Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of a two-property, 10.25-acre industrial outdoor storage (IOS) portfolio located in the Western I-495 submarket of Boston.

“This acquisition reinforces our strategy of targeting industrial assets in high-barrier-to-entry markets like Boston, which continues to demonstrate strong institutional and user demand”,” said Ed Brickley, Managing Director, Senior Fund Manager at Realterm. “These properties align well with our broader portfolio approach of targeting functional IOS maintenance facilities in major industrial nodes.”

The Ayer property at 15 Westford Road is a 3.5-acre site that includes an 8,200-square-foot maintenance facility with four drive through bays. The facility also features an on-site fueling station.

The Devens property, 27 Cook Street, is 6.75-acre site that features a 12,000-square-foot maintenance facility with one drive through bay.

Both facilities are located within the established Western I-495 industrial submarket, enabling users easy access to the broader Boston metropolitan area.

“These properties are well-positioned within one of the region's strongest distribution submarkets and offer highly functional improvements that support the efficient operations today’s tenants seek,” said Nick Dupuis, Vice President, Investments, Northeast Region at Realterm. “Given the limited supply of functional IOS maintenance facilities in this market, we view these properties as key additions to our portfolio.”