2400 Barrett Lakes Boulevard in Kennesaw, GA
ATLANTA, Aug. 24, 2026 (GLOBE NEWSWIRE) -- Alterra IOS (“Alterra”), a prominent player in the industrial outdoor storage (“IOS”) sector that has acquired more than 500 sites nationwide, today announced the acquisition of five IOS properties in the Atlanta metropolitan area. Collectively, the new properties comprise 32 usable acres and over 145,700 square feet of accompanying warehouse space, bringing Alterra’s total portfolio across the Atlanta metro area to 28 properties spanning 190 usable acres.
Each site is located within key industrial submarkets with convenient access to major highways and transportation networks. The newly acquired properties are occupied by a variety of national and regional tenants across the building materials, equipment rental and logistics industries. The transactions strengthen Alterra's presence in a leading industrial and logistics corridor while advancing the firm's long-term strategy of acquiring mission-critical IOS properties in proximity to the infrastructure that powers freight movement, equipment storage, fleet parking and last-mile operations.
“Atlanta continues to be one of the country’s most important logistics and distribution hubs, and has emerged as one of the fastest-growing data center markets in the United States,” said Sean Christman, Senior Associate of Acquisitions at Alterra IOS. “As population growth and economic activity continue to accelerate across the Southeast, we remain focused on acquiring strategically located IOS assets in markets where transportation infrastructure, tenant demand and limited supply support long-term value creation.”
The five properties are strategically located within the Atlanta metropolitan area near a network of interstate highways and logistics hubs. Property-specific details are summarized below:
- 2400 Barrett Lakes Blvd, Kennesaw: The property comprises over 19 usable acres with 117,600 square feet of accompanying warehouse space, in addition to five drive-through bays, a pull-in bay and 151 dock-high doors. Located in the city of Kennesaw within Cobb County, the fully fenced property features cross-dock capabilities for the seamless movement of trucks, trailers and materials across the site. The property also offers convenient access to I-75, I-575 and U.S. 41, and sits within 25 miles of downtown Atlanta. The transaction was brought to Alterra by Alessandra Bianchi of ONE Commercial Real Estate.
- 2611 US Highway 42 South, Locust Grove: The site features 5 usable acres with 10,357 square feet of accompanying warehouse space. Located in Locust Grove, the property sits south of downtown Atlanta, benefiting from direct access to GA-42 and convenient proximity to I-75, providing strong north-south connectivity throughout the metro. The transaction was brought to Alterra by Jay Hudson and Mike Sutter of Lee & Associates.
- 550 Discovery Place, Mableton: The property comprises 4 usable acres with 11,760 square feet of accompanying warehouse space. Located in Mableton, the property sits adjacent to the Fulton County airport, with proximity to I-20 and I-285. The property is fully leased to a regional equipment rental dealer. The transaction was brought to Alterra by Tommy Barrow of King Realty.
- 2000 Meredith Park Drive, McDonough: The site consists of 2 usable acres with 6,000 square feet of accompanying office and warehouse space, featuring two drive-in doors and one dock-high door. Located southeast of downtown Atlanta, the property offers a direct link to the city through I-75 and GA-155. This property is currently leased to a national truck rental and transportation services company. The transaction was brought to Alterra by Mike Sutter and Jay Hudson of Lee & Associates Atlanta.
- 4303 Communications Drive, Norcross: The property is a 2 usable acre, fully paved trailer parking yard. Located in Norcross, the site is connected to Atlanta via I-85 and I-285. The site is fully leased to a national wholesale food distributor. The transaction was brought to Alterra by Connor Cohen of Cone Commercial Real Estate.
Alterra has acquired over 500 properties across 39 states as of Q2 2026, reinforcing its position as the industry’s largest owner and operator of industrial outdoor storage properties in the United States. As a vertically integrated investor, developer and operator of IOS, Alterra’s investment strategy focuses on acquiring prime industrial outdoor storage locations within dense, infill logistics and transportation gateways, ensuring proximity to critical infrastructure and end-users.
About Alterra IOS
Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management and leasing for tenants in the heavy industrial and outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional approach to its aggregation of mission-critical IOS real estate in the U.S. Over the past ten years, Alterra IOS has created tenant relationships in the transportation and logistics, vehicle storage, equipment rental, infrastructure services, and building materials industries through the acquisition or development of over 500 properties across 39 states as of Q2 2026. Alterra IOS’s dedicated team of investment, property management, construction and asset management professionals provide tenants the resources to grow and improve their businesses on a national level.
Media Contact:
media@alterraproperty.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/32aaf6c6-d7fc-42f1-a01e-d25375167f59
