Alterra IOS announced the acquisition of three IOS sites totaling 23.2 usable acres in the Portland metro area. The parcels include the following locations: 6433 SE Lake Road in Milwaukie, Ore.; 4000 NE Columbia Boulevard in Portland, Ore.; and 17804 Shank Road NE in Hubbard, Ore.
Each asset is located within the greater Portland region, offering tenants easy access to the area’s transportation hubs and major highways.
"The Portland region is exceptionally well suited for IOS investment, with its connectivity to key West Coast transportation and intermodal networks,” said Matt McNutt, vice president of acquisitions at Alterra IOS. “Additionally, limited land availability and ongoing supply constraints have further fueled demand in the Portland market. We are excited to continue expanding our presence in the area by acquiring properties that provide tenants with centrally located high-quality outdoor storage options to support their operations.”
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