logo
Share SHARE
FONT-SIZE Plus   Neg

Terreno Realty Acquires Property In South Brunswick, NJ For About $5.0 Mln

Terreno Realty Corp. (TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, said it acquired a property in South Brunswick, New Jersey on December 31, 2013 for a purchase price of about $5.0 million.

The property consists of a land parcel of about 10.15 acres located immediately adjacent to Terreno Realty Corporation's existing 413,000 square foot facility at 130 Interstate Boulevard within the New Jersey Turnpike Exit 8A submarket.

Terreno Realty expects to construct during 2014 an about 190,000 square foot expansion to the existing facility creating an about 603,000 square foot multi-tenant front-load distribution building. The estimated stabilized cap rate of the expansion portion of the property is 5.8%.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Yelp Inc. (YELP) on Monday posted a loss for the fourth quarter compared to a profit last year, as higher revenues were offset by increase in operating costs. Yelp said its Chief Financial Officer Rob Krolik was leaving the company. Yelp reported fourth-quarter loss of $22.2 million or $0.29 per share,... Twenty-First Century Fox Inc., (FOXA, FOX) on Monday reported a second-quarter profit that dropped from last year, hurt largely by lower revenues as strong cable and television advertising revenues were offset by lower filmed entertainment division. Earnings for the quarter trumped Wall Street estimates... Toy maker Hasbro Inc. (HAS) reported a profit for the fourth-quarter 2015 that grew about 3.5% from last year. Quarterly net revenues increased 13% from the prior year. Both earnings per share and revenue for the quarter beat analysts' expectations.
comments powered by Disqus
Follow RTT