Alterra IOS Buys Four Houston Projects

HOUSTON – (Realty News Report) – Alterra IOS, a player in the industrial outdoor storage (IOS) sector which has acquired over 270 properties nationwide, announced the acquisition of four IOS properties totaling 17 acres in the Houston metropolitan area. The sites include 8121 & 8223 Parkside Avenue in Baytown, Texas, 5100 Underwood Road in Pasadena and 9002 Wayfarer Lane in Houston

“Alterra has placed a continued emphasis on IOS sites in the Houston market that are proximate to the critical infrastructure and highways that service both the global economy and one of the nation’s largest MSAs,” said Mark Gannon of Alterra IOS. “Houston will continue to be a vital component of Alterra IOS Venture III, Alterra’s latest fund which closed earlier in 2024.”

The Alterra acquisition include:

8121 and 8223 Parkside Avenue, located within the newly developed Bay 10 Business Park in Baytown, represent a combined 7.2 acres with 50,000 SF of accompanying warehouse space. The newly constructed, fully paved sites offer highway frontage on Route 99 and provide tenants with immediate access to I-10 and close proximity to the Port of Houston.

5100 Underwood Road, a 5-acre site with 57,500 SF of warehouse space, is part of a three-property sale-leaseback with a national industrial chemical cleaning company. The property has its own rail spur, providing access to national rail networks.

9002 Wayfarer Lane is a 4.6-acre site with 40,930 SF of warehouse space located near Hobby Airport and the BNSF Railway.

Lee & Associates’ Houston facilitated the acquisition of 8121 and 8223 Parkside Avenue and will also lease the sites. Marketing of the properties has already begun, with a new speculative office and a reinforced concrete yard being added to the property at 8121 Parkside.

Zane Carman of Partners Real Estate facilitated the acquisition of 9002 Wayfarer Lane, with Partners handling future leasing.

A number of firms have been pursing expansion in the IOS sector of industry properties, including Dallas-based Apricus Realty Capital and Triten Real Estate Partners  of Houston.

Triten Real Estate Partners of Houston has also been active in the outdoor storage sector. The firm recently was involved in a significant upsize in Triten’s initial joint venture with global alternative asset management firm TPG Angelo Gordon, which has positioned the firm to acquire more than $1 billion in additional IOS assets over the next five years. Since its inception, the Triten programmatic joint venture has acquired over $500 million of IOS assets across 16 markets, averaging 18 new acquisitions yearly since 2020.

In Northeast Houston, Zenith IOS recently acquired a 194,000-SF truck terminal on 17 paved acres at 2222 North Wayside Drive. The deal was facilitated by Lee & Associates brokers C.E. “Trey” Erwin III and Josh Carl, and acquired by Zenith IOS in a joint venture with institutional investors advised by J.P. Morgan Asset Management.


Sept. 16, 2024  Realty News Report Copyright 2024

Image: Alterra IOS site in Baytown. Courtesy Alterra, BusinessWiire

Mark Your Calendar

Downtown Houston + will present its State of Downtown Annual Meeting on Oct. 16 at 11 a.m. to 1:30 p.m. at the Hilton Americas, Downtown 1600 Lamar St. Keynote speaker: General Stan McChrystal. Information:

THE RALPH BIVINS PROJECT PODCAST

LISTEN: THE RALPH BIVINS PROJECT with Jeff Havsy of Moody’s Analytics

LISTEN: THE RALPH BIVINS PROJECT with Sam Scott of CommGate

LISTEN: THE RALPH BIVINS PROJECT with John S. Moody, Jr. of Moody Law Group

LISTEN: THE RALPH BIVINS PROJECT with Scott Martin of Granite Properties

LISTEN: THE RALPH BIVINS PROJECT with Robert Clay of Clay Development

LISTEN: THE RALPH BIVINS PROJECT with Alma Zavala of CommGate

LISTEN: The RALPH BIVINS PROJECT with Adam Lair of Partners Capital

LISTEN: The RALPH BIVINS PROJECT with Jake Donaldson of Method Architecture

LISTEN: The RALPH BIVINS PROJECT podcast with Bill Baldwin of BLVD Realty

LISTEN: The RALPH BIVINS PROJECT podcast with Johnny Cruz of RAMSA

LISTEN: The RALPH BIVINS PROJECT podcast with John Breeding of Uptown Houston

Listen: THE RALPH BIVINS PROJECT podcast with Dean Strombom of Gensler

LISTEN: THE RALPH BIVINS PROJECT podcast with Lou Cushman of Cushman & Wakefield

LISTEN: THE RALPH BIVINS PROJECT podcast with Edward Griffin of Griffin Partners

File   Alterra IOS Buys Four Houston Projects . IOS,

Related posts

Los Tios Expands to Central Texas

Realty News Report

2nd Largest Skyscraper Sale in Fla History

Realty News Report

History Maker Buys 131 Acres

Realty News Report

Leave a Comment