Alterra IOS has paid $51 million for a 15.4-acre industrial outdoor storage, or IOS, facility in Jurupa Valley, Calif., within the state’s Inland Empire. The investment manager, a unit of Alterra Property Group of Philadelphia, bought the property from its developer, Wheeler Upfitters LLC, in a deal arranged by Chase MacLeod & Co. of Ladera […]

The post Alterra IOS Pays $51Mln for Southern Calif. IOS Property appeared first on Commercial Real Estate Direct.