Articles from Terreno Realty Corporation

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has leased 100% of Countyline Corporate Park Phase IV Building 33 in Hialeah, Florida. A seven-year lease for 105,000 square feet, with a third-party logistics provider, commenced upon completion of building construction and tenant improvements in March 2025. In addition, Terreno Realty Corporation has signed leases for 28,000 square feet with a business-to-business food purveyor and 24,000 square feet with a distributor of specialty elevator parts. Building 33 shell construction finished in January 2025 and stabilization is expected in the third quarter of 2025 upon completion of tenant improvements for the two recently-signed leases. Stabilization will bring Countyline Corporate Park Phase IV to 63% complete and stabilized. Building 33 of Terreno Realty Corporation’s Countyline Corporate Park is a 158,000 square foot 36-foot clear height rear-load industrial distribution building on 9.0 acres with 53 dock-high and two grade-level loading positions and parking for 136 cars. The building is expected to achieve LEED certification, the total expected investment is $39.9 million and the estimated stabilized cap rate is 5.9%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, completed the redevelopment of a property in Santa Ana, California on February 13, 2025.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending March 31, 2025 of $0.49 per common share. The dividend will be payable on April 4, 2025 to common stockholders of record at the close of business on March 27, 2025.

Terreno Realty Corporation (NYSE:TRNO) , an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the income tax treatment of its 2024 dividend distributions to holders of its common stock.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in South San Francisco, California on January 16, 2025 for a sale price of approximately $8.0 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Union City, California on January 7, 2025 for a sale price of approximately $16.9 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the fourth quarter of 2024.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Maspeth Queens, New York on December 27, 2024 for a purchase price of approximately $50.1 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired Terreno Doral Air Logistics, an industrial property located in Doral, Florida on December 27, 2024 for a purchase price of approximately $195.6 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced that it has completed the redevelopment of its 2.8-acre improved land parcel in Rancho Dominguez, California and leased 100% of the property on a short-term basis.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has pre-leased 50% of Countyline Corporate Park Phase IV Building 32 in Hialeah, Florida. The ten-year lease for 82,000 square feet, with an aircraft engine maintenance, repair and overhaul provider, will commence upon completion of building construction and tenant improvements expected to be in June 2025. Currently under construction, Building 32 of Terreno Realty Corporation’s Countyline Corporate Park is a 164,000 square foot 36-foot clear height rear-load industrial distribution building on 8.3 acres with 53 dock-high and two grade-level loading positions and parking for 148 cars. The building is expected to achieve LEED certification, the total expected investment is $41.9 million and the estimated stabilized cap rate is 6.0%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Red Hook, Brooklyn, New York, on December 11, 2024 for a purchase price of approximately $156.3 million. The purchase price includes the assumption of an approximately $72.9 million 3.85% interest-only loan which matures in March 2028.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Newark, New Jersey on December 10, 2024 for a sale price of approximately $29.8 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Long Island City Queens, New York on December 5, 2024 for a purchase price of approximately $7.6 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 82,000 square feet in Avenel, New Jersey with a leading national wholesale tire distributor. The lease commences on December 31, 2024 and will expire January 2030.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Doral, Florida, on November 21, 2024, for a sale price of approximately $20.6 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 31 in Hialeah, Florida effective November 21, 2024. Building 31 is 100% leased to one tenant. Building 31 of Terreno Realty Corporation’s Countyline Corporate Park is a 162,000 square foot 36-foot clear height rear-load industrial distribution building on 10.0 acres with 53 dock-high and two grade-level loading positions and parking for 140 cars. The building is expected to achieve LEED certification, the total expected investment is $42.1 million and the estimated stabilized cap rate is 6.0%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the redevelopment and stabilization of Terreno 147th Street in Hawthorne, California effective November 15, 2024. Terreno 