Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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

RELATED NEWS
Trade TRNO now with 

Terreno Realty Corp. (TRNO: Quote), 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%.

Click here to receive FREE breaking news email alerts for Terreno Realty Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Nike Inc., the world's largest athletic shoes and apparel maker, said Thursday after the markets closed that its second quarter profit rose 23% from last year, helped by higher revenue and improved gross margin. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. Citing extreme fluctuation of the ruble, Apple Inc. (AAPL) has reportedly discontinued its online sales of products in Russia. Despite efforts of the Russian central bank, the ruble has been spiraling downward, with oil prices plunging to historic levels. The ruble shed around 19 percent on Wednesday.... General Motors said it has halted the delivery of cars to dealerships in Russia as it strives to overcome the business risks stemming from the collapse of the ruble.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.