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Stock Market & Financial Investment News

News Breaks
January 9, 2014
09:20 EDTTRNOTerreno Realty reports Q4 acquisitions of $99.6M
During Q4, Terreno Realty Corporation acquired eight industrial properties consisting of 12 buildings containing approximately 680K square feet and one parcel of land for expanding an existing building for an aggregate purchase price of approximately $99.6M. The company sold one property in New Jersey for $19.0M. Quarter end occupancy of 92.8% compares to prior quarter of 88.6% and prior year of 93.3%. During 2013, Terreno acquired 18 industrial properties consisting of 30 buildings containing approximately 1.9M square feet and one parcel of land for expanding an existing building for an aggregate purchase price of approximately $210.5M.
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July 28, 2014
09:15 EDTTRNOTerreno Realty acquires building in Kent, WA, for $2.8M
Terreno Realty Corporation acquired an industrial property located in Kent, Washington on July 25 for a purchase price of approximately $2.8M. The property consists of one industrial distribution building containing approximately 32,000 square feet on 3.8 acres adjacent to Highway 167 in Kent Valley. The property is at 26601-26609 79th Avenue South, provides 10 dock-high and two grade-level loading positions and is 52% leased to one tenant. The estimated stabilized cap rate of the property is 6.6%.

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