Top IOS Deals January '26 Recap

ACQUISITION: Axis Partners announced the $111 million sale of a 22-property, 85-acre industrial outdoor storage portfolio to Realterm, with assets primarily located across high-growth Sunbelt markets. The institutional-quality portfolio spans major logistics hubs including Atlanta, Texas, Los Angeles, Nashville, and Jacksonville, and is leased to a diversified mix of national and regional tenants across fleet, equipment rental, materials storage, and logistics uses.

ACQUISITION: Stonemont Financial Group announced the acquisition of five IOS sites totaling 41.93 acres and more than 518,600 SF of existing and planned development across major U.S. markets. The portfolio spans Atlanta, Houston, Camden (NJ), and Philadelphia, reinforcing the firm’s position as an early mover in the rapidly growing IOS sector. The transactions build on Stonemont’s strong momentum and further expand its national ISF platform across infill, service-oriented locations.

LEASE: Transport Properties signed a lease for 10 years to a national credit user. This lease is likely the largest single tenant IOS lease in DFW history. The property is just off I-45 in Wilmer, TX and features 103,000 SF building on 33 improved acres.  Elliott Dow at CBRE for brought Transport this opportunity. Matt Mullen at Transport Properties led the deal at Transport. David Guinn, SIOR and Martin K. Grossman at Davidson Bogel Real Estate represented Transport and helped get the lease finished.

ACQUISITION: The Bauman Moffitt Team led by Tivon Moffit and Peter Bauman at IPA announced the successful closing of two STNL warehouse and industrial outdoor storage facilities leased to BlueLinx in the Kansas City and St. Louis Metros. These infill assets totaled just under 45 acres and offered scale, functionality, and long-term income durability, which drove strong investor interest and a successful outcome for their client. 

FINANCING: Alterra IOS secured a $100 million fund-level revolving credit facility from BMO to support the continued expansion of its industrial outdoor storage platform. The facility is designed to move in step with Alterra’s high-volume acquisition pipeline and will initially be backed by 27 IOS properties across 17 states. The financing builds on more than $1.6 billion of institutional capital Alterra has raised across its IOS ventures as it continues to scale nationally.

FINANCING: Open Industrial and Heitman LLC announced the formation of a new partnership to recapitalize a 25-asset industrial outdoor storage portfolio. The portfolio includes mission-critical sites in infill submarkets near major transportation nodes and population centers across Washington, D.C., Baltimore, Richmond, and Raleigh, supporting last-mile logistics, equipment rental, construction services, and other essential operations.

ACQUISITION: 424 Farwell Avenue in South Saint Paul, MN — a 19,000 SF industrial building on a 5.56-acre IOS site. The property offers a highly functional layout for industrial outdoor storage users in the Twin Cities market. Congrats to Myles Harnden and his team, and to Dan Friedner at Newmark for representing the buyer.

ACQUISITION: Zenith IOS acquired a three-asset IOS portfolio in Houston, TX through a ten-year sale-leaseback with C&D Scrap Metal, providing the tenant long-term stability while adding mission-critical infill sites to Zenith’s growing platform. The three properties span roughly 20 acres with 137,000 SF of improvements and serve as the core processing and distribution hubs for C&D Scrap Metal’s hub-and-spoke operating model.

ACQUISITION: Alterra IOS acquired a portfolio of 11 fully stabilized industrial outdoor storage properties across major U.S. logistics hubs, totaling 31.6 usable acres and 206,000 SF of warehouse space. The wholly leased portfolio, occupied by a national equipment rental tenant, spans markets including Chicago, Houston, the San Francisco Bay Area, and Northern New Jersey and aligns with Alterra’s infill, infrastructure-adjacent IOS strategy.

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