NYSE:TRNOIndustrial REITs
The Bull Case For Terreno Realty (TRNO) Could Change Following New College Point E-Commerce Lease Terms
Terreno Realty Corporation recently executed a full-property lease for an 81,000-square-foot facility with two floors of indoor parking on 4.0 acres in College Point, Queens, New York, with an e-commerce firm, running from July 24, 2026, to July 2029 and supported by a total expected investment of US$98.8 million and an estimated stabilized cap rate of 6.4%.
The lease’s four renewal options and tenant termination flexibility, combined with the detailed cap-rate methodology, give investors...