Business
Terreno Realty Corporation Sells Property in South Brunswick, NJ for $144.2 Million
BELLEVUE, Wash., October 07, 2025--Terreno Realty Corporation Sells Property in South Brunswick, NJ for $144.2 Million
About this update from Terreno Realty Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":410,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/f0028fb493011056715a62f35f925582"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HvCpiwFCtrjY5NfcARlvbA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgyNTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f0028fb493011056715a62f35f925582","width":410,"height":480}},"lazy":false},{"type":"text","content":"BELLEVUE, Wash., October 07, 2025--(BUSINESS WIRE)--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 Brunswick, New Jersey on October 6, 2025 for a sale price of approximately $144.2 million.","length":320,"tagName":"p"},{"type":"text","content":"The property consists of a 603,000 square foot industrial distribution building on 35.5 acres which is 100% leased. The original property consisting of 413,000 square feet was purchased by Terreno Realty Corporation on September 29, 2010 for $22.5 million. In 2013 Terreno Realty Corporation acquired the adjacent land and expanded the building by 190,000 square feet for an additional investment of $13.6 million. The unleveraged internal rate of return generated by the investment was 13.4%.","length":493,"tagName":"p"},{"type":"text","content":"Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.","length":221,"tagName":"p"},{"type":"text","content":"Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.","length":114,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may,...