Realterm in a joint venture partnership with institutional investors advised by J.P. Morgan Asset Management, has announced the acquisition of a seven-property, national industrial outdoor storage (IOS) portfolio strategically located across key U.S. transportation markets. The portfolio includes six highly functional and well-located truck terminals and one truck fleet maintenance facility.
The portfolio totals 312,357 square feet across 74.2 acres, featuring 471 doors with strong in-place tenancy. The properties are 100 percent leased and well-positioned in highly supply-constrained freight corridors, including Phoenix and Atlanta; Laredo and El Paso, Texas; the Inland Empire, Calif; Wichita, Kan.; and Central Pennsylvania.
“This portfolio represents an exceptional opportunity to expand our presence in markets where we have proven expertise,” said Stephen Panos, managing director, senior fund manager at Realterm. “These well-located facilities will enhance our
