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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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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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