Town Lane, Axis Partners Launch IOS Platform Venture

Town Lane, a New York-based real estate investment management firm, has acquired a 23-property industrial outdoor storage (IOS) portfolio and launched a platform venture with Axis Partners, an Atlanta-based industrial owner and operator. The transaction includes an investment by Town Lane in the Axis operating platform. Terms were not disclosed.

The portfolio comprises mission-critical, infill IOS assets that support the day-to-day operations of local, regional, and national businesses, including contractors, equipment rental companies, distributors, infrastructure providers, and service businesses. It’s located in high-growth Sunbelt markets such as Atlanta, Houston, Dallas and Nashville.

“The Axis team has built a differentiated sourcing and operating platform that consistently identifies mission-critical, off-market assets supporting the infrastructure behind local and regional economies,” said Garret Overlock, managing director at Town Lane. “This partnership provides a unique opportunity to combine institutional capital with an experienced operator, and we’re excited to build a market-leading platform together over the long term.”

Pictured: An Axis Partners-owned IOS facility in Laredo, TX.

Connect

Inside The Story

Town Lane

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints