Alterra IOS has acquired two IOS properties totaling seven usable acres in south New Jersey near Philadelphia. The parcels include 223 Paulsboro Road in Swedesboro and 189 Dominic Lane in Paulsboro.
“South Jersey’s strategic location offers a gateway to Philadelphia and other major cities along the I-95 corridor, making it an appealing market for IOS investment,” said Mark Gannon, Senior Vice President of Acquisitions at Alterra IOS. “These acquisitions offer national tenants an opportunity for East Coast expansion and provide access to the Mid-Atlantic’s extensive infrastructure and logistics network.”
Both sites are within 20 miles of Philadelphia International Airport and 30 miles of the Port of Philadelphia, with proximate access to multiple interstate highways. Each of the properties is fully leased to a national leader in equipment rental services.
223 Paulsboro Road is a 4.9 usable acre parcel with 24,600 square feet of planned improvements across two facilities. 189 Dominic Lane is a 2.1 usable acre site with 4,320 square feet of accompanying warehouse space.
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