Alterra IOS, a player in the industrial outdoor storage (IOS) sector that has acquired over 270 properties nationwide, has acquired three IOS properties totaling 28 acres in the Atlanta metropolitan area. The locations include the following: 0 Liberty Industrial Park in McDonough, Georgia; 2620 Campbell Boulevard in Ellenwood, Georgia and 498 Tuggle Greer Drive in Buford, Georgia.
Each location is situated within a large industrial pocket in their respective submarkets, offering functionality and convenient access to major highways.
“Alterra IOS continues to lean into the Atlanta MSA and will continue to do so for the foreseeable future. The region has a lot of the ingredients we look for in a market, including a pro-business climate that is continually ranked near the top nationally by Site Selection Magazine, home to 19-plus Fortune 500 Headquarters and the busiest airport in the world, continued investment in local and regional infrastructure and proximity to the fastest growing port in North America in Savannah, Georgia,” said Charlie Totten, senior vice president, Alterra IOS. “All of these things create an environment conducive for aggregating a functional IOS portfolio.”
0 Liberty Industrial Park in McDonough, Georgia is under construction with an expected delivery timeline of Q4 2024. The final product will be two Class A IOS facilities of 20,000 square feet and 6,000 square feet on 12.5 usable acres collectively. The site offers quick access to Interstate 75 and will have three separate entrances to facilitate convenient entry for multiple users.
2620 Campbell Blvd. in Ellenwood, Georgia is an existing Class A facility with a 24,500-square-foot maintenance shop and office spanning 10.5 paved acres. The IOS asset is zoned Heavy Industrial and located in the densely populated Interstate 675 corridor with many of blue-chip logistics and transportation tenants.
498 Tuggle Greer Dr. in Buford, Georgia is a 5.3-acre site with multi-directional access via Interstates 985 and 85. The entirety of the site is paved and includes approximately 39,000 square feet of warehouse and office space.
Park My Truck USA facilitated the acquisition of 0 Liberty Industrial Park. Steven Bridges and Nat Weikert of OnPace Partners will market 0 Liberty Industrial Park to prospective tenants. Christian Samartino of Piedmont Properties and Jordan Camp of Oakley Brokerage Partners facilitated the acquisition of 2620 Campbell Blvd. Mendy Ruder of Lee & Associates represented Alterra in the acquisition of 498 Tuggle Greer Dr. and will also market the site to prospective tenants.
