Terreno Realty expanded its industrial real estate portfolio through strategic acquisitions in June. On June 11, the company acquired a property in the San Francisco Bay Area for $25.9 million, which is fully leased through 2031. This was followed by the $77.1 million acquisition of a 305,000-square-foot industrial property in Landover, Maryland, on June 18.
The company acquired a 305,000-square-foot logistics facility in Landover, currently 92% leased, to drive portfolio growth and cash flow.
Read the full storyTerreno Realty Corporation has expanded its industrial portfolio with a $77.1 million acquisition in Landover, Maryland, targeting key logistics hubs.
The company acquired a fully leased industrial asset in the San Francisco Bay Area with lease terms extending through 2031.