
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.