Fully leased property features 27,407-square-foot warehouse with 3.6 acres of industrial outdoor storage
Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of 925 N Godfrey Street, a fully leased industrial outdoor storage (IOS) facility in Allentown, PA. The 4.2-acre property is leased to Student Transportation of America Inc., a premier student transportation service provider.
The property includes a functional 27,407-square-foot warehouse with 3.6 acres of industrial outdoor storage space. The facility features four loading doors, six drive-in doors and ample parking, providing the operational flexibility required for modern fleet management and logistics operations.
“Industrial outdoor storage continues to present compelling investment opportunities in supply-constrained locations such as Allentown, PA,” said Arnie Capute, Vice President, Investments, East Region, Realterm. “Transportation users like STA require maintenance facilities located near their customer base to effectively service their fleets. This property is ideally configured to support these operations while benefiting from the exceptional transportation infrastructure of Lehigh Valley.”
Located just 1.9 miles from Route 22 and 5.5 miles from I-78, 925 N Godfrey Street offers seamless access to Lehigh Valley as well as the population centers of Allentown and Bethlehem. The Lehigh Valley occupies a strategic position in the Northeast Corridor, providing connectivity to major metropolitan markets and critical transportation infrastructure, including airports, rail terminals, and seaports throughout the region.
“This acquisition further strengthens Realterm’s position as one of the largest transportation-advantaged logistics providers in the country,” said Stephen Panos, Managing Director and Senior Fund Manager, Realterm. “Rising demand is driving the rapid expansion of last-mile footprints, and this property is ideally positioned to serve both traditional fleet operators and the evolving needs of modern logistics networks.”
Ryan Cottone and John Plower of the JLL Industrial Capital Markets team facilitated the transaction and represented the seller.
About Realterm
Realterm is an independent global investment manager focused on the transportation industry. The firm acquires, develops, finances and manages differentiated real estate and infrastructure assets serving land, air, sea and rail networks across the world. Realterm currently manages over 400 investments totaling in excess of $13 billion USD in assets under management on behalf of global investors.