Connect News Commercial Real Estate news for every market and every facet, every day.
Connect CRE Events Live and virtual events bringing together the best of information and networking.
CRE Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Classroom Offering CRE focused continuing education courses on demand.
ApartmentBuildings.com Is a dynamic platform to search for, list and promote multifamily listings nationwide.
Connect Awards View the A-list of commercial real estate & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
Loantuitive Find the right lender for your loan.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for daily news covering CRE transactions and trends. Stay informed on national, regional and property sector news that matters to your business.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Property Sectors

Topics

Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Washington DC & Mid-Atlantic  + Philadelphia  + Industrial  |  February 24, 2025
Jasmine Kilman
By: Jasmine Kilman

Alterra IOS Acquires 16 Locations in Sale-Leaseback

Philadelphia-based Alterra IOS has acquired 16 IOS locations totaling 34.8 usable acres from TruGreen, a nationwide lawn care service provider. TruGreen serves nearly 2.3 million residential and commercial customers across more than 275 branches nationwide.

John Fink of CBRE facilitated the sale on behalf of TruGreen. The 16 properties, acquired through a 25-year triple-net sale-leaseback acquisition, are 100% occupied and include a collective 326,400 square feet of warehousing, maintenance shop and office space.

This transaction is the second national portfolio Alterra has acquired from TruGreen. In December 2023, the firm acquired 17 sites from the lawn care company, totaling 44 usable acres and 350,000 square feet of warehouse space across 14 states. The investment comes on the heels of several transactions for Alterra in 2024, including the sale of a portfolio of 51 assets to Peakstone Realty Trust for $490 million.

Register Today to “Be in the Room” when Michael Brennan receives Connect CRE’s Lifetime Achievement Award and will participate in the Keynote Interview with Kevin Brennan, also of Brennan Investment Group. Join us at Connect Industrial Midwest 2025 on the afternoon of Wednesday, March 5, at Joe’s Live in Rosemont, IL, for this exclusive presentation! 

Connect

Inside The Story

Alterra IOSCBRE

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.
Order Reprints