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Seattle & Northwest  + Portland  + Industrial  |  December 10, 2024
Jasmine Kilman
By: Jasmine Kilman

Alterra Acquires Portland MSA Industrial Outdoor Storage Locations

Alterra IOS has acquired three IOS sites totaling 23.2 usable acres in the Portland metro area. All three locations are fully leased to several national and regional tenants.

“The Portland region is exceptionally well-suited for IOS investment, with its connectivity to key West Coast transportation and intermodal networks,” said Matt McNutt, Vice President of Acquisitions at Alterra IOS. “Additionally, limited land availability and ongoing supply constraints have further fueled demand in the Portland market.”

6433 SE Lake Road is an 11-acre site with 20,965 square feet of accompanying warehouse space. The property is located just eight miles outside of Portland and 15 miles from Portland International Airport.

4000 NE Columbia Boulevard is a 4.4-acre usable site with 9,189 square feet of warehouse space and a paved parking lot for vehicle storage. 17804 Shank Road NE is a 7.8-acre usable site with 31,000 square feet of warehouse space. The site is conveniently located between Portland and Salem.

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    Alterra IOS

    About Jasmine Kilman

    Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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