IOS Daily - September 20 - Alterra buys 4 Texas IOS sites

NEWS ROUNDUP

ACQUISITION: Alterra buys 4 IOS properties totaling 17 acres in Houston MSA. Alterra IOS has acquired the following Houston area properties:

• 8121 and 8223 Parkside Avenue in Baytown, Texas — 7.2 acres with 50,000 SF of warehouse space. Lee & Associates facilitated the acquisition.

• 5100 Underwood Road in Pasadena, Texas — 5 acres with 57,000 SF of warehouse space and its own rail spur. The deal was sourced off-market through a tenant relationship.

• 9002 Wayfarer Lane in Houston, Texas — 4.6 acres with 40,930 SF of warehouse space. The deal was facilitated by Zane Carman of Partners Real Estate.

DISPOSITION: SRS sells 4.44 acre IOS in Portland, OR for $4.605M. SRS RE Partners has sold 4000 Northeast Columbia Boulevard in Portland, Oregon. The property features a 32,200 SF building and is currently leased to United Rentals. The buyer is a fund looking for IOS opportunities. The SRS deal team included Jack Cornell and Max Finn.

ACQUISITION: L&A brokers $5.2M sale of 2.05 acre site in Sacramento, CA. RWC Building Products has acquired 7901 14th Avenue in Sacramento, California. The low-coverage industrial site features a 27,628 SF warehouse. Alex Weiss with Lee & Associates represented RWC in the deal.

DEVELOPMENT: Transport Properties develops 2.32 acre IOS in Chicago. Transport Properties has completed the development of 2545 West Fulton Street in Chicago, Illinois. The site features a 7,500 SF repair facility and is owned by Transport Properties in a partnership with GFH. A Transport team led Rachel Field delivered the property to the tenant, WeDriveU.

READ: Zeem makes a major investment in fleet electrification.

Click on each photo for more information.

1.88 AC | 7 Spaces Totaling 9,867 SF | 2 Fenced Yards | Sewer and Electric

4.2 AC | 1,500 SF Building | Immediate Access to Hwy 290 | Well and Septic | Partial Concrete Yard

6.6 AC | 5,500 SF Building | Immediate Access to I-20, I-285, and Hartsfield-Jackson Atlanta Intl. Airport

Click on each photo for more information.

9.5 AC | Well and Septic | Fenced, Lit, and Aggregate Concrete Yard | Potential to Subdivide With Own Perimeter Fencing

4.55 AC | 39,850 SF Terminal and 4,000 SF Service Building | 3 Grade-Level Drive-Thru Bays | Access to I-95, I-295, PA Turnpike, and Port of Philadelphia | Fenced and Paved Lot

8.8 AC | Total 16,983 SF Building with 1,783 SF Office and 9,850 SF Warehouse | Liberal M-3 Zoning