Philadelphia-based Alterra Property Group has expanded its industrial outdoor storage (IOS) portfolio in Charlotte, North Carolina, with the recent acquisition of a 5.4-acre site at 309 Morningside Road for $3.25 million, according to Mecklenburg County records. The property, purchased from Miaco Properties LLC, includes a 10,000-square-foot industrial building and is leased by The Loving Group, a landscaping solutions company. Located near Mount Holly Road in northwest Charlotte, this site adds to Alterra’s growing investments in the region.

*Article courtesy of Philadelphia Business Journal

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