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Stock Market & Financial Investment News

News Breaks
February 25, 2014
09:21 EDTTRNOTerreno Realty announces lease extension
Terreno Realty Corporation announced a lease extension at its industrial property at 2475-2477 Manhattan Beach Boulevard in Redondo Beach, California. The tenant for 100% of the property exercised an option to extend its lease of 103,200 square feet by two years. The lease will now expire December 2016.
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August 25, 2014
09:15 EDTTRNOTerreno Realty acquires building in Auburn, WA for $9.5M
Terreno Realty Corporation acquired an industrial property located in Auburn, Washington on August 22, 2014 for a purchase price of approximately $9.5M. The property consists of one industrial distribution building containing approximately 92,000 square feet on 7.8 acres adjacent to Highway 167 in Kent Valley. The property is at 1307 West Valley Highway North, provides 15 dock-high and seven grade-level loading positions and is 78% leased to five tenants. The estimated stabilized cap rate of the property is 5.6%.

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