Zenith Industrial Outdoor Storage (IOS), a vertically integrated industrial outdoor storage investment platform, in partnership with institutional investors advised by J.P. Morgan Asset Management, announced the acquisition of an 11-asset IOS portfolio located across the greater Phoenix metropolitan area. The portfolio encompasses approximately 39 acres and 280,000 square feet of industrial improvements.
The latest portfolio acquisition expands Zenith’s Southwest presence and is located within seven miles of both Phoenix Sky Harbor International Airport and downtown Phoenix, with direct accessibility to Interstate 10 and I-17, two of the region’s cr0itical transportation corridors.
The assets are leased to a diversified tenant base, with none representing more than 20 percent of the total portfolio revenue. Tenants support a range of industrial uses, including storage and distribution of building materials, contracting services, automotive and salvage operations, h
