DENVER, Dec. 4, 2025 –  JLL Capital Markets announced today the sale of a two-property industrial outdoor storage portfolio totaling 67,508 square feet in Colorado's Denver and Colorado Springs metropolitan areas.

JLL represented the seller, Bespoke Holdings Company, in the transaction. Alterra IOS acquired the assets.

The transaction involved properties at 995 N 5th Ave. in Brighton and 3240-3250 Astrozon Blvd. in Colorado Springs.

The Brighton property encompasses 4,890 square feet of building space on 4.6 acres with 2.44 percent site coverage, fully leased to a major national equipment rental company. Built in 1982, the steel-constructed facility features 14-foot clear heights and two drive-in doors.

The Colorado Springs asset spans 62,618 square feet across 6.92 acres with 20.77 percent site coverage, leased to an established lumber and building materials company. Constructed in 1981 with recent improvements including a 2018 standing-seam metal roof installation, the facility features 18-foot clear heights and 10 drive-in doors. The property includes railroad spur access for enhanced logistics capabilities.

Both properties offer exceptional connectivity to major transportation corridors. The Brighton location provides direct access to Interstate 25 and Interstate 76, positioning tenants within easy reach of Denver International Airport, the third-busiest airport in the United States. The Colorado Springs property benefits from proximity to Interstate 25 and Colorado Springs Airport, which completed a $55 million renovation in 2021.

Parker Pearson, Senior Vice President, Acquisitions at Alterra IOS, led the transaction for the buyer.

"We focus on IOS properties where location, tenant quality, and site functionality intersect - this portfolio checks all three of those boxes," said Pearson. "The Denver and Colorado Springs metros have strong industrial fundamentals, and both assets are leased to strong, national IOS tenants."

The JLL Capital Markets team representing the seller was led by Senior Managing Director Peter Merrion and Director Robert Key.

"Industrial outdoor storage properties are becoming increasingly valuable as new development faces significant entitlement barriers and land scarcity," added Key. "This portfolio exemplified institutional-quality IOS assets with credit-worthy tenants, embedded rent growth, and substantial mark-to-market upside."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500^® company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Bespoke Holdings Company offers tailor-made real estate investments founded on integrity and built for sound potential returns. The company is uniquely structured to be able to buy efficiently and intelligently by applying a rigorous, proprietary vetting process to every opportunity. Bespoke furthers the command of excellent real estate investing by co-investing in every asset and by offering proven, dedicated property management services committed to seeing every tenant and property succeed. Each member of the Bespoke community of investors, brokers, tenants, and employees is equally valued and cared for in this confident arrangement that breeds success for all stakeholders.

Alterra’s industrial real estate platform, Alterra IOS, is dedicated to providing real estate solutions through property acquisition, development, management & leasing for tenants in the heavy industrial & outdoor storage space. Focused on low-building coverage sites with large, stabilized yard space to accommodate an array of uses such as vehicle, material, and equipment storage, Alterra brings an institutional comprehension of the municipal & logistical complexities in securing mission-critical real estate for the often-overlooked sectors of the U.S. industrial landscape. Over the past six years, Alterra IOS has created tenant relationships in the transportation & logistics, vehicle storage, equipment rental, and building materials industries through the acquisition or development of over 300 properties across 37 states as of Q4 2024. The dedicated team of investment, development, construction, and asset management professionals provide tenants the resources to grow and improve their businesses through site selection, development, and/or sale-leaseback transactions.