Alterra Buys Wallingford Trucking Terminal for $3.6M
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Alterra Property Group, a Philadelphia real estate firm, has acquired a trucking terminal in Wallingford for $3.6 million. The property, built in 1981, spans 40,000 square feet on 5.4 acres. The seller, RLR Investments, was linked to R plus L Carriers, an Ohio freight company. Alterra has been actively purchasing industrial properties, including this one with logistics potential. They recently raised $925 million for a fund targeting infill industrial sites across the U.S. and Canada, indicating significant growth in their asset management.
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