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Stock Market & Financial Investment News

News Breaks
July 8, 2014
09:16 EDTTRNOTerreno Realty says acquired five industrial properties in Q2 for $46.7M
During Q2, Terreno Realty Corporation acquired five industrial properties consisting of seven buildings containing approximately 401,000 square feet for an aggregate purchase price of approximately $46.7M. As of June 30, 2014, Terreno Realty Corporation owned a total of 106 buildings aggregating approximately 7.5 million square feet, which were approximately 96.4% leased to 227 tenants. The leased percentage was 93.5% at March 31, 2014 and 89.1% at June 30, 2013. The same store portfolio of approximately 4.9 million square feet was 97.9% leased at June 30, 2014 as compared to 95.9% at March 31, 2014 and 93.7% at June 30, 2013.
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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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