Alterra IOS acquired two industrial outdoor storage properties located at 223 Paulsboro Road and 189 Dominic Lane in the markets of Swedesboro and Paulsboro. The properties total 28,920 square feet and encompass 7 acres. Both sites are fully leased to a national equipment rental firm and are strategically positioned near major highways and the Port of Philadelphia.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not specified
• Address: 223 Paulsboro Road & 189 Dominic Lane
• Market: Swedesboro & Paulsboro
• Square Footage: 28,920
• Acres: 7
• Buyer: Leo Addimando, Matthew Pfeiffer, Jeff Pustizzi & Mark Gannon - Alterra IOS
• Brokers: Adam Deeves - Action Commercial Group; Scott Mertz - NAI Global

The acquisition was facilitated by brokers Adam Deeves and Scott Mertz, representing Action Commercial Group and NAI Global, respectively. This transaction aligns with Alterra's strategy of securing prime logistics locations for national tenants, capitalizing on the properties’ leasing status and their proximity to significant transportation routes.