Alterra IOS Acquires Three Chicago-Area Outdoor Storage Sites

Alterra IOS has acquired three IOS sites totaling 14 usable acres in the Chicago metropolitan area. The parcels include 2201 East Higgins Road in Elk Grove, Illinois; 22634 South Frontage Road East in Minooka, Illinois, and 300 W. Chicago Ave. in East Chicago, Indiana.

Each property is conveniently located within the greater Chicagoland area, offering proximate access to the region’s major highways, intermodal network, and international airports. “Demand for these property specifications has been resilient both in Chicago and our other key, target markets,” said Mark Gannon, SVP, Alterra IOS.

2201 East Higgins Road represents 4.8 usable acres with 35,000 square feet of accompanying warehouse space. The fully paved site is located just north of Chicago, in near proximity to the O’Hare International Airport. 22634 South Frontage Road East is a 4.4 usable acre, fully paved site. The site includes 36,000 square feet of accompanying warehouse space. 300 West Chicago Avenue is a 4.9 usable acre site with 34,000 square feet of accompanying warehouse space located near the Illinois/Indiana border.

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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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