13 Transactions Announced in Record Week for IOS Market
The industrial outdoor storage sector saw its busiest announcement week of December with 13 transactions publicly disclosed spanning 11 states. From Morgan Stanley’s LAX-adjacent acquisition to Alterra’s continued expansion, institutional capital continues flowing into IOS assets nationwide.
📍 MAJOR ACQUISITIONS
LOS ANGELES, CA – $143K SF LAX-Adjacent Facility
Dec 15 | Morgan Stanley Investment Management
MSREI acquired a premium 19-acre IOS site with 143,060 SF last-mile industrial facility, secured by long-term net lease to multinational e-commerce tenant.
Buyer: Morgan Stanley Investment Management
Deal Team: David Gross (MSREI)
HOUSTON METRO, TX – Three-Property Portfolio
Dec 17 | Zenith
Zenith acquired a 27-acre, three-property portfolio with 137,000 SF of fully-leased industrial buildings spanning Houston and Sugar Land.
Properties: – 10400 Southwest Plaza Dr, Houston – 6775 Bingle Rd, Houston
– 15222 McKaskle Rd, Sugar Land
Deal Team: Charlie Strauss & Lance Young (JLL); Vinh Thai & Peter Cannon (Zenith)
ALLENTOWN, PA – Realterm Expands to Lehigh Valley
Dec 16
Realterm acquired a fully-leased IOS facility at 925 N Godfrey St, marking strategic entry into Pennsylvania’s growing logistics corridor.
Deal Team: Ryan Cottone & John Plower (JLL, seller representation)
DEER PARK, NY – Long Island Acquisition
Dec 17 | Realterm
Realterm continued its aggressive acquisition strategy with a 3.2-acre property featuring 6,800 SF industrial facility at 1013 Long Island Ave.
Deal Team: Nick Dupuis & Stephen Panos (Realterm)
🚀 ALTERRA IOS EXPANSION CONTINUES
DENVER, CO – 9.98-Acre Secured Facility
Dec 16
Alterra acquired 2001 W 64th Ln featuring 26,950 SF industrial service facility on nearly 10 acres with secured yard, fully leased.
Deal Team: Kenai Capital Advisors (seller representation)
APOPKA, FL – Orlando Metro Entry
Dec 17
Alterra acquired 6.92 acres with 16,000 SF warehouse at 3636 Fudge Rd, expanding footprint in Central Florida.
Deal Team: Cory Kroeger (Kroeger Commercial); Chris White (Alterra)
🏢 ADDITIONAL ACQUISITIONS
CONCORD, NC – Off-Market Deal
Dec 16 | Shoreline Capital
Shoreline Capital secured multi-acre IOS property with two industrial buildings at 290 Executive Park Dr NE in off-market transaction.
Deal Team: David Meyer (Brisky Net Lease)
CHARLOTTE, NC – 7.3-Acre Industrial Complex
Dec 16
Undisclosed buyer acquired 4330 Chesapeake Dr featuring 89,683 SF industrial building with IOS yard on 7.3 acres.
Deal Team: Gregory Gosselin & Rob Speir, SIOR (Colliers, buyer rep); Whiteside Properties (seller assist)
CAPITOL HEIGHTS, MD – Silverman Group Acquisition
Dec 16
The Silverman Group purchased 44,000 SF warehouse on 1.3 acres with secured IOS yard at 8540 Ashwood Dr from Matan Companies.
Deal Team: Chandler Pace & Dan Gaffey (Colliers, seller representation)
📋 LEASE TRANSACTIONS
NEWARK, NJ – Port-Adjacent Warehouse
Dec 16
Garden State Cold Storage leased ~30,000 SF warehouse with IOS trailer parking at 449 Doremus Ave / 414 Avenue P.
Deal Team: Anthony Rittwager (Advance Industrial Group, tenant); Blau & Berg (landlord)
SAN ANTONIO, TX – International Credit Tenant
Dec 16
Ocotillo Capital Partners leased spec IOS project at 5560 Rittiman Rd to undisclosed international credit tenant.
Deal Team: Carlos Marquez (Cushman & Wakefield, landlord); CBRE (tenant)
FARGO, ND – Rail-Served Facility
Dec 17
21,500 SF warehouse on 3 acres at 2305 Great Northern Dr leased, featuring critical rail access.
Deal Team: Street Jones & Bo Hargrove (Rich Commercial Realty); Andy Westby (Goldmark Commercial Real Estate)
💼 PORTFOLIO TRANSACTION
MULTI-STATE – Sale-Leaseback Closes Above Ask
Dec 16
Private-equity-backed IOS operator completed multi-state portfolio sale-leaseback, closing above asking price in competitive process.
Deal Team: Daniel Macks & Brandon Krawitz (STREAM Capital Partners)
📊 WEEK IN REVIEW
Key Takeaways:
✓ Institutional Activity: Morgan Stanley and Realterm lead capital deployment
✓ Alterra Velocity: Two acquisitions announced in one week (Denver, Orlando metro)
✓ Geographic Spread: 11 states represented in one week
✓ Deal Diversity: Acquisitions, leases, and sale-leaseback structures
✓ Broker Distribution: JLL, Colliers, and regional specialists all active
The transaction volume demonstrates sustained institutional appetite for IOS assets heading into year-end, with established players (Realterm, Alterra, Zenith) maintaining aggressive acquisition pace alongside new market entrants.