Posts Tagged: Alterra

Alterra’s $490M Storage Portfolio Sale Includes 8 Local Properties

November 7, 2024

Alterra’s $490M Storage Portfolio Sale Includes 8 Local Properties

A joint venture between Philadelphia-based Alterra IOS and JPMorgan Chase has sold a 51-property industrial outdoor storage portfolio to Peakstone Realty Trust for $490 million. Alterra CEO Leo Addimando noted that selling to an institutional investor was ‘the last unproven part’ of their business strategy after a decade in industrial outdoor storage. The 440-acre portfolio… Read more »

Alterra IOS Acquires 5-acre Philadelphia Site for $40M project

June 26, 2024

Alterra IOS Acquires 5-acre Philadelphia Site for $40M project

A joint venture between Alterra IOS and Eco Materials purchased a 5-acre site at 6110 Passyunk Ave. in Southwest Philadelphia for $5.75 million to build a soil recycling facility. Including the purchase price, the project will cost $40 million. Construction began this month, with the facility set to operate by spring 2025. The clean wash… Read more »