GIP Adds 57 More Acres: TravelCenters of America Playbook Takes Shape
Good Investment Partners just doubled down on the TravelCenters of America playbook, adding 57 acres across Missoula, MT and Paulsboro, NJ, bringing their total TCA-linked platform to approximately 82 acres across 3 properties. Also this week: Bricktop Capital closes another off-market San Antonio…
The Headliner: GIP Builds the TCA Playbook Into a National Platform
Good Investment Partners Acquires 2 TravelCenters of America Assets in Missoula, MT and Paulsboro, NJ
Ryan Good and Good Investment Partners have closed on two more TravelCenters of America truck stop properties - one in Missoula, Montana and one in Paulsboro, New Jersey - bringing the firm's total TCA-linked IOS platform to approximately 82 acres and approximately 82 acres in invested capital.
The deals follow GIP's acquisition of a TCA location in Commerce City, Colorado completed in 2025, cementing a deliberate strategy around acquiring institutionally-operated, heavy-infrastructure truck stop assets and repositioning them within the IOS thesis. Combined, the two new properties total 57 acres.
Transaction Details: - Properties: 8018 US-93 North, Missoula, MT (30 AC) + 171 Berkley Road, Paulsboro, NJ (25 AC) - Combined Site: 57 acres - Asset Type: TravelCenters of America truck stop / IOS facilities - Platform Total: Approx. 82 AC, approximately 82 acres invested across 3 TCA properties - Buyer Lead: Ryan Good, Founder and Managing Partner, Good Investment Partners - Seller Broker: Anthony Cohen and Logan Carbonari, Northmarq (LA office) - Financing: Justin Boruchov, Arrow Real Estate Advisors - Purchase Price: Undisclosed
Other Deals That Closed (March 23-26, 2026)
DEAL 2: San Antonio, TX - Bricktop Capital Acquires Off-Market IOS at 4702 Center Park Blvd
Bricktop Capital continues its San Antonio accumulation strategy with an off-market acquisition at 4702 Center Park Boulevard - a 1.92-acre IOS site improved with an 8,750 SF service facility. The property features oversized drive-through bays, a wash bay, and a concrete-paved yard, and sits less than 0.25 miles from the I-35/I-410 interchange. Stream Realty Partners sourced and closed the off-market transaction on behalf of Bricktop.
Details: - Property: 4702 Center Park Blvd, San Antonio, TX - Site: 1.92 acres - Improvements: 8,750 SF service facility with drive-through bays and wash bay - Broker / Deal Team: Will Hall and Ryan Garcia, Stream Realty Partners (off-market)
DEAL 3: Tacoma, WA - Neil Walter Co. Brokers Sale of 7.14-Acre Industrial Site
Neil Walter Company has brokered the sale of 3402 and 3408 Lincoln Avenue in Tacoma, Washington - a 7.14-acre industrial outdoor storage site with a 10,200 SF office and industrial building near the Port of Tacoma.
Details: - Property: 3402-3408 Lincoln Ave, Tacoma, WA - Site: 7.14 acres | 10,200 SF office/industrial building - Buyer Rep: Nicholas Ratzke, SIOR, Neil Walter Company
Operating Context
Diesel Crosses $5 Per Gallon for the First Time Since 2022
U.S. diesel prices have moved above $5 per gallon, the first breach of that threshold in four years. The spike is driven by geopolitical tensions disrupting oil flows through the Strait of Hormuz. Fuel now represents 20-40% of total cost per mile for trucking operators.
Practical takeaway: Trucking tenants on IOS yards operate on thin margins. Extended fuel spikes compress their operating cash flow, which historically precedes lease renegotiation requests and, in some cases, tenant consolidation - opening vacancy pockets in secondary IOS markets while tightening demand in prime infill locations.
People Moves
Partners Adds Chris Wong as Partner, IOS Focus - Dallas-Fort Worth
Chris Wong, CPA has joined Partners as a Partner in the firm's Dallas-Fort Worth office, with a mandate focused entirely on growing the company's IOS platform across DFW and Texas. Wong brings a rare dual background: 10 years at Austin Industries as Real Estate and Tax Director, plus an active run as an industrial broker at Bradford Commercial Real Estate.
Focus: IOS investment sales, acquisitions, and dispositions across Dallas-Fort Worth and Texas statewide.