Alterra IOS Expands in Southern New Jersey with Key Acquisitions
Deal News | Mar 27, 2025 | Globenewswire
Alterra IOS, a leading player in the industrial outdoor storage space, has expanded its footprint in Southern New Jersey with the acquisition of two key properties. These sites, located in Swedesboro and Paulsboro, total seven usable acres and are strategically positioned near major transportation infrastructure, including the Philadelphia International Airport and the Port of Philadelphia. The properties are already leased to national leaders in equipment rental services, providing facilities that enable access to the Mid-Atlantic’s extensive logistics network. Alterra’s investment strategy prioritizes securing locations within dense industrial clusters to ensure efficient operations and connectivity for tenants. The company, which operates over 300 properties nationwide, emphasizes properties with significant yard space and low-building coverage to cater to diverse storage needs. These recent acquisitions align with Alterra’s commitment to bolstering its presence in the IOS sector by providing integral storage solutions across the U.S.
Sectors
- Real Estate
- Logistics
- Commercial Property Investment
Geography
- United States – The article focuses on property acquisitions by Alterra IOS in Southern New Jersey, and the company owns properties across 36 states in the U.S.
- Southern New Jersey – The specific region where the new property acquisitions are located, providing strategic access to the Philadelphia area and its infrastructure.
Industry
- Real Estate – The article discusses the acquisition of real estate properties focused on industrial outdoor storage.
- Logistics – The properties acquired are strategically located near major logistical networks, such as highways and ports, facilitating industrial operations.
- Commercial Property Investment – Alterra IOS's business model involves the strategic acquisition, development, and management of commercial properties for industrial use.
Financials
- N/A – No specific financial information or deal value was disclosed in the article.
Participants
Name | Role | Type | Description |
---|---|---|---|
Alterra IOS | Buyer | Company | A major player in the industrial outdoor storage sector, focusing on property acquisition, development, management, and leasing. |
Scott Mertz with NAI | Facilitator for 223 Paulsboro Road transaction | Person | Involved in facilitating the transaction of the Swedesboro property. |
Adam Deeves of Action Commercial Group | Direct Facilitator for 189 Dominic Lane acquisition | Person | Brought the Paulsboro property acquisition opportunity directly to Alterra. |
Tenant in Equipment Rental Services | Lessee | Company | A national leader in equipment rental services leasing the newly acquired properties. |