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Industrial Outdoor Ventures completed nearly $330 million of industrial service facility transactions in 2022

Industrial Outdoor Ventures Closes $330M of 2022 Acquisitions

Schaumburg, IL-based Industrial Outdoor Ventures (IOV) completed 30 industrial service facility (ISF) transactions in 2022 with a total value of nearly $330 million. These transactions occurred in a year where economic uncertainty was part of the general backdrop in commercial real estate. 

Among the transactions, acquisitions in Baltimore and New Jersey facilitated IOV’s entrance into two new states. Another set the stage for the firm’s first ground-up development in the Chicago metro area, Trumpet Park in Zion, IL. With these acquisitions, IOV now has almost 80 ISF assets located in 18 markets, totaling 973 acres of land and 2.28 million square feet of buildings. 

“We are very excited about what we accomplished in 2022 as we continue to set our sights on reaching $1 billion in assets under management in the near future,” said Tom Barbera, president and CEO, Industrial Outdoor Ventures. 


Inside The Story

Industrial Outdoor Ventures

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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 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).