Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired more than 300 sites nationwide, has acquired 16 IOS locations totaling 34.8 usable acres from TruGreen, the country’s largest lawn care service provider.
The 16 properties, acquired through a 25-year triple-net sale-leaseback acquisition, are 100 percent occupied and include a collective 326,400 square feet of warehousing, maintenance shop and office space.
The locations within the portfolio are as follows:
Atlanta MSA: 15 North Drive SE, Acworth, Ga.
Boston MSA: 21 Forge Parkway, Franklin, Mass.
Columbus MSA: 4045 Lakeview Crossing, Groveport, Ohio.
Dayton MSA: 800 Center Drive, Vandalia, Ohio.
Denver MSA: 12445 Dumont Way, Littleton, Colo.
Detroit MSA: 6272 Taylor Drive, Flint, Mich., and 48932 Wixom Tech Drive, Wixom, Mich.
Grand Rapids MSA: 9077 Portage Industrial Drive, Portage, Mich.
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