147th Street, formerly an improved land parcel, is a 31,000 square foot industrial distribution building on 1.3 acres with four dock-high and one grade-level loading positions and parking for 35 cars, including four electric car charging positions. The property is 100% leased to an atomic energy company commencing with building completion and ending April 2028. The building is expected to achieve LEED certification, the total expected investment is $15.6 million and the estimated stabilized cap rate is 5.6%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold the flex industrial portion of a seven-building Terreno Realty Corporation property located in Union City, California on November 14, 2024 for a sale price of approximately $13.0 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal in Jamaica Queens, New York with a manufacturer of pre-cooked meals. The lease of 50,000 square feet, which was to expire in September 2026, will now expire September 2036.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending December 31, 2024 of $0.49 per common share. The dividend will be payable on January 7, 2025 to common stockholders of record at the close of business on December 13, 2024.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has commenced construction of Countyline Corporate Park Phase IV Building 34 in Hialeah, Florida. Building 34 of Terreno Realty Corporation’s Countyline Corporate Park is a 220,000 square foot 36-foot clear height rear-load industrial distribution building on 13.0 acres with 76 dock-high and two grade-level loading positions and parking for 188 cars. Building 34 has been 70% pre-leased to a cruise ship industry provider of non-perishable food items and food service supplies commencing with building completion and tenant build-out, expected to be in the third quarter of 2025, and expiring February 2033. Building 34 is expected to achieve LEED certification, the total expected investment is $55.9 million and the estimated stabilized cap rate is 5.7%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the third quarter of 2024.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 75,000 square feet in Elizabeth, New Jersey with a third-party logistics provider. The lease commenced on September 30, 2024 and will expire January 2028.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 39 in Hialeah, Florida effective September 30, 2024. Building 39 is 100% leased to one tenant. Building 39 of Terreno Realty Corporation’s Countyline Corporate Park is a 178,000 square foot 36-foot clear height industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars. The building is expected to achieve LEED certification, the total expected investment is $43.8 million and the estimated stabilized cap rate is 5.8%.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the closing of an $800 million senior amended and restated unsecured credit facility (the “Facility”) to replace its existing $600 million senior unsecured credit facility, including an increase in borrowing capacity under its revolving credit facility by $200 million to $600 million (previously $400 million). In connection with the closing, the maturity of the revolving credit facility was extended to January 2029. As of September 24, 2024, there were no borrowings outstanding under Terreno Realty Corporation’s revolving credit facility.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed early lease renewals in Sunnyvale, California with a leading provider of molecular diagnostic testing. The leases of three buildings totaling 172,000 square feet, which were to expire in March 2025, will now expire March 2030.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 69,000 square feet in San Leandro, California with an ocean freight provider. The lease will commence on September 30, 2024 and will expire January 2030.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal in Torrance, California with a global supplier of automotive parts, components and technologies. The lease of 99,000 square feet, which was to expire in January 2025, will now expire January 2030.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending September 30, 2024 of $0.49 per common share, an increase of 8.9% over the prior dividend level. The dividend will be payable on October 11, 2024 to common stockholders of record at the close of business on September 30, 2024.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Washington, D.C. on August 1, 2024 for a purchase price of approximately $7.6 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has pre-leased 67% of Countyline Corporate Park Phase IV Building 33 in Hialeah, Florida. The seven-year lease for 105,000 square feet, with a third-party logistics provider, will commence upon completion of building construction and tenant improvements expected to be in March 2025. Currently under construction, Building 33 of Terreno Realty Corporation’s Countyline Corporate Park is a 158,000 square foot 36-foot clear height rear-load industrial distribution building on 9.0 acres with 53 dock-high and two grade-level loading positions and parking for 136 cars. The building is expected to achieve LEED certification, the total expected investment is $39.0 million and the estimated stabilized cap rate is 5.9%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal in Carson, California, with a leading national ground delivery company. The lease of a 5.4-acre improved land parcel, which was to expire in March 2025, will now expire March 2030.