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Stock Market & Financial Investment News

News Breaks
April 8, 2014
09:06 EDTTRNOTerreno Realty reports the acquisition or three industrial properties in Q1
During Q1, Terreno Realty acquired three industrial properties consisting of three buildings containing approximately 319K square feet for an aggregate purchase price of approximately $33.8M The first quarter acquisition activity was as follows. The company acquired one industrial building totaling approximately 62K square feet in Renton, Washington. The company acquired one cross-dock industrial building totaling approximately 159K square feet in Hanover, Maryland. The company acquired one industrial building totaling approximately 98K square feet in Bayonne, New Jersey that was acquired for a purchase price of approximately $9.2M. Terreno Realty currently has approximately $21.5M of acquisitions under contract and $26.5M under letter of intent. As of March 31, Terreno Realty owned a total of 99 buildings aggregating approximately 7.1M square feet, which were approximately 93.5% leased to 220 tenants. During the Q1, Terreno Realty filed a prospectus supplement under which it may from time to time sell up to $100M of its common stock through an “at the market” equity offering program. During Q1, Terreno Realty did not issue any shares under its ATM.
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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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