Strategic investments in Austin and San Antonio markets increase the firm’s total Texas footprint to 42 locations
SAN ANTONIO, May 13, 2025 (GLOBE NEWSWIRE) — Alterra IOS, a prominent player in the industrial outdoor storage (IOS) sector that has acquired over 300 sites nationwide, today announced the acquisition of two sites totaling 8.7 usable acres and 33,500 square feet of accompanying warehouse space in the Austin and San Antonio metropolitan areas. Located at 168 Park 35 Cove North in Buda and 5400 U.S. Highway 90 in San Antonio, the transactions underscore Alterra’s commitment to acquiring assets within high-growth economic hubs that attract national, creditworthy tenants.
“The Austin-San Antonio corridor remains a central focus of our acquisition strategy due to its economic and population growth,” said Mark Gannon, Senior Vice President of Acquisitions at Alterra IOS. “These acquisitions expand our capacity to support national tenants in a region known for its infrastructure, industrial momentum and business-friendly climate. We’re excited to continue exploring similar opportunities across Central Texas.”
The properties are strategically located within 25 miles of their respective downtowns, providing direct access to Central Texas’s extensive network of interstate and state highways, major rail lines and international airports. Each location is comprised of the following:
- 5400 US Highway 90 is a 5.2 usable acre site that features 16,500 square feet of accompanying warehouse space. The fully fenced, improved site is located just 8 miles from downtown San Antonio and offers convenient access to I-90 E, TX-151 W, and a nearby multi-directional interchange connection to I-35 and I-10. The site is leased to a national building materials supplier in the utility industry. Carlos Marquez of Partners Real Estate facilitated the acquisition for Alterra.
- 168 Park 35 Cove North is a 3.5 usable acre site with 17,000 square feet of accompanying warehouse space across multiple buildings. Located within a small industrial park in Buda, the property sits 22 miles from downtown Austin and offers immediate direct access to I-35. The property is occupied by a national provider of temporary fencing, portable restrooms and additional site services for construction, government and infrastructure projects. Jack Sallis of Stream Realty facilitated the transaction.
Alterra is the nation’s largest owner of industrial outdoor storage space, having acquired more than 300 properties in 37 states across the U.S. As a vertically integrated investor, developer and operator of IOS, Alterra is uniquely positioned to serve companies in search of national connectivity to store equipment, machinery, vehicle fleets, shipping containers, building materials, retail inventory and more. Alterra’s investment strategy focuses on acquiring prime IOS locations within dense, infill logistics and transportation gateways, ensuring proximity to critical infrastructure and end-users.
About Alterra IOS
Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the U.S. industrial landscape. Over the past six years, Alterra IOS has created tenant relationships in the transportation & logistics, vehicle storage, equipment rental, and building materials industries through the acquisition or development of over 300 properties across 37 states as of Q1 2025. The dedicated team of investment, development, construction, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions.
Media Contact:
media@alterraproperty.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ba78ca46-0aeb-47b1-9a3e-976872626101
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