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Realterm Acquires IOS Truck Terminal Portfolio
Realterm, an independent global investment manager focused on transportation, has acquired a 13-property industrial outdoor storage (IOS) truck terminal portfolio totaling 631,604 square feet across 131 acres in seven major U.S. markets.
The portfolio, which is 97 percent leased to 10 tenants, consists primarily of IOS truck terminals and IOS maintenance facilities. The acquired properties are located in primary logistics markets such as Northern New Jersey, Dallas, Chicago, the Inland Empire, the Bay Area, Seattle, and Orlando. Nick Murphy and Brian Budnick of Eastdil Secured facilitated the transaction and represented the seller.
“The portfolio is a rare opportunity to acquire, at scale, a collection of transportation-advantaged IOS truck terminal assets in key markets,” said Ben Andreycak, Vice President, Investments at Realterm. “As a leader in the IOS sector for more than three decades, Realterm recognizes the mission critical nature of the assets in the portfolio for logistics users.”
