NYSE:TRNOIndustrial REITs
What Terreno Realty (TRNO)'s Long-Term Industrial Leases Mean For Shareholders
Terreno Realty Corporation recently announced it has pre-leased 220,000 square feet in its under-construction Countyline Corporate Park Phase IV Building 35 in Hialeah, Florida, to a national tire distributor through July 2032, alongside securing an early lease renewal for a 3.5-acre improved land parcel in Newark, New Jersey, now extending to February 2036.
These agreements, underpinned by an expected US$51.3 million investment for Building 35 at an estimated 6.0% stabilized cap rate and a...