Top IOS Deals February '26 Recap

ACQUISITION: Brookfield to buy Peakstone Realty Trust in $1.2 Billion Deal.
The purchase would expand Brookfield’s industrial real estate platform with an investment trust that owns and operates industrial outdoor storage.

BUYOUT: Stockbridge’s Niche Logistics Fund completed the buyout of a 10% joint venture interest in a 58-property industrial outdoor storage portfolio, implying a total valuation of nearly $900 million. The portfolio spans 18 major U.S. markets and includes approximately 644 acres and 1.6 million square feet of building space, forming part of Stockbridge’s broader 128-property IOS platform.

ACQUISITION: Capital Bay Partners acquired 450 E Irvington Road in Tucson, AZ, a 45,000-square-foot industrial outdoor storage property situated on 10.93 acres. The asset features 8 roll-up doors, an active rail spur, and direct access to I-10, and is fully leased to US LBM Holdings, a national building materials distributor.

ACQUISITION: Hyde Park Commercial acquired two industrial assets in San Antonio, TX: a 9,300-square-foot service facility on 6.4 acres at 2023 FM 1516 in Northeast San Antonio and a 22,000-square-foot single-tenant industrial property at 15501 Capital Port Drive in Northwest San Antonio. Both assets support the firm’s strategy of targeting functional, service-oriented industrial real estate with strong yard capacity and durable cash flow. The acquisitions further expand Hyde Park’s footprint along key Texas logistics corridors within a high-growth San Antonio market.

ACQUISITION: A 4.1-acre infill property at 152 West Street in South Plainfield, NJ has been acquired by Sitex Group for redevelopment into a modern, low-coverage industrial outdoor storage facility. Located directly off Exit 4 of I-287, the site offers strong access and is positioned to serve fleet and outdoor storage users in a supply-constrained market. The buyer worked with the municipality to expand permitted uses and plans to further invest in the property as part of its IOS strategy.

ACQUISITION: Zenith acquired an 11-property Industrial Outdoor Storage portfolio in Phoenix, strategically located near Sky Harbor International Airport and key transportation corridors including I-10 and I-17. The portfolio totals approximately 280,000 SF of buildings across 39 acres of secured yard, supporting a wide range of uses such as logistics, contractor services, building materials, and manufacturing. The assets are positioned in Phoenix’s most supply-constrained infill submarkets, offering strong infrastructure and long-term IOS fundamentals.

FINANCING: Realterm continues to build momentum across its credit platform, marked by the origination of a $43.5M loan for a fully leased, 10‑property IOS portfolio. With nine assets in Atlanta and one in Charleston, the portfolio offers ample access and connectivity to the surrounding metropolitan areas.

ACQUISITION: Catalyst Investment Partners announced the closing of 240 S Kresson Street, located in Baltimore, MD. The Property features a 9,600 SF service facility with 8 drive-in doors on 2.1 fully paved and secured acres. Jim Chivers helped structure the transaction and Connor Brophy led the deal on the Catalyst team.

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