Terreno Realty Corp. (TRNO) said that it acquired an industrial property located in San Jose, California on December 19, 2012 for a purchase price of approximately $4.2 million.
The property consists of one multi-tenant industrial building containing approximately 47,000 square feet. The property is currently 71% leased to two tenants. The front load distribution building is located at 631 Brennan Street adjacent to the Montague Expressway, US 101 and I-880, approximately two miles from Mineta San Jose International Airport. The estimated stabilized cap rate of the property is 7.4%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.