS ROUNDUP

ACQUISITION: Alterra IOS buys 39.4 AC IOS in Memphis, TN, for $8.5M. Alterra IOS has acquired 5660 Universal Drive in Memphis, Tennessee. The property includes a 53,402 SF warehouse and is currently leased to The Hub Trucking Group. Parker Pearson led the Alterra IOS deal team. Ben Ricketts with Colliers represented Alterra in the transaction, while Chris Watson with ReMax Commercial represented the seller.

ACQUISITION: EQT to buy Stockbridge for up to $550M. EQT has announced it will acquire 100% of Stockbridge, one of the top 10 IOS owners nationally, for $375M upfront plus up to $175M in earnouts. Stockbridge currently has $16.5B in fee-generating assets under management. The deal is expected to close in Q1 2027. As part of the deal, Stockbridge CEO Terry Fancher will become Vice Chair of EQT Real Estate under Henry Steinberg, EQT’s Global Head. Stockbridge CFO Kristin Renaudin will become Global CO of EQT Real Estate, and Tuba Malinowski of Stockbridge will become Head of US Diversified Real Estate. Per Franzen will continue to serve as CEO and Managing Partner of EQT.

ACQUISITION: Rockbrook Equity buys 1.03 AC IOS in Dallas-Fort Worth metro. Rockbrook Equity has acquired 717 Tower Lane in McKinney, Texas. The property features a 6,480 SF industrial building. Cole Horowitz and Jon Birnbrey led the Rockbrook deal team. Joseph Cooper and Katrina Kieu with Partners are currently marketing the property for lease.

ACQUISITION: Lee & Associates sells 2.11 AC IOS in Phoenix metro area. Lee & Associates has facilitated the sale of 4345 North Cotton Lane in Goodyear, Arizona. The property includes a 7,390 SF industrial building. Blake Peters, Chris McClurg, and Ken McQueen with Lee & Associates represented the buyer in the transaction. Fenton Kelly, also with Lee & Associates, represented the seller.

LEASE SIGNED: Commercial Properties Inc. leases 3.03 AC IOS in Tucson, AZ. Commercial Properties Inc. (CPIAZ) has facilitated the leasing of 601 West Flores Street in Tucson, Arizona. The property features a 20,613 SF truck terminal. The new tenant is Dedicated Delivery Professionals. The landlord is Cubework, whose deal team was led by Montana McCarter and Leo Huang. Jeff Hays and Samuel Rutledge led the CPIAZ deal team in the transaction.

LEASE SIGNED: RealSite Commercial leases 2.99 AC IOS in Nashville, TN. RealSite Commercial has facilitated the leasing of 1333 Foster Avenue in Nashville, Tennessee. The property features a 24,567 SF truck maintenance facility. Ronnie Wenzler with RealSite represented the tenant in the transaction. Hi Lewis, Tee Patterson, and Jake Morris with Charles Hawkins Co. represented the landlord.

2.3 AC | Fenced, Secured, and Fully Paved Yard | 29 Auto Parking Stalls | 13,667 SF Building (13.6% Coverage Ratio) with 18’ Clear Height, 4 Dock-High Doors, and 1 Grade-Level Door | Immediate Access to I-710 and CA-60 for Regional Distribution | Within Minutes of I-5 and I-10 | Close Proximity to Both San Pedro Bay Ports

2.47 AC | 560 SF Office Trailer | 1,600 SF Canopied Shop | Electric and Septic to Site | Seller Financing Available | Frontage on Broadway Road | Proximity to I-17

1.81 AC | Stabilized Yard | Exceptional Freeway Exposure | Secured with Electric Gate | City of Houston Water | Quick Access to Beltway 8, Loop 610, Bush IAH, and Downtown Houston

4.99 AC | 6,284 SF Metal Warehouse with (2) 10’x10’ Grade-Level Roll-up Doors and (1) 10’x10’ Dock-High Loading Bay | 680 SF of Office Space | 0.1 Miles from US-441 with Connectivity to FL-414, FL-429, Florida’s Turnpike, and I-4

3.25 AC | 4,900 SF Building with 1,100 SF Office | Stabilized and Fenced Yard | 4 Oversized Grade-Level Doors | 1,000 SF Overhang for Covered Storage | 3-Phase Power | I-10 East Highway Frontage and Visibility

3.94 AC | Brand-New Paving | Fully Lit | Secured and Gated | 12,672 SF Metal Warehouse | 1,500 SF of Office Space | 70-100 Trailer Stalls | 2,000 Amps