GIP Adds 57 More Acres: TravelCenters of America Playbook Takes Shape
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.