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the second quarter of 2024.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced the addition of Constance von Muehlen as an independent director effective June 1, 2024, expanding its Board of Directors to eight. Ms. von Muehlen has served as Executive Vice President and Chief Operating Officer of Alaska Airlines since April 2021. Ms. von Muehlen holds an FAA Commercial Instrument Helicopter Pilot’s License, graduated with a Bachelor’s degree from Johns Hopkins University and graduated from the Executive MBA program at the Foster School of Business at the University of Washington. Ms. von Muehlen has served previously on the FAA’s Women in Aviation advisory board and the San Jose Public Library Foundation board.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the development and stabilization of Countyline Corporate Park Phase IV Building 40 in Hialeah, Florida effective June 30, 2024. Building 40, which was previously expected to stabilize in the fourth quarter of 2024, is 100% leased to four tenants. Building 40 of Terreno Realty Corporation’s Countyline Corporate Park is a 186,000 square foot 36-foot clear height industrial distribution building on 9.1 acres with 60 dock-high and two grade-level loading positions and parking for 159 cars. The building is expected to achieve LEED certification, the total expected investment is $43.8 million and the estimated stabilized cap rate is 6.3%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal and expansion in Fremont, California with an Advanced Air Mobility provider. The renewal lease of 30,000 square feet, which was to expire in February 2025, will now expire August 2029. The expansion lease of 41,000 square feet will commence June 2024 and expire August 2029.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 5.5 acres of improved land in Newark, New Jersey with an automobile exporter. The lease commenced May 16, 2024 and will expire January 2028.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending June 30, 2024 of $0.45 per common share. The dividend will be payable on July 12, 2024 to common stockholders of record at the close of business on June 28, 2024.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired a portfolio of industrial properties located in New York City, Northern New Jersey, San Francisco Bay Area, and Los Angeles on May 2, 2024 for a purchase price of approximately $364.5 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the development of Countyline Corporate Park Phase IV Building 38 in Hialeah, Florida. Building 38 is 100% leased to a North American distributor of foodservice packaging, commercial cleaning supplies, janitorial equipment and industrial packaging. Building 38 of Terreno Realty Corporation’s Countyline Corporate Park is a 506,000 square foot 36-foot clear height cross-dock industrial distribution building on 27.6 acres with 105 dock-high and four grade-level loading positions and parking for 360 cars. The building is expected to achieve LEED certification, the total expected investment is $88.5 million and the estimated stabilized cap rate is 5.0%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Alexandria, Virginia on April 15, 2024 for a purchase price of approximately $84.3 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has commenced construction of Countyline Corporate Park Phase IV Building 31 in Hialeah, Florida. Building 31 of Terreno Realty Corporation’s Countyline Corporate Park is a 162,000 square foot 36-foot clear height rear-load industrial distribution building on 10.0 acres with 53 dock-high and two grade-level loading positions and parking for 140 cars. Building 31 has been 100% pre-leased to a national tire distributor commencing with building completion, expected to be in the fourth quarter of 2024, and expiring May 2032. Building 31 is expected to achieve LEED certification, the total expected investment is $42.1 million and the estimated stabilized cap rate is 6.0%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the first quarter of 2024.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Seattle, Washington on March 29, 2024 for a sale price of approximately $11.0 million.

Terreno Realty Corporation (NYSE: TRNO) (the “Company”), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the pricing of its public offering of 5,500,000 shares of its common stock at a price to the public of $62.00 per share. The underwriters have been granted a 30-day option to purchase up to an additional 825,000 shares of common stock. This reflects an upsizing of the previously announced offering of 5,000,000 shares of common stock. The offering is expected to close on March 27, 2024.

