Alterra acquires 18-acre South Tacoma IOS assemblage

Kidder Mathews brokers Mike Newton, Matt Murray, Dane Dahline, and Travis Stanaway represented Alterra IOS in the acquisition of an 18-acre industrial outdoor storage (IOS) assemblage in Tacoma, Washington. With the main property located at 1124 112th Street E, the site was sold by the Rhine Family in an off-market transaction.

The property features IOS land integrated with existing shop buildings, offering rare flexibility in configuration and low coverage—attributes highly sought after by IOS users across the Puget Sound region. The property’s strategic location, adjacent to the Port of Tacoma and with seamless highway access, anchors its position as a high-value asset in Tacoma’s expanding industrial landscape.

“It was great to work with Alterra on a very complex transaction. They were able to solve many unforeseen impediments and land one of the most significant IOS deals in Pierce County,” said Mike Newton, Executive Vice President.

“The property is positioned to be a strong long-term investment in a growing Tacoma market with appeal to a variety of IOS users,” said Matt Murray, SIOR, Executive Vice President.

“We truly enjoyed working with the Kidder Mathews team on this dynamic transaction. Each property in the portfolio offers end users superior connectivity to the greater Seattle area, allowing us to meet sustained demand in a target market,” said Parker Pearson, Senior Vice President, Acquisitions at Alterra IOS.

Alterra IOS—part of Philadelphia-based Alterra Property Group—has retained Kidder Mathews to provide leasing services for the property.