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Backed by $925 million fund, Alterra buys industrial sites near Chicago

Philadelphia-based firm is large investor in high-demand industrial outdoor storage sector
Alterra IOS has acquired three Chicago-area industrial outdoor storage sites, including this one at 2201 E. Higgins Road in Elk Grove Village, Illinois. (Alterra IOS)
Alterra IOS has acquired three Chicago-area industrial outdoor storage sites, including this one at 2201 E. Higgins Road in Elk Grove Village, Illinois. (Alterra IOS)
CoStar News
October 10, 2024 | 4:06 P.M.

One of the largest players in the high-demand industrial outdoor storage sector has paid more than $16 million for three sites near Chicago, a few months after closing a $925 million fund to fuel expansion.

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