Realterm, an investment firm specializing in transportation infrastructure, has acquired 935 Garrison Avenue in the Bronx's Hunts Point neighborhood for an undisclosed price. The 1-acre industrial outdoor storage (IOS) site represents the fifth Bronx property for Realterm's portfolio.
The seller, Metro PH 935 Garrison LLC, is connected to investor Barry Haskell. Realterm's focus on transportation-linked assets positions the company to capitalize on the Hunts Point area's established logistics hub status. The neighborhood serves as a critical distribution center for the tri-state region, making industrial outdoor storage facilities valuable for vehicle parking, equipment staging, and container storage operations.
For commercial property owners in the Bronx, this transaction signals continued investor appetite for industrial real estate in outer-borough transportation corridors. Realterm's repeated acquisitions in the borough suggest confidence in long-term value and demand for logistics infrastructure. The company's global scope indicates access to institutional capital seeking stable, infrastructure-backed returns.
Landlords operating similar facilities near Hunts Point can leverage this transaction as a comparable sale. Properties positioned for transportation uses, particularly those with outdoor storage capacity, attract portfolio investors seeking recession-resistant assets. Tenants in the IOS sector benefit from investor consolidation, which often brings operational improvements and property upgrades.
Industrial brokers note that Hunts Point's centralized location near major highways and rail lines, combined with its role as a produce and food distribution hub, keeps demand high for flexible storage space. The area's industrial character remains largely protected from residential conversion pressure that affects other Bronx neighborhoods, making industrial investments relatively stable long-term plays.
Realterm's acquisition strategy reflects broader market dynamics. Institutional investors increasingly target secondary and tertiary markets outside Manhattan, where cap rates remain higher and acquisition competition less intense than in midtown office or