Alterra IOS acquires 5 IOS properties in Central Florida
Alterra closed on five Central Florida IOS sites totaling 23 usable acres and 96,500 SF, extending its regional footprint to 35 properties across the Tampa and Orlando MSAs. Newark also stayed active with Hertz taking 10.36 acres, reinforcing that functional infill yards are still clearing in…
🌴 The Headliner: Central Florida portfolio scale from Alterra
Alterra IOS acquires 5 IOS properties in Central Florida
Alterra closed on five industrial outdoor storage sites across the Tampa and Orlando MSAs, adding 23 usable acres and 96,500 SF of accompanying warehouse space. The portfolio matters because it clusters around high-throughput Central Florida submarkets and extends Alterra's regional footprint to 35 properties, with most locations already leased to logistics, infrastructure, and utility users.
- Purchase Price: Undisclosed
- Property: 5-property portfolio across Tampa MSA and Orlando MSA
- Site: 23 usable acres | 96,500 SF
- Seller: Multiple sellers
- Buyer Lead: Chris White, VP Acquisitions, Alterra IOS
- Seller Lead: Not yet disclosed
- Broker / Deal Team: Hector Delgado, Panther Capital Group; Robbie Lober and Devin Beeler, Lober Real Estate; Cory Kroeger, Kroeger Commercial; Alessandra Bianchi, ONE Commercial Real Estate
Portfolio Breakdown
| Location | Address | SF | Acres |
|---|---|---|---|
| Dover, FL | 13350 Dr. MLK Jr. Blvd. | 10,500 | 5.5 |
| Palmetto, FL | 3927 US-19 | 27,500 | 5.0 |
| Tampa, FL | 2902 E Sligh Ave. | 24,500 | 2.9 |
| Apopka, FL | 3636 Fudge Road | 16,000 | 6.9 |
| Orlando, FL | 2506 Eunice Ave. | 18,000 | 2.7 |
📝 Leases Signed
Newark, New Jersey: Hertz secures a large infill yard
- Property: 104 Foundry Street, Newark, NJ
- Site: 10.36 acres
- Improvements: Not yet disclosed
- Tenant: Hertz
- Landlord: Not yet disclosed
- Landlord Rep: Jason Crimmins and Kenneth Crimmins, Blau & Berg Co.
- Tenant Rep: Not yet disclosed
📈 Operating Context
Intermodal pricing stays soft while network decisions keep moving
Shippers are still locking in lower intermodal contract rates for 2026, which points to a freight market that remains cost-sensitive even as operators keep making targeted yard decisions. For IOS, that favors sites that remove friction immediately, especially paved yards near ports, rail nodes, and urban truck corridors.
Practical takeaway: The market is still rewarding functionality first, so well-located infill yards can move even before broader freight pricing fully turns.