Terreno Realty Corporation (NYSE: TRNO) (the “Company”), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has commenced an offering of 5,000,000 shares of its common stock. The underwriters will be granted a 30-day option to purchase up to an additional 750,000 shares of common stock.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in East Williamsburg, Brooklyn, New York on March 22, 2024 for a purchase price of approximately $12.0 million.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending March 31, 2024 of $0.45 per common share. The dividend will be payable on April 5, 2024 to common stockholders of record at the close of business on March 28, 2024.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the income tax treatment of its 2023 dividend distributions to holders of its common stock.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has pre-leased 100% of Countyline Corporate Park Phase IV Building 39 in Hialeah, Florida. The ten-year lease, an expansion of an existing Terreno Realty Corporation tenant, a provider of turbine engine disassembly, repair, logistics and storage services, will commence upon completion of tenant improvements expected to be in June 2024. Currently under construction, Building 39 of Terreno Realty Corporation’s Countyline Corporate Park is a 178,000 square foot 36-foot clear height rear-load industrial distribution building on 10.9 acres with 58 dock-high and two grade-level loading positions and parking for 156 cars. The building is expected to achieve LEED certification, the total expected investment is $43.8 million and the estimated stabilized cap rate is 5.8%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the commencement of the redevelopment of Terreno Realty Corporation’s 231,000 square foot two-building property on 11.1 acres in Gardena, California.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the fourth quarter of 2023.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Bellevue, Washington on January 5, 2024 for a purchase price of approximately $6.5 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Compton, California on December 27, 2023 for a sale price of approximately $15.9 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in West Caldwell, New Jersey on December 19, 2023 for a sale price of approximately $17.8 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the development of Countyline Corporate Park Phase IV Building 41 in Hialeah, Florida and leased 100% of the building to an international logistics services provider. Building 41 of Terreno Realty Corporation’s Countyline Corporate Park is a 191,000 square foot 32-foot clear height rear-load industrial distribution building on 10.5 acres with 62 dock-high and two grade-level loading positions and parking for 196 cars. The building is expected to achieve LEED certification, the total investment is $41.2 million and the stabilized cap rate is 5.1%.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending December 31, 2023 of $0.45 per common share. The dividend will be payable on January 5, 2024 to common stockholders of record at the close of business on December 15, 2023.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Red Hook, Brooklyn, New York on October 11, 2023 for a purchase price of approximately $27.5 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Redondo Beach, California on October 10, 2023 for a purchase price of approximately $45.7 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the third quarter of 2023.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Hanover, Maryland on October 4, 2023 for a sale price of approximately $18.0 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Santa Ana, California on September 6, 2023 for a purchase price of approximately $14.8 million.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending September 30, 2023 of $0.45 per common share; an increase of 12.5% over the prior dividend level. The dividend will be payable on October 13, 2023 to common stockholders of record at the close of business on September 29, 2023.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 31,000 square feet in Carlstadt, New Jersey with a North American distributor of grocery and non-food products. The lease will commence on August 1, 2023 and will expire May 2028.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal and expansion in San Leandro, California with a provider of global aerospace and defense industry products and services. The expansion lease of 22,000 square feet commenced July 20, 2023 and expires December 2034. The renewal lease of 148,000 square feet, which was to expire in December 2024, will now expire December 2034.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the second quarter of 2023.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has completed the redevelopment of Terreno Realty Corporation’s Berryessa improved land parcel in San Jose, California and executed a lease for 6.3 acres of improved land to host a City of San Jose program to provide unhoused individuals with supportive interim tiny-home housing and safe RV parking. The lease will commence on June 30, 2023 and will expire August 2033. The total cost of the redeveloped property is approximately $26.3 million and the stabilized cap rate is approximately 4.9%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 41,000 square feet in Hialeah, Florida with an international logistics services provider. The ten-year lease is expected to commence in November 2023 upon completion of tenant improvements. Building 41 of Terreno Realty Corporation’s Countyline Corporate Park Phase IV, a 191,000 square foot, 32-foot clear height rear-load industrial distribution building, is now 100% pre-leased and is expected to complete construction in the third quarter of 2023 and achieve LEED certification. Total estimated investment is $41.4 million and the expected stabilized cap rate is 5.1%.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed an early lease renewal in Kent, Washington, with a leading e-commerce firm. The lease of 158,000 square feet, which was to expire in January 2024, will now expire January 2029.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today that it has executed a lease for 45,000 square feet in Long Island City, Queens, New York with the leading bike share provider in New York City. The lease will commence on September 1, 2023 and will expire June 2029.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Washington, D.C. on May 23, 2023 for a purchase price of approximately $13.4 million.

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, declared a regular cash dividend for the quarter ending June 30, 2023 of $0.40 per common share. The dividend will be payable on July 14, 2023 to common stockholders of record at the close of business on June 30, 2023.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in North Bergen, New Jersey on May 1, 2023 for a sale price of approximately $25.5 million.

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today its operating, investment and capital markets activity for the first quarter of 